MEDALLION FINANCIAL CORP
5.00%
1,150,000
1000209
583928106
Dec 30, 2024
Jan 3, 2025, 05:35 PM
Reporting Persons (5)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| KORR Value L.P. | Partnership | 5.00% | 1,150,000 | 1,150,000 | 0 |
| KORR Acquisitions Group, Inc. | CO | 5.00% | 1,150,000 | 1,150,000 | 0 |
| Orr Ken | Individual | 5.00% | 1,150,000 | 1,150,000 | 0 |
| David Orr | Individual | 0.00% | 0 | 0 | 0 |
| Jonathan Orr | Individual | 0.00% | 0 | 0 | 0 |
Disclosure Items (4)
Common Stock, $0.01 par value per share
MEDALLION FINANCIAL CORP
437 MADISON AVE 38 TH FLOOR, NEW YORK, NY, 10022
Item 3 of Schedule 13D is hereby amended and restated to read as follows: The aggregate purchase price of the 1,150,000 shares of Common Stock directly held by KORR Value reported herein was approximately $5,592,796. Such shares of Common Stock directly held by KORR Value were purchased with the working capital of KORR Value. Unless otherwise indicated herein, all shares of Common Stock reported herein were purchased in open market transactions through brokers.
Item 5(a) of Schedule 13D is hereby amended and restated to read as follows: The aggregate percentage of shares of Common Stock of the Issuer reported owned by each Reporting Person named herein is based on 23,067,748 shares of Common Stock of the Issuer outstanding as of November 6, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 6, 2024. As of the date hereof, KORR Value directly beneficially owned 1,150,000 shares of Common Stock of the Issuer, constituting approximately 4.99% of the shares of Common Stock of the Issuer outstanding. KORR Acquisitions, as the general partner of KORR Value, may be deemed to beneficially own the 1,150,000 shares of Common Stock of the Issuer owned by KORR Value, constituting approximately 4.99% of the shares of Common Stock of the Issuer outstanding. Kenneth Orr, as the Chief Executive Officer and Chief Investment Officer of KORR Acquisitions, may be deemed to beneficially own the 1,150,000 shares of Common Stock of the Issuer owned by KORR Value, constituting approximately 4.99% of the shares of Common Stock of the Issuer outstanding. As of the date hereof, David Orr directly beneficially owned 0 shares of Common Stock, constituting 0% of the shares of Common Stock of the Issuer outstanding. As of the date hereof, Jonathan Orr directly beneficially owned 0 shares of Common Stock, constituting 0% of the shares of Common Stock of the Issuer outstanding.
Item 5(b) of Schedule 13D is hereby amended and restated to read as follows: As the general partner of KORR Value, KORR Acquisitions may be deemed to exercise voting and investment power over the 1,150,000 shares of Common Stock of the Issuer held directly by KORR Value. In addition, as the Chief Executive Officer and Chief Investment Officer of KORR Acquisitions, Kenneth Orr may be deemed to exercise voting and investment power over 1,150,000 of the Issuer held directly by KORR Value.
Item 5(c) of Schedule 13D is hereby amended and restated to read as follows: Transactions by the Reporting Persons effected during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference.
Item 5(e) of Schedule 13D is hereby amended and restated to read as follows: As of December 31, 2024, the Reporting Persons ceased to beneficially own more than 5% of the outstanding shares of Common Stock.
Item 7 of Schedule 13D is amended to add the following: 1 - Transactions in Securities.