ASCENT INDUSTRIES CO.
5.50%
521,819
95953
871565107
May 29, 2025
Jun 6, 2025, 07:02 PM
Reporting Persons (2)
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 |
|---|---|---|---|---|---|
| Jumana Capital Investments LLC | Other | 5.50% | 521,819 | 0 | 521,819 |
| Martin Christopher Ross | Individual | 5.50% | 521,819 | 0 | 521,819 |
Disclosure Items (7)
Common Stock, par value $1.00 per share
ASCENT INDUSTRIES CO.
20 N. MARTINGALE RD, SCHAUMBURG, IL, 60173
This statement is filed by: (i) Jumana Capital Investments LLC, a Texas limited liability company ("Jumana Capital"), with respect to the shares of Common Stock, par value $1.00 per share, of the Issuer (the "Shares") directly and beneficially owned by it; and (ii) Christopher R. Martin, as the Manager of Jumana Capital. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
The principal business address of each of the Reporting Persons is 1717 St. James Place, Suite 335, Houston, Texas 77056.
The principal business of Jumana Capital is investing in securities. The principal occupation of Mr. Martin is serving as the Manager of Jumana Capital.
No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Jumana Capital is organized under the laws of the State of Texas. Mr. Martin is a citizen of the United States of America.
The Shares purchased by Jumana Capital were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 521,819 Shares directly owned by Jumana Capital is approximately $6,123,483, excluding brokerage commissions.
The aggregate percentage of Shares reported owned by each person named herein is based on 9,500,994 Shares outstanding as of May 16, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 19, 2025. As of the date hereof, Jumana Capital directly beneficially owned 521,819 Shares, constituting approximately 5.5% of the Shares outstanding. Mr. Martin, as the Manager of Jumana Capital, may be deemed to beneficially own the 521,819 Shares owned by Jumana Capital, constituting approximately 5.5% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.
Each of Jumana Capital and Mr. Martin may be deemed to share the power to vote and dispose of the Shares directly beneficially owned by Jumana Capital.
The transactions in securities of the Issuer by the Reporting Persons during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted therein.
No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
Not applicable.
On June 6, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
1 - Transactions in Securities. 99.1 - Joint Filing Agreement, dated June 6, 2025.