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.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 4)*
Under the Securities Exchange Act of 1934
Red Cat Holdings, Inc. |
(Name of Issuer) |
|
Common Stock, par value $0.001 per share |
(Title of Class of Securities) |
|
88732W109 |
(CUSIP Number) |
|
December 31, 2019 |
(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)
*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 and Exchange Act of 1934 (the “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).
CUSIP No. 88732W109 | 13G | Page 2 of 5 Pages |
1 | NAME OF REPORTING PERSONS | ||
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| Cavalry Fund I LP | ||
2 | CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP | ||
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(a) ☐ | ||
| (b) ☐ | ||
3 | SEC USE ONLY | ||
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4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
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| United States | ||
| 5 | SOLE VOTING POWER | |
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| 0 | |
NUMBER OF | 6 | SHARED VOTING POWER | |
SHARES |
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BENEFICIALLY |
| 514,739 (1) | |
OWNED BY | 7 | SOLE DISPOSITIVE POWER | |
EACH REPORTING |
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PERSON WITH |
| 0 | |
| 8 | SHARED DISPOSITIVE POWER | |
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| 514,739 (1) | |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
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| 514,739 (1) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ||
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☐ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
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| 3.0% (2) | ||
12 | TYPE OF REPORTING PERSON | ||
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OO | ||
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(1)
Consists of 514,739 shares of the Issuer’s common stock.
(2)
Based on 17,171,567 shares of common stock outstanding as of December 31, 2019.
CUSIP No. 88732W109 | 13G | Page 3 of 5 Pages |
Item 1. Security and Issuer.
| (a) | Name of Issuer: |
| (b) | Address of Issuer: |
The address of the principal executive offices of the Issuer is 607 Ponce de Leon Ave, Suite 407, San Juan, Puerto Rico.
Item 2. Identity and Background.
(a) | Name of Person Filing: |
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| The person filing this statement (the “Reporting Person”) is Cavalry Fund I LP. |
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(b) | Address of Principal Business Office or, if none, Residence: |
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| The address for the Reporting Person is 61 Kinderkamack Road, Woodcliff Lake, NJ 07677. |
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(c) | Citizenship or Place of Organization: |
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| United States |
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(d) | Title of Class of Securities: |
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| Common Stock, par value $0.001 per share (“Common Stock”). |
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(e) | CUSIP Number: |
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| 88732W109 |
Item 3.
Not applicable.
CUSIP No. 88732W109 | 13G | Page 4 of 5 Pages |
Item 4. Ownership.
| (a) | The information required by Items 4(a)-(c) is set forth in Rows (5)-(9) and Row (11) of the cover page and is incorporated herein by reference. |
| (b) | The percentage set forth on Row (11) of the cover page for the Reporting Person is based on 17,171,567 shares of Common Stock outstanding as of December 31, 2019. |
| (c) | Cavalry Fund I Management LLC is the general partner of the Reporting Person, and Thomas Walsh is the Manager of Cavalry Fund I Management LLC. As such, Cavalry Fund I Management LLC and Mr. Walsh may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) 514,739 shares of Common Stock. To the extent Mr. Walsh is deemed to beneficially own such shares, Mr. Walsh disclaims beneficial ownership of these securities for all other purposes. |
| (d) | As shown in Row 11 of the table above, as of December 31, 2019 the Reporting Person is a beneficial owner of less than 5% of the shares of the Issuer’s common stock outstanding. |
Item 5. | Ownership of 5 Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [X] |
Item 6. | Ownership of More than 5 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 or Control Person. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
Item 10. | Certifications.
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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.
CUSIP No. 88732W109 | 13G | Page 5 of 5 Pages |
SIGNATURES
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.
| Cavalry Fund I LP | |
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| By: | Cavalry Fund I Management LLC, General Partner |
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February 13, 2020 | By: | /s/ Thomas Walsh |
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| Thomas Walsh, Manager |