Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)
POLARITYTE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
731094108
(CUSIP Number)
August 18, 2022
(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(c)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following page(s)
Page 1 of 6 Pages
| CUSIP No. 731094108 | 13G | Page 2 of 6 Pages |
| 1. | NAMES OF REPORTING PERSON |
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | |
| Four Kids Investment Fund LLC | |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: |
| (a) ☐ | |
| (b) ☐ | |
| 3. | SEC USE ONLY |
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
| Florida | |
| 5. | SOLE VOTING POWER, NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON – None |
| 6. | SHARED VOTING POWER - 530,000 Shares (1) (2) |
| 7. | SOLE DISPOSITIVE POWER – None |
| 8. | SHARED DISPOSITIVE POWER – 530,000 Shares (1) (2) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON – 530,000 Shares (1) (2) |
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
7.97% (1) (2) | |
| 12. | TYPE OF REPORTING PERSON |
| CO |
| (1) | Based on 6,651,957 shares outstanding as of August 22, 2022. |
| (2) | Includes 265,000 shares of common stock held by Jonathan Honig individually and 265,000 shares of common stock held by Four Kids Investment Fund LLC. Jonathan Honig is the sole manager of Four Kids Investment Fund LLC and in such capacity holds voting and dispositive power over the securities held by Four Kids Investment Fund LLC. |
| CUSIP No. 731094108 | 13G | Page 3 of 6 Pages |
| 1. | NAMES OF REPORTING PERSON |
| S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | |
| Jonathan Honig | |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: |
| (a) ☐ | |
| (b) ☐ | |
| 3. | SEC USE ONLY |
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
| United States | |
| 5. | SOLE VOTING POWER, NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON – None |
| 6. | SHARED VOTING POWER - 530,000 Shares (1) (2) |
| 7. | SOLE DISPOSITIVE POWER – None |
| 8. | SHARED DISPOSITIVE POWER – 530,000 Shares (1) (2) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON – 530,000 Shares (1) (2) |
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 |
7.97% (1) (2) | |
| 12. | TYPE OF REPORTING PERSON |
| IN |
| (1) | Based on 6,651,957 shares outstanding as of August 22, 2022. |
| (2) | Includes 265,000 shares of common stock held by Jonathan Honig individually and 265,000 shares of common stock held by Four Kids Investment Fund LLC. Jonathan Honig is the sole manager of Four Kids Investment Fund LLC and in such capacity holds voting and dispositive power over the securities held by Four Kids Investment Fund LLC. |
| CUSIP No. 731094108 | 13G | Page 4 of 6 Pages |
ITEM 1 (a) NAME OF ISSUER:
PolarityTE, Inc., a Delaware corporation
ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
123 Wright Brothers Drive, Salt Lake City, Utah 84116
ITEM 2 (a) NAME OF PERSON FILING:
The statement is filed on behalf of Four Kids Investment Fund LLC and Jonathan Honig (collectively, the “Reporting Persons”). Jonathan Honig is the sole manager of Four Kids Investment Fund LLC and in such capacity has voting and dispositive power over the securities held by such entity and may be deemed, directly or indirectly, to have beneficial ownership of all such shares of common stock.
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
5825 Windsor Court, Boca Raton, FL 33496
ITEM 2 (c) CITIZENSHIP:
Four Kids Investment Fund LLC is organized in the State of Florida and Jonathan Honig is a citizen of the United States.
ITEM 2 (d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.001 per share
ITEM 2 (e) CUSIP NUMBER:
731094108
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B):
Not applicable
ITEM 4 OWNERSHIP
The information required by Items 4(a) – (c) is set forth in rows (5) – (11) of the cover page for each of the Reporting Persons hereto, including footnotes, and is incorporated herein by reference for the Reporting Persons. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons is based on a total of 6,651,957 shares of Common Stock outstanding of the Issuer as of August 22, 2022. The information set forth in Rows (5) – (11) of the cover page for each of the Reporting Persons hereto is made as of August 18, 2022.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
| CUSIP No. 731094108 | 13G | Page 5 of 6 Pages |
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
Not applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP
Not applicable
| CUSIP No. 731094108 | 13G | Page 6 of 6 Pages |
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.
| August 23, 2022 | |
| (Date) | |
| /s/ Jonathan Honig | |
| (Signature) | |
| Jonathan Honig | |
| Sole Manager of Four Kids Investments Fund LLC | |
| (Name/Title) | |
| /s/ Jonathan Honig | |
| (Signature) | |
| Jonathan Honig, Individually | |
| (Name/Title) |