SCHEDULE: SunOpta Inc. Filing: Leon G. Cooperman Reports 0% Ownership

Leon G. Cooperman has filed a Schedule 13G indicating 0% beneficial ownership of SunOpta Inc. common shares following a court-mandated arrangement.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of SunOpta Inc. common shares.
• Leon G. Cooperman, through his associated entities Omega Associates, L.L.C. and Omega Capital Partners, L.P., previously held shares.
• On May 1, 2026, a court-approved statutory arrangement resulted in the purchase of all common shares beneficially owned by Mr. Cooperman and other holders by 2786694 Alberta Ltd. at $6.50 per share.
• Following this arrangement, SunOpta Inc. shares are no longer listed on NASDAQ, and the company has become privately held.
• As a result of this transaction, Mr. Cooperman no longer beneficially owns any equity securities of SunOpta Inc. registered under Section 12 of the Exchange Act.
• The filing states that Mr. Cooperman may be deemed the beneficial owner of 0 Common Shares, representing approximately 0.0% of the total outstanding shares.
• The total number of outstanding common shares was reported as 118,372,041 as of March 10, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting a completed transaction and a change in ownership status rather than ongoing operational performance or future strategic initiatives.

Positives

• The transaction provided a $6.50 per share exit for shareholders, including Leon G. Cooperman.
• The company has transitioned to private ownership, which can sometimes lead to more focused long-term strategies away from public market pressures.

Negatives

• Leon G. Cooperman, a significant investor, has divested his entire stake in the company.
• The delisting from NASDAQ signifies the end of SunOpta Inc.'s status as a publicly traded entity, potentially reducing liquidity and public scrutiny.

Risks

• The transition to private ownership may alter the company's strategic direction and operational focus.
• Lack of public trading on NASDAQ means reduced transparency and potentially less access to capital markets for future growth.

Future Outlook

The filing does not contain forward-looking statements or guidance as it pertains to a completed transaction and change in ownership status.

Management Comments

• Mr. Cooperman is engaged in, among other activities, investing for his own account.
• Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles.
• Capital LP is a private investment firm comprised of Cooperman family funds engaged in the purchase and sale of securities for investment for its own account.
• Following the sale of the Common Shares pursuant to the Court Mandated Arrangement, the Common Shares ceased to be listed or traded on NASDAQ, and the Issuer became a privately-held company.
• As a result, Mr. Cooperman no longer beneficially owns any equity securities of the Issuer registered under Section 12 of the Exchange Act.

Industry Context

StockSavvy.ai notes that the transition of a company from public to private ownership, often through a 'going private' transaction or a court-mandated arrangement, is a significant event. This typically occurs when a buyer acquires all outstanding shares, leading to delisting from stock exchanges. Such moves can be driven by various factors, including a desire for greater operational flexibility, avoidance of public reporting burdens, or a strategic shift in ownership structure. The $6.50 per share price indicates the valuation agreed upon for this transition.

Legal Proceedings

• The filing references a 'court-approved statutory arrangement' which led to the purchase of shares and the company becoming privately held.

Related Party Transactions

• The transaction involved the purchase of shares from Leon G. Cooperman and other holders by 2786694 Alberta Ltd. under a court-mandated arrangement.

Stakeholder Impact

• Shareholders who participated in the court-mandated arrangement received $6.50 per share.
• Employees may experience changes in corporate culture and operational focus due to the transition to private ownership.
• Creditors and suppliers may see changes in financial reporting and strategic decision-making processes.

Next Steps

• Sun ऑप्टा Inc. will continue operations as a privately-held company.
• Leon G. Cooperman will no longer hold any beneficial ownership of SunOpta Inc. equity securities registered under Section 12 of the Exchange Act.

Key Dates

Keywords

SunOpta Inc., Schedule 13G, Leon G. Cooperman, Beneficial Ownership, SEC Filing, Private Company, Delisting, Shareholder Arrangement, Omega Associates, Omega Capital Partners