Kotarba Partners Discloses Terms of 20.98% Stake Acquisition in Jewett-Cameron
JCTC sits 91% above its 52-week low of $1.54.
Summary
Kotarba Partners Fund I, LP disclosed terms of its agreement to acquire a 20.98% stake in Jewett-Cameron from Oregon Community Foundation, including pricing, closing deadlines, and board representation.
Key Events · Ownership and Investor Activity · JCTC
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20.98% Stake Acquisition Agreement
Kotarba Partners Fund I, LP agreed to purchase up to 738,534 shares (20.98%) from Oregon Community Foundation, with an initial purchase of 176,006 shares at $1.85 per share and options for additional shares.
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Pricing and Funding Terms
The initial 352,012 shares cost $651,222.20 at $1.85 per share. The remaining 386,522 shares are priced at 85% of the 30-day VWAP, with a minimum of $1.85 and maximum of $4.00, totaling between $715,065.70 and $1,546,088.00.
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Closing Deadlines
The initial closing must occur by September 30, 2026, unless extended. The option to purchase additional shares expires March 31, 2028.
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Board Representation
Scott Kotarba, managing member of the fund's general partner, was appointed to Jewett-Cameron's board effective August 10, 2026, giving the activist investor direct influence over company strategy.
Analysis · JCTC · Trade & Services
Kotarba Partners Fund I, LP has filed a Schedule 13D detailing its agreement to acquire up to 738,534 shares (20.98%) of Jewett-Cameron from Oregon Community Foundation. The filing reveals specific terms: an initial purchase of 176,006 shares at $1.85 per share, an option for another 176,006 shares at the same price, and an option for up to 386,522 shares at 85% of the 30-day VWAP (capped between $1.85 and $4.00). The initial closing must occur by September 30, 2026, and the options expire March 31, 2028. Scott Kotarba, the fund's managing member, was appointed to the board effective August 10, 2026. This is a significant activist stake in a company that recently reported a $6.0M net loss and a 22% revenue decline, suggesting potential strategic changes ahead.
At the time of this filing, JCTC was trading at $2.95 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $10.4M. The 52-week trading range was $1.54 to $4.02. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.