JPMorgan Chase & Co. (JPMorgan) has filed a Schedule 13D with the SEC on August 30, 2024, indicating a significant acquisition of shares in New Rite Aid, LLC, a Delaware limited liability company. The filing reveals that JPMorgan, through its investment management arm J.P. Morgan Investment Management Inc., has acquired a shared voting and dispositive power over 182,144 Class A Units, representing an 18.21% ownership stake based on 1,000,000 Class A Units outstanding. This move follows the emergence of New Rite Aid, LLC from bankruptcy proceedings, where the company reorganized and issued Class A Units to certain funds managed by JPMIM in exchange for claims. The Schedule 13D filing also includes the appointment of Andrew Guest to the Board of Directors of New Rite Aid, LLC as part of the reorganization plan. The filing indicates that JPMorgan may review and evaluate strategic alternatives and opportunities to increase value for the company, suggesting potential future actions that could impact the ownership and control of New Rite Aid, LLC.

JPMorgan Chase & Co. (JPMorgan) has filed a Schedule 13D with the SEC on August 30, 2024, indicating a significant acquisition of shares in New Rite Aid, LLC, a Delaware limited liability company. The filing reveals that JPMorgan, through its investment management arm J.P. Morgan Investment Management Inc., has acquired a shared voting and dispositive power over 182,144 Class A Units, representing an 18.21% ownership stake based on 1,000,000 Class A Units outstanding. This move follows the emergence of New Rite Aid, LLC from bankruptcy proceedings, where the company reorganized and issued Class A Units to certain funds managed by JPMIM in exchange for claims. The Schedule 13D filing also includes the appointment of Andrew Guest to the Board of Directors of New Rite Aid, LLC as part of the reorganization plan. The filing indicates that JPMorgan may review and evaluate strategic alternatives and opportunities to increase value for the company, suggesting potential future actions that could impact the ownership and control of New Rite Aid, LLC.