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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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Collective Audience, Inc. |
(Name of Issuer) |
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
193939 105
(CUSIP Number)
Jeffrey Tirman
c/o Abri Ventures I, LLC
3411 Silverside Road, Tatnall Bldg. #104
Wilmington, DE 19810
Tel: (424) 732-1021
With a copy to:
Laura Anthony, Esq.
Anthony, Linder & Cacomanolis, PLLC
1700 Palm Beach Lakes Blvd., Suite 820
West Palm Beach, FL 33401
Tel: (561) 514-0936
(Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications)
April 8, 2024 |
(Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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).
CUSIP No. 193939 105
1 | NAMES OF REPORTING PERSON
Abri Ventures I, LLC | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ |
3 | SEC USE ONLY
| |
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
| ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
513,078(1) |
8 | SHARED VOTING POWER
0 | |
9 | SOLE DISPOSITIVE POWER
513,078(1) | |
10 | SHARED DISPOSITIVE POWER
0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,078(1) | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.74%(1) | |
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
(1) Based on 13,726,810 shares of Common Stock outstanding as set forth in the Prospectus of the Company filed pursuant to Rule 424(b)(3), as filed with the Commission on March 8, 2024.
2 |
CUSIP No. 193939 105
1 | NAMES OF REPORTING PERSON
Abri Advisors Inc. | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ |
3 | SEC USE ONLY
| |
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
| ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
513,078(1) |
8 | SHARED VOTING POWER
0 | |
9 | SOLE DISPOSITIVE POWER
513,078(1) | |
10 | SHARED DISPOSITIVE POWER
0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,078(1) | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.74%(1) | |
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
(1) Based on 13,726,810 shares of Common Stock outstanding as set forth in the Prospectus of the Company filed pursuant to Rule 424(b)(3), as filed with the Commission on March 8, 2024.
3 |
CUSIP No. 193939 105
1 | NAMES OF REPORTING PERSON
Jeffrey Tirman | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☒ |
3 | SEC USE ONLY
| |
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
| ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER
513,078(1) |
8 | SHARED VOTING POWER
0 | |
9 | SOLE DISPOSITIVE POWER
513,078(1) | |
10 | SHARED DISPOSITIVE POWER
0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,078(1) | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ☐ |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.74%(1) | |
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
(1) Based on 13,726,810 shares of Common Stock outstanding as set forth in the Prospectus of the Company filed pursuant to Rule 424(b)(3), as filed with the Commission on March 8, 2024.
4 | |||
Entities: |
| Abri Ventures – Delaware, U.S.A. Abri Advisors – Delaware, U.S.A. |
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Individuals: |
| Jeffrey Tirman – Switzerland |
5 |
Item 3. Source and Amount of Funds or Other Consideration
N/A
Item 4. Purpose of Transaction
The Reporting Persons disposed of the Common Stock described in Item 5 for liquidity and market purposes. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of the Common Stock at prices that would make the purchase or sale of the Common Stock desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of the Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. Except for the above, none of the Reporting Persons has any present plan or proposal which relates to, or could result in, any of the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. However, the Reporting Persons will continue to review the business of the Issuer and, depending upon one or more of the factors referred to above, may in the future propose that the Issuer take one or more such actions.
Item 5. Interest in Securities of the Issuer
(a) - (b) The following disclosure is 13,726,810 shares of Common Stock outstanding as set forth in the Prospectus of the Company filed pursuant to Rule 424(b)(3), as filed with the Commission on March 8, 2024.
As of the date of this filing, the Reporting Person may be deemed to be the beneficial owner of 513,078 shares of Common Stock.
(c) Except for the sale of shares of Common Stock as disclosed in the Form 4 filed as of April 10, 2024 as well as the sale of 200,000 shares of Common Stock on April 19, 2024 at $0.40 per share and 300,000 shares of Common Stock on April 22, 2024 at $0.30 per share, the Reporting Person has not effectuated any transactions during the past 60 days in any shares of Common Stock.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
N/A
Item 7. Material to Be Filed as Exhibits
Exhibit No. |
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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.
Dated: April 23, 2024
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| ABRI VENTURES I, LLC
By: Abri Advisors Inc., Manager of Abri Ventures I, LLC |
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| /s/ Jeffrey Tirman |
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| Signature |
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| Jeffrey Tirman, Chief Executive Officer |
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| Name/Title |
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| ABRI ADVISORS, INC. |
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| /s/ Jeffrey Tirman |
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| Signature |
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| Jeffrey Tirman, Chief Executive Officer |
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| Name/Title |
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| JEFFREY TIRMAN |
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| /s/ Jeffrey Tirman |
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| Signature |
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| Jeffrey Tirman (Individually) |
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| Name/Title |
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7 |