# EDGAR Filing Document

**Accession Number:** 0000095953
**File Stem:** 0000921895-25-001719
**Filing Date:** 2025-6
**Character Count:** 19291
**Document Hash:** 0b0dfb728d78c89a42817e6b58a06f87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-001719.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0000921895-25-001719

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASCENT INDUSTRIES CO.
- **CENTRAL INDEX KEY:** 0000095953
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL PIPE & TUBES [3317]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 570426694
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-15999
- **FILM NUMBER:** 251032454

**BUSINESS ADDRESS:**
- **STREET 1:** 20 N. MARTINGALE RD
- **STREET 2:** SUITE 430
- **CITY:** SCHAUMBURG
- **STATE:** IL
- **ZIP:** 60173
- **BUSINESS PHONE:** 6308849181

**MAIL ADDRESS:**
- **STREET 1:** 20 N. MARTINGALE RD
- **STREET 2:** SUITE 430
- **CITY:** SCHAUMBURG
- **STATE:** IL
- **ZIP:** 60173

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SYNALLOY CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKMAN UHLER INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19710510
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jumana Capital Investments LLC
- **CENTRAL INDEX KEY:** 0002036142

**ORGANIZATION NAME:**
- **EIN:** 882248730
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 1717 SAINT JAMES PLACE, SUITE 335
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 832-689-1155

**MAIL ADDRESS:**
- **STREET 1:** 1717 SAINT JAMES PLACE, SUITE 335
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

## Ex-1

Exhibit 1

**<u>Transactions in the Securities of the Issuer During the Past 60 Days</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of the Transaction</u> | &nbsp;&nbsp; Securities<br> <u>Purchased/(Sold)</u> | &nbsp;&nbsp; Price Per<br> <u>Security($)<sup>\*</sup></u> | &nbsp;&nbsp;<u>Price Range ($)</u> | &nbsp;&nbsp; Date of<br> <u>Purchase/Sale</u> |

---

**<u>JUMANA CAPITAL INVESTMENTS LLC</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;2500 | &nbsp;&nbsp;12.5000 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/07/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;5000 | &nbsp;&nbsp;12.7900 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/08/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(612) | &nbsp;&nbsp;12.9467 | &nbsp;&nbsp;12.9400 – 12.9500 | &nbsp;&nbsp;04/08/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(1208) | &nbsp;&nbsp;12.7331 | &nbsp;&nbsp;12.7000 – 12.8000 | &nbsp;&nbsp;04/09/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;3500 | &nbsp;&nbsp;12.4600 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/10/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(1064) | &nbsp;&nbsp;12.7084 | &nbsp;&nbsp;12.7082 - 12.7500 | &nbsp;&nbsp;04/14/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(2033) | &nbsp;&nbsp;12.7000 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/15/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(3504) | &nbsp;&nbsp;12.7595 | &nbsp;&nbsp;12.7500 – 12.7900 | &nbsp;&nbsp;04/16/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(6255) | &nbsp;&nbsp;12.8631 | &nbsp;&nbsp;12.8000 – 12.9300 | &nbsp;&nbsp;04/17/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(2082) | &nbsp;&nbsp;12.8254 | &nbsp;&nbsp;12.8200 – 12.8400 | &nbsp;&nbsp;04/22/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(521) | &nbsp;&nbsp;13.0139 | &nbsp;&nbsp;13.0000 – 13.0172 | &nbsp;&nbsp;04/23/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;100 | &nbsp;&nbsp;12.8500 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/24/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;100 | &nbsp;&nbsp;12.8400 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/28/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(878) | &nbsp;&nbsp;13.2483 | &nbsp;&nbsp;– | &nbsp;&nbsp;04/29/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(181) | &nbsp;&nbsp;13.2400 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/01/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(1529) | &nbsp;&nbsp;13.2800 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/05/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;14 | &nbsp;&nbsp;12.9500 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/06/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(2300) | &nbsp;&nbsp;13.2546 | &nbsp;&nbsp;13.2500 – 13.2800 | &nbsp;&nbsp;05/06/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;474 | &nbsp;&nbsp;12.8400 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/08/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;642 | &nbsp;&nbsp;12.7954 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/09/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;5400 | &nbsp;&nbsp;12.6300 | &nbsp;&nbsp;12.6200 – 12.7700 | &nbsp;&nbsp;05/12/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(400) | &nbsp;&nbsp;12.9125 | &nbsp;&nbsp;12.9100 – 12.9200 | &nbsp;&nbsp;05/12/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;5090 | &nbsp;&nbsp;12.0787 | &nbsp;&nbsp;11.9000 – 12.6100 | &nbsp;&nbsp;05/13/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;1300 | &nbsp;&nbsp;11.9737 | &nbsp;&nbsp;11.9200 – 12.0000 | &nbsp;&nbsp;05/15/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;45496 | &nbsp;&nbsp;12.3196 | &nbsp;&nbsp;12.0000 – 12.4400 | &nbsp;&nbsp;05/16/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(17904) | &nbsp;&nbsp;12.2147 | &nbsp;&nbsp;12.2000 – 12.2300 | &nbsp;&nbsp;05/16/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;27054 | &nbsp;&nbsp;12.4502 | &nbsp;&nbsp;12.2500 – 12.5900 | &nbsp;&nbsp;05/19/2025 |
| &nbsp;&nbsp;Sale of Common Stock | &nbsp;&nbsp;(5900) | &nbsp;&nbsp;12.3900 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/19/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;3907 | &nbsp;&nbsp;12.7171 | &nbsp;&nbsp;12.6400 – 12.8900 | &nbsp;&nbsp;05/20/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;132468 | &nbsp;&nbsp;12.5467 | &nbsp;&nbsp;12.4800 – 12.6207 | &nbsp;&nbsp;05/21/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;15646 | &nbsp;&nbsp;12.5348 | &nbsp;&nbsp;12.5100 – 12.5500 | &nbsp;&nbsp;05/22/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;328 | &nbsp;&nbsp;12.5073 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/23/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;39728 | &nbsp;&nbsp;12.5228 | &nbsp;&nbsp;12.4999 – 12.6477 | &nbsp;&nbsp;05/27/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;2387 | &nbsp;&nbsp;12.6028 | &nbsp;&nbsp;12.5490 – 12.6364 | &nbsp;&nbsp;05/28/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;4642 | &nbsp;&nbsp;12.4993 | &nbsp;&nbsp;– | &nbsp;&nbsp;05/29/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;65424 | &nbsp;&nbsp;12.5692 | &nbsp;&nbsp;12.5000 – 12.9053 | &nbsp;&nbsp;05/30/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;10000 | &nbsp;&nbsp;12.9200 | &nbsp;&nbsp;– | &nbsp;&nbsp;06/02/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;3165 | &nbsp;&nbsp;13.0073 | &nbsp;&nbsp;– | &nbsp;&nbsp;06/03/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;11511 | &nbsp;&nbsp;12.9460 | &nbsp;&nbsp;- | &nbsp;&nbsp;06/04/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;1729 | &nbsp;&nbsp;12.9193 | &nbsp;&nbsp;- | &nbsp;&nbsp;06/05/2025 |

