AUS
NZ
UK
CA
USA
IND
.jpg)
Aqua Capital, Ltd., a director and 10% shareholder of Energizer Holdings, Inc. (NYSE:ENR), announced the acquisition of 120,000 shares of common stock between July 23 and July 24, 2026, as disclosed in a Form 4 filing dated July 27, 2026. The transactions occurred at weighted average prices ranging from approximately $20.08 to $21.09 per share. The filing also reveals that multiple entities and individuals affiliated with the Energizer shareholder may collectively form a Section 13(d) group holding over 10% of the company’s outstanding common stock.
Key Highlights
- Stock Symbol: NYSE: ENR
- Aqua Capital, Ltd. acquired 120,000 shares of Energizer common stock across two trading days in late July 2026
- Weighted average purchase prices ranged from $20.084 to $21.0866 per share, with individual transaction prices between $19.98 and $21.23
- Post-acquisition, Aqua Capital’s beneficial ownership increased to 8,000,000 shares; related parties may collectively own more than 10% of Energizer’s outstanding shares
Details of Aqua Capital’s Stock Purchases
Aqua Capital, Ltd., serving as both a director and a 10% owner of Energizer Holdings, Inc., disclosed a series of stock purchases executed over July 23 and July 24, 2026. According to the Form 4 filing, the company acquired 120,000 shares in six transactions, each involving 20,000 shares. The weighted average price per transaction varied due to market fluctuations during the two-day period.
Following these acquisitions, Aqua Capital’s direct beneficial ownership rose from 7,880,000 shares to 8,000,000 shares. These incremental purchases represent a strategic increase in its stake in the battery and home products manufacturer. All shares were purchased on the open market at prevailing prices during the specified dates.
Transaction Pricing and Execution Overview
On July 23, 2026, three purchases were made at weighted average prices of $20.084, $20.3675, and $20.2942 per share, respectively. Individual transaction prices on that day ranged narrowly; for example, the first purchase included shares priced between $19.98 and $20.2050, while the second ranged from $20.27 to $20.49.
On July 24, 2026, three additional acquisitions occurred at weighted average prices of $20.9326, $21.0866, and $20.9348 per share. Share prices generally increased compared to the previous day. Aqua Capital has committed to providing detailed information about the exact number of shares purchased at each price point within the disclosed ranges if requested by Energizer’s board, any security holder, or the Securities and Exchange Commission.
Ownership Structure and Affiliated Entities
The filing outlines a complex ownership structure behind Aqua Capital’s stake. Aqua Capital is a wholly owned subsidiary of Durango Capital, Ltd., which is equally owned by The Apollo Trust and The Minerva Trust, both established under Bermuda law. This layered structure places Aqua Capital within a broader network of related entities potentially exercising significant influence over Energizer’s shareholder voting.
Fundacion Omerinta acts as Protector for both The Apollo Trust and The Minerva Trust, controlling trustee appointments. Brinza International Corp. is the founder and sole member of Fundacion Omerinta’s Foundation Council, while Fundacion Barniz is the sole shareholder of Brinza International Corp. Alfredo Jose Diez Ramirez is identified as Founder and Protector of Fundacion Barniz and serves as sole director and president of Durango Capital, Ltd. All these entities and individuals are considered indirect beneficial owners of the reported securities.
Possible Section 13(d) Group Classification
The filing indicates that Aqua Capital, Durango Capital, Fundacion Omerinta, Brinza International Corp., Fundacion Barniz, and Alfredo Jose Diez Ramirez may be deemed members of a Section 13(d) group collectively owning over 10% of Energizer’s outstanding common stock. Section 13(d) of the Securities Exchange Act requires disclosure by beneficial owners of more than 5% of a company’s equity and any agreements that might form a group.
However, the filing includes a disclaimer that this Form 4 submission does not constitute an admission that these parties are members of such a group. This standard language reflects the complexity of ownership structures and the interpretive nature of securities law regarding coordination or group status. Investors should monitor for any future clarifications from Energizer or the SEC concerning this group’s collective ownership or coordination agreements.
Director and 10% Shareholder Roles
The filing confirms Aqua Capital, Ltd.’s dual role as a director and 10% owner at Energizer Holdings. This combination signifies both governance influence through board participation and substantial economic interest via significant shareholding. Transparency about such influential shareholders is critical for public companies.
Given these roles, Aqua Capital’s decisions on share acquisitions, voting, or engagement with management are of particular interest to shareholders and market observers. The Form 4 filing ensures timely public disclosure of these transactions, enabling investors and analysts to track shifts in shareholder composition and potential changes in company control or influence.
Compliance with Reporting Obligations
The Form 4 was filed on July 27, 2026, three business days after the final purchase on July 24. Under Section 16(a) of the Securities Exchange Act of 1934, directors, officers, and beneficial owners exceeding 10% must file Form 4 within two business days of transactions. This filing demonstrates compliance with SEC disclosure requirements.
All reporting entities list their address as c/o Caledco Corporation, 5757 Waterford District Drive, Suite 370, Miami, Florida 33126. The filing’s footnotes clarify that reported prices are weighted averages across multiple transactions at varying prices within specified ranges, providing transparency on execution quality and market conditions.
Impact on Energizer Investors and Market Observers
Aqua Capital’s acquisition of 120,000 additional shares signals ongoing confidence in Energizer Holdings by a major shareholder with governance influence. The filing does not specify the motivation behind the purchases or whether they form part of a larger strategic plan. Investors may interpret the timing and size of these acquisitions as indicative of insider sentiment regarding Energizer’s future outlook.
With a direct ownership position now at 8,000,000 shares, Aqua Capital holds a significant stake in Energizer’s equity. Market participants tracking insider activity and shareholder concentration may consider this data when assessing potential market sentiment or insider perspectives. The filing does not disclose plans for further purchases or any Rule 10b5-1 trading plans governing future transactions.
Commitment to Transparency and Future Reporting
Aqua Capital has pledged to provide detailed breakdowns of shares purchased at each price point within the disclosed ranges upon request by Energizer, any security holder, or the SEC. This commitment aligns with standard transparency expectations for insiders and major shareholders, ensuring transaction details can be reconstructed if needed.
Future Form 4 filings will be required for any additional share acquisitions, disposals, or changes in beneficial ownership by Aqua Capital or related parties. Investors monitoring this entity and its affiliates should watch SEC EDGAR for updates that may reveal further developments in Energizer’s shareholder structure or control dynamics.
