Form SCHEDULE 13G Optimum Communications, Filed by: Kite Lake Capital Management (UK) LLP
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Optimum Communications, Inc. (Name of Issuer) |
Class A Common Stock, $0.01 par value (Title of Class of Securities) |
(CUSIP Number) |
07/01/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Kite Lake Capital Management (UK) LLP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED KINGDOM
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA, PN |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Kite Lake Capital Management Ltd | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED KINGDOM
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, CO |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Kite Lake Capital Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, CO |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Massoumeh Khadjenouri | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED KINGDOM
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, IN |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Jan Lernout | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
BELGIUM
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
9,541,544.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.3 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC, IN |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to indirectly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,856,619 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
KL Special Opportunities Master Fund Ltd. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
8,691,121.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
3.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: The Reporting Person is reporting its beneficial ownership as of the date of filing. As of the trigger date, the Reporting Person was deemed to directly beneficially own, and share the power to vote or direct the disposition with respect to, an additional 6,245,469 Class A Common Stock, $0.01 par value of the Issuer.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Optimum Communications, Inc. | |
| (b) | Address of issuer's principal executive offices:
1 Court Square West, Long Island City, New York 11101 | |
| Item 2. | ||
| (a) | Name of person filing:
Kite Lake Capital Management (UK) LLP
Kite Lake Capital Management Ltd
Kite Lake Capital Ltd.
Massoumeh Khadjenouri
Jan Lernout
KL Special Opportunities Master Fund Ltd | |
| (b) | Address or principal business office or, if none, residence:
Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Kite Lake Capital Management Ltd
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Kite Lake Capital Ltd.
PO Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands
Massoumeh Khadjenouri
c/o Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
Jan Lernout
c/o Kite Lake Capital Management (UK) LLP
1st Floor, Tennyson House
159-165 Great Portland Street
London W1W 5PA
United Kingdom
KL Special Opportunities Master Fund Ltd
PO Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands | |
| (c) | Citizenship:
Kite Lake Capital Management (UK) LLP - Other - United Kingdom
Kite Lake Capital Management Ltd - Other - United Kingdom
Kite Lake Capital Ltd. - Cayman Islands
Massoumeh Khadjenouri - Other - United Kingdom
Jan Lernout - Other - Belgium
KL Special Opportunities Master Fund Ltd - Cayman Islands | |
| (d) | Title of class of securities:
Class A Common Stock, $0.01 par value | |
| (e) | CUSIP No.:
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| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121 | |
| (b) | Percent of class:
Kite Lake Capital Management (UK) LLP - 3.3%
Kite Lake Capital Management Ltd - 3.3%
Kite Lake Capital Ltd. - 3.3%
Massoumeh Khadjenouri - 3.3%
Jan Lernout - 3.3%
KL Special Opportunities Master Fund Ltd - 3.0% %
| |
| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Kite Lake Capital Management (UK) LLP - 0
Kite Lake Capital Management Ltd - 0
Kite Lake Capital Ltd. - 0
Massoumeh Khadjenouri - 0
Jan Lernout - 0
KL Special Opportunities Master Fund Ltd - 0 | ||
| (ii) Shared power to vote or to direct the vote:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Kite Lake Capital Management (UK) LLP - 0
Kite Lake Capital Management Ltd - 0
Kite Lake Capital Ltd. - 0
Massoumeh Khadjenouri - 0
Jan Lernout - 0
KL Special Opportunities Master Fund Ltd - 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
Kite Lake Capital Management (UK) LLP - 9,541,544
Kite Lake Capital Management Ltd - 9,541,544
Kite Lake Capital Ltd. - 9,541,544
Massoumeh Khadjenouri - 9,541,544
Jan Lernout - 9,541,544
KL Special Opportunities Master Fund Ltd - 8,691,121 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Kite Lake Capital Management (UK) LLP. None of those advisory clients may be deemed to beneficially own more than 5% of the Class A Common Stock, $0.01 par value. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto. | ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.
Exhibit Information
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Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification |
ATTACHMENTS / EXHIBITS