Build A Bear Workshop : Initial Statement of Beneficial Ownership (Form 3)
March 15, 2022 at 08:28 pm EDT
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Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
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(1)
As of March 10, 2022, Tonga Partners, LP, Tristan Partners, LP, and Tristan Offshore Fund, Ltd., and sundry separately-managed accounts advised by Cannell Capital LLC (collectively the "Cannell Investment Vehicles") owned in the aggregate 1,639,680 shares of the common stock of Build-A-Bear Workshop, Inc.
(2)
Cannell Capital LLC acts as the general partner of and investment adviser to Tonga Partners, LP, and Tristan Partners, L.P. and as the investment adviser to the Tristan Offshore Fund, Ltd and the sundry separately-managed accounts. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. As such, Mr. Cannell possesses sole power to vote and direct the disposition of all securities of Build-A-Bear Workshop, Inc. held by the Cannell Investment Vehicles. Thus, for the purposes of Reg. Section 240.13d-3, as of March 10, 2022, Mr. Cannell beneficially owns 1,639,680 shares. Mr. Cannell's interest in the securities reported herein is limited to the extent of his pecuniary interest in each of the Cannell Investment Vehicles, if any.
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Build-A-Bear Workshop Inc. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 00:27:01 UTC.
Build-A-Bear Workshop, Inc. is a multi-channel retailer of plush animals and related products. The Company operates through three segments: direct-to-consumer (DTC), commercial, and international franchising. The DTC segment includes the operating activities of corporately managed locations and other retail delivery operations in the United States, Canada, Ireland and the United Kingdom, including the Companyâs e-commerce sites and temporary stores. The commercial segment includes the Companyâs transactions with other businesses, mainly comprised of licensing the Companyâs intellectual properties for third party use and wholesale activities. The international franchising segment includes the licensing activities of its franchise agreements with store locations in select countries in Asia, Australia, the Middle East, Africa, and South America. The Company operates approximately 350 corporately managed locations and has 68 franchised stores operating internationally.