GRAND RAPIDS, MI - SpartanNash revealed some industry-shaking news this past Friday when the company published an 8-K filing with the Securities and Exchange Commission (SEC). In a move that shifts SpartanNash’s shareholder rankings, the retailer has issued an official stock warrant to an Amazon.com affiliate.
As stated in the SEC filing, the deal offers up 5,437,272 shares of SpartanNash’s common stock at about $17.7257 per share, amounting to a $96.4 million total investment from the Amazon subsidiary NV Investment Holdings LLC. This brings Amazon’s investment to roughly 15 percent of SpartanNash’s shares, meaning the e-commerce behemoth is now one of its largest investors.
Other major investors include BlackRock, which holds about five million shares, and Dimensional Fund Advisors LP, which holds around three million shares. SpartanNash also mentioned in its SEC filing that this warrant is part of a larger agreement with Amazon, leading ANUK to believe that this announcement is more than meets the eye.
Just how will this stock warrant impact SpartanNash’s long-term growth? Stick around to see what all we uncover at AndNowUKnow.
