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Palisades Master Fund cuts stake in Chanticleer Holdings
By Lisa Kerner
Charlotte, N.C., May 7 - Investors led by Palisades Master Fund, LP sold 950,000 shares of Chanticleer Holdings, Inc., reducing their stake in the company to 24.3025% from 35.326%.
According to a schedule 13D filing with the Securities and Exchange Commission, the shares were sold on April 28 and May 5 priced at $0.5713 and $0.58 each, respectively.
The investors beneficially own 2,094,401 shares of the Charlotte, N.C., business development company.
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