Item 1. Security and Issuer
This statement on Schedule 13D relates to Common Units, representing limited partner interests in the Navios Maritime Containers L.P. (the “Issuer”), a limited partnership organized under the laws of the Republic of the Marshall Islands, with principal executive offices at 7 Avenue de Grande Bretagne, Office 11B2.
The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant.
Item 2. Identity and Background
The Issuer filed a Registration Statement on FormF-1 (as amended, the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the pro rata distribution (the “Distribution”), by Navios Maritime Partners L.P. (the “Reporting Person”) to its unit holders of 6.9% of the common units of the Issuer held by the Reporting Person immediately prior to the Distribution.
The Registration Statement was declared effective by the SEC on November 30, 2018, and the Distribution was completed on December 3, 2018.
To effect the Distribution, the Reporting Person made a pro rata distribution of 855,001 common units of the Issuer’s issued and outstanding common units held by the Reporting Person to holders of the Reporting Person’s units as of the close of business, New York City time, on November 23, 2018, the record date for the Distribution. The Reporting Person distributed 0.0050 of the Issuer’s common units for every Reporting Person unit held by such holder.
Prior to the Distribution, the Reporting Person held 12,447,277 (or approximately 36.0%) of the Issuer’s outstanding common units. Following the completion of the Distribution, the Reporting Person holds 11,592,276 (or approximately 33.5%) of the Issuer’s outstanding common units.
Commencement of trading of the Issuer’s common units on the Nasdaq Global Select Market is expected to commence approximately one week following the completion of the Distribution.
The Reporting Person is a limited partnership organized under the laws of the Republic of the Marshall Islands, with principal executive offices at 7 Avenue de Grande Bretagne, Office 11B2.
Neither of the Reporting Person nor any manager or executive officer of the Reporting Person, has, during the past five years, (a) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (b) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting, or mandating activities subject to, Federal or State securities laws or a finding of any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Not applicable.