This past Friday, SpartanNash rocked the industry when the company published its 8-K filing with the Securities and Exchange Commission (SEC). In the filing, SpartanNash reported a shift in its shareholder rankings as it issued an official stock warrant to an Amazon.com affiliate.
According to 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, making the e-commerce titan one of SpartanNash’s largest investors.
Source: Delimarket News
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 