Andrew Weiss‘ Weiss Asset Management recently filed a Form 13G with the Securities and Exchange Commission in which it reported holding 3.82 million common shares of Quinpario Acquisition Corp. 2 (NASDAQ:QPAC), which amass 8.74% of the company’s outstanding stock. This represents an increase of 1.80 million shares to the fund’s stake, as it previously held 2.02 million shares according to its 13F filing for the end of June.
Quinpario Acquisition Corp. 2 is a blank-check company. Over the past 12 months, the company’s shares have gained 0.2%, and 0.92% since its IPO last March. The company is focused on the acquisition of specialty chemicals and performance materials companies. Quinpario Partners is currently led by several veterans of Solutia, which was acquired by Eastman Chemical Company (NYSE:EMN) for $4.8 billion in 2012. The partners’ first acquisition company, Quinpario Acquisition Corp (NASDAQ:JASN), acquired Jason Industries in June 2014.
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Weiss Asset Management may now rank as being the largest shareholder of the stock, as Fir Tree, founded by Jeffrey Tannenbaum, was the largest shareholder of Quinpario Acquisition Corp. 2 (NASDAQ:QPAC) on June 30, owning 2.61 million shares. Paul Glazer’s Glazer Capital and Eric Edidin and Josh Lobel’s Archer Capital Management were some other large shareholders of the stock at the end of June.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| WEISS ASSET MANAGEMENT | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
| BIP GP | 0 | 2,356,222 | 0 | 2,356,222 | 2,356,222 | 5.39% |
| WAM GP | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
| ANDREW M. WEISS, PH.D | 0 | 3,824,400 | 0 | 3,824,400 | 3,824,400 | 8.74% |
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Page 1 of 10 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Quinpario
Acquisition Corp. 2
(Name of Issuer)
Common stock, par value $0.0001 per share
(Title of Class of Securities)
74874U101
(CUSIP Number)
August 12, 2016
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this
cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).