Bernstein says Donald Trump wants this stock to go up
Shares of Pattern Group Inc. (NASDAQ:PTRN), which has seen a sharp 10.7% decline over the past week according to InvestingPro data, were recently acquired by entities related to KLC Fund I LP, according to a Form 4 filing with the Securities and Exchange Commission.
On September 24, 2025, KLC Fund I LP purchased 102,256 shares of Series A Common Stock in the open market at prices ranging from $13.15 to $13.49, for a total value of $1,368,004. The following day, September 25, 2025, KLC Fund I LP continued purchasing, acquiring 200,000 shares at prices between $12.00 and $12.81, amounting to $2,492,974. The company maintains strong financial health with a current ratio of 2.28, indicating ample liquidity to meet short-term obligations.
Following these transactions, the total shares owned by the reporting entities is 28,176,542.
John Bailey, a director and indirect owner through his control of KLC Fund I UGP LLC, may be deemed to have voting and dispositive power over these shares.
In other recent news, Pattern Group Inc. has successfully closed its initial public offering (IPO) at a price of $14.00 per share. The IPO consisted of 21,428,572 shares of Series A common stock, with an even split between shares issued by the company and those sold by existing stockholders. Pattern Group began trading on the Nasdaq Global Select Market under the ticker symbol "PTRN." The company received proceeds from the 10,714,286 shares it directly sold, while the remaining shares sold by existing stockholders did not generate proceeds for Pattern. This IPO marks a significant milestone for the company as it enters the public market. The offering was initially announced with a planned closing date of September 22, pending customary closing conditions. These developments are part of Pattern Group’s efforts to expand its presence in the ecommerce marketplace acceleration sector.
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