SourceForge investor Marlin Sams buys 800,000 shares for 20.6% stake

By Lisa Kerner

Charlotte, N.C., June 4 - SourceForge, Inc. investors led by Marlin Sams Fund LP bought 800,000 shares of the company's stock between June 1 and June 3 priced from $1.14 to $1.15 each.

The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission on Thursday.

With the purchases, the investors increased their ownership in the company to 20.6%.

William M. Sams beneficially owns 13.2 million shares of the Mountain View, Calif.-based company's outstanding stock.

SourceForge owns and operates a network of media web sites serving IT professionals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.