---

------

<sup>\*</sup> The price reported in column <u>Price Per Security ($)</u> is a weighted average price if a price range is indicated in column <u>Price Range ($)</u>. These securities were purchased or sold in multiple transactions at prices between the corresponding price ranges in the applicable row. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities purchased or sold at each separate price.

## Exhibit 99.1

Exhibit 99.1

**<u>JOINT FILING AGREEMENT</u>**

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including additional amendments thereto) with respect to the shares of Common Stock, par value $1.00 per share, of Ascent Industries Co., a Delaware corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

---

| | |
|:---|:---|
| Jumana Capital Investments LLC | Jumana Capital Investments LLC |
| By: | /s/ Christopher R. Martin |
|  | Christopher R. Martin, Manager |
| Date: | 06/06/2025 |

---

---

| | |
|:---|:---|
| Martin Christopher Ross | Martin Christopher Ross |
| By: | /s/ Christopher R. Martin |
|  | Christopher R. Martin |
| Date: | 06/06/2025 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**ASCENT INDUSTRIES CO.**

*(Name of Issuer)*

**Common Stock, par value $1.00 per share**

*(Title of Class of Securities)*

**871565107**

*(CUSIP Number)*

**CHRISTOPHER MARTIN**<br>JUMANA CAPITAL INVESTMENTS LLC<br>1717 St. James Place, Suite 335<br>Houston TX 77056<br>281-915-2704

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/30/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **871565107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jumana Capital Investments LLC** | Name of reporting person<br>**Jumana Capital Investments LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**521819.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**521819.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**521819.00** | Aggregate amount beneficially owned by each reporting person<br>**521819.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.5%** | Percent of class represented by amount in Row (11)<br>**5.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **871565107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Martin Christopher Ross** | Name of reporting person<br>**Martin Christopher Ross** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**521819.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**521819.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**521819.00** | Aggregate amount beneficially owned by each reporting person<br>**521819.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.5%** | Percent of class represented by amount in Row (11)<br>**5.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $1.00 per share

**(b) Name of Issuer:**
ASCENT INDUSTRIES CO.

**(c) Address of Issuer's Principal Executive Offices:**
20 N. MARTINGALE RD, SUITE 430, SCHAUMBURG, IL, 60173

**Item 4. Purpose of Transaction**

The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and to communicate with the Issuer's management, Board of Directors (the "Board") and other interested parties about a broad range of operational and strategic matters, and may discuss a potential sale of the Issuer or certain of its businesses or assets, in which the Reporting Persons may participate, as a means of enhancing stockholder value. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in additional communications with management and the Board of the Issuer, engaging in discussions with stockholders of the Issuer or third parties, including potential acquirers, service providers and financing sources, about the Issuer and the Reporting Persons' investment, making proposals to the Issuer concerning changes to the capital allocation strategy, capitalization, ownership structure, including a sale of the Issuer as a whole or in parts, Board structure (including Board composition) or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The aggregate percentage of Shares reported owned by each person named herein is based on 9,500,994 Shares outstanding as of May 16, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 19, 2025.

As of the date hereof, Jumana Capital directly beneficially owned 521,819 Shares, constituting approximately 5.5% of the Shares outstanding.

Mr. Martin, as the Manager of Jumana Capital, may be deemed to beneficially own the 521,819 Shares owned by Jumana Capital, constituting approximately 5.5% of the Shares outstanding.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.

**(b)**
Each of Jumana Capital and Mr. Martin may be deemed to share the power to vote and dispose of the Shares directly beneficially owned by Jumana Capital.

**(c)**
The transactions in securities of the Issuer by the Reporting Persons during the past 60 days are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted therein.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

On June 6, 2025, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

### 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.

**Reporting Person:** Jumana Capital Investments LLC

**Signature:** /s/ Christopher R. Martin

**Name/Title:** Christopher R. Martin, Manager

**Date:** 06/06/2025

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.

**Reporting Person:** Martin Christopher Ross

**Signature:** /s/ Christopher R. Martin

**Name/Title:** Christopher R. Martin

**Date:** 06/06/2025