KLR Energy Acquisition Corp. (KLRE): Weiss Asset Management Ups Stake

A recent 13G filing with the Securities and Exchange Commission revealed that Andrew Weiss‘ Weiss Asset Management has increased its stake in KLR Energy Acquisition Corp.(NASDAQ:KLRE) to 824,000 Class A common shares, which amass 10.07% of the development stage company’s outstanding stock. Previously, Wiess Asset Management held 799,000 Class A common shares, as reported in its latest 13F filing for the reporting period of March 31.

KLR Energy Acquisition is a blank check company that went public in March, with a further split of its shares in early April. Since the main KLREU ticker went public, its shares have gained just over 1%. Its Class A shares trade under the ticker KLRE and are separated from the Warrants, both of which trade together under the KLREU ticker. Blank check companies are typically formed with the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Among investors long KLR Energy Acquisition (NASDAQ:KLRE) as of March 31 were D E Shaw, founded by David E. Shaw, which had a $4 million investment in the stock, as well as Paul Glazer’s Glazer Capital, Curtis Schenker and Craig Effron’s Scoggin, and Richard Driehaus’ Driehaus Capital.

You can access the original SEC filing by clicking here.

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Ownership Summary Table

Page 1 of 10 – SEC Filing