U-Haul Holding Co /NV/ (UHAL): M&A transaction — Shoen-led group crosses 50% voting ownership, making U-Haul a controlled company

U-Haul Holding Co /NV/

SAC purchased 24,900 voting common shares for $1.4M on March 23, 2023.
Group now holds 9,828,542 shares (50.13% of voting stock), up from just under 50%.
Company qualifies as a NYSE controlled company; may opt out of certain governance requirements.
No election regarding governance exemptions has been made by the Board.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

U-Haul Holding Co /NV/ underwent a change of control involving Schedule 13D Group for $1,404,711.46 (closed 2023-03-23).

Action: change of control
Counterparty: Schedule 13D Group
Consideration: $1,404,711.46
Closing: 2023-03-23

Exact text from the filing

Stock ”) of U-Haul Holding Company (the “ Company ”). The Voting Common Stock was acquired in open market purchases (the “ Transactions ”) for an aggregate purchase price of $1,404,711.46. The source of funds used in connection with the purchase of such shares of Voting Common Stock was the working capital of SAC and its affiliates. As a result of the

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U-Haul Holding Co /NV/ filing history →

Source: SEC EDGAR

accession 0000004457-23-000026

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