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 13G
Under the Securities Exchange Act of 1934
Horizon Kinetics Holding Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
439913104
(CUSIP Number)
August 1, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| x | Rule 13d-1(b) |
| x | Rule 13d-1(c) |
| o | 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 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).
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
| CUSIP No. 439913104 | 13G | Page 2 of 8 Pages |
| 1. | names of reporting persons i.r.s. identification no. of above persons (entities only)
PRAETORIAN PR LLC
| |||||
| 2. | check the appropriate box if a group* | (a) x (b) o | ||||
| 3. | sec use only
| |||||
| 4. | citizenship or place of organization PUERTO RICO
| |||||
| number
of shares |
5. | sole voting power | 37,000 | |||
| beneficially owned by |
6. | shared voting power | 0 | |||
| each reporting |
7. | sole dispositive power | 37,000 | |||
| person with: | 8. | shared dispostive power | 0 | |||
| 9. | aggregate amount beneficially owned by each reporting person | 37,000 | ||||
| 10. | check box if the aggregate amount in row (9) excludes certain shares (See Instructions) | o | ||||
| 11. | percent of class represented by amount in row (9) | 0.20% | ||||
| 12. | type of reporting person (See Instructions) | IA | ||||
| CUSIP No. 439913104 | 13G | Page 3 of 8 Pages |
| 1. | names of reporting persons i.r.s. identification no. of above persons (entities only)
HARRIS KUPPERMAN
| |||||
| 2. | check the appropriate box if a group* | (a) x (b) o | ||||
| 3. | sec use only
| |||||
| 4. | citizenship or place of organization UNITED STATES OF AMERICA
| |||||
| number
of shares |
5. | sole voting power | 37,000 | |||
| beneficially owned by |
6. | shared voting power | 0 | |||
| each reporting |
7. | sole dispositive power | 37,000 | |||
| person with: | 8. | shared dispostive power | 0 | |||
| 9. | aggregate amount beneficially owned by each reportin g person | 37,000 | ||||
| 10. | check box if the aggregate amount in row (9) excludes certain shares (See Instructions) | o | ||||
| 11. | percent of class represented by amount in row (9) | 0.20% | ||||
| 12. | type of reporting person (See Instructions) | IN | ||||
| CUSIP No. 439913104 | 13G | Page 4 of 8 Pages |
| 1. | names of reporting persons i.r.s. identification no. of above persons (entities only)
PRAETORIAN CAPITAL FUND LLC
| |||||
| 2. | check the appropriate box if a group* | (a) x (b) o | ||||
| 3. | sec use only
| |||||
| 4. | citizenship or place of organization DELAWARE
| |||||
| number
of shares |
5. | sole voting power | 0 | |||
| beneficially owned by |
6. | shared voting power | 37,000 | |||
| each reporting |
7. | sole dispositive power | 0 | |||
| person with: | 8. | shared dispostive power | 37,000 | |||
| 9. | aggregate amount beneficially owned by each reporting person | 37,000 | ||||
| 10. | check box if the aggregate amount in row (9) excludes certain shares (See Instructions) | o | ||||
| 11. | percent of class represented by amount in row (9) | 0.20% | ||||
| 12. | type of reporting person (See Instructions) | OO | ||||
| CUSIP No. 439913104 | 13G | Page 5 of 8 Pages |
| Item 1. | |||||
| (a) Name of Issuer: | Horizon Kinetics Holding Corporation | ||||
| (b) Address of Issuer’s Principal Executive Offices: | 470 Park Avenue South New York, New York 10016 | ||||
| Item 2. | |||||
| (a) Name of Person Filing: | This Schedule 13G (the “Schedule”) is being filed with respect to shares of Class A Common Stock (as defined below) of Horizon Kinetics Holding Corporation (the “Issuer”) which are beneficially owned by Praetorian PR LLC (the “Advisor”), Praetorian Capital Fund LLC (the “Fund”), and Harris Kupperman (“Kupperman” and together with the Advisor and the Fund, collectively, the “Reporting Persons”). This Schedule amends the Reporting Persons’ Schedule 13G dated May 3, 2024 relating to the common stock of Scott’s Liquid-Gold-Inc. On August 1, 2024, the Issuer completed its previously announced merger in accordance with the terms and conditions of the Agreement and Plan of Merger, dated December 19, 2023, as amended by the First Amendment to the Agreement and Plan of Merger, dated May 10, 2024 (collectively, the “Merger Agreement”), by and among Scott’s Liquid Gold-Inc., a Colorado corporation (“Scott’s”), Horizon Kinetics LLC, a Delaware limited liability company (“Horizon Kinetics”), and HKNY One, LLC, a Delaware limited liability company and wholly owned subsidiary of Scott’s (“Merger Sub”). In accordance with the Merger Agreement, Merger Sub merged with and into Horizon Kinetics, with Horizon Kinetics surviving the merger as a wholly-owned subsidiary of the Issuer (the “Merger”). The Reporting Person’s received their shares of Class A Common Stock of the Issuer in the Merger in exchange for their shares of Scott’s. See Item 4 below. | ||||
| (b) Address of Principal Business Office or, if none, Residence: | Carr 429 Km 4.1, Bo. Barrero | ||||
|
(c) Citizenship: | The Advisor is organized in the Commonwealth of Puerto Rico. The Fund is a Delaware limited liability company. Kupperman is a United States Citizen. | |||
| (d) Title of Class of Securities: | Class A Common Stock | ||||
| (e) CUSIP Number: | 439913104 | ||||
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | ||
| (a) | o | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) | o | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) | o | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
| (d) | o | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | |
| (e) | x | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | o | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | o | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | o | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | o | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | o | Group, in accordance with §240.13d-1(b)(1)(ii)(J). | |
| CUSIP No. 439913104 | 13G | Page 6 of 8 Pages |
| Item 4. | Ownership. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
The Information required by Items 4(a) - (c) is set forth in Rows 5-11 of the cover page for each Reporting Person hereto and is incorporated by reference for each Reporting Person. The percentage ownership of the Reporting Persons is based on the 18,636,532 outstanding shares of Class A Common Stock of the Issuer, as disclosed in the Issuer’s periodic reports as of August 1, 2024. | |
| Item 5. | Ownership of Five 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 five percent of the class of securities, check the following: x.
| |
| 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 or Control Person. |
Not applicable. | |
| CUSIP No. 439913104 | 13G | Page 7 of 8 Pages |
| Item 8. | Identification and Classifi cation of Members of the Group. |
See Exhibit 2.
| |
| Item 9. | Notice of Dissolution of Group. |
Not applicable. | |
| Item 10. | Certification. |
| The following certification shall be included if the statement is filed pursuant to §240.13d-1(b) with respect to Praetorian PR LLC: | |
(a) |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. x |
| The following certification shall be included if the statement is filed pursuant to §240.13d-1(b) with respect to Praetorian Capital Fund LLC: | |
(b) |
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. x |
| The following certification shall be included if the statement is filed pursuant to §240.13d-1(c) with respect to Harris Kupperman: | |
| (c) | 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. x |
| CUSIP No. 439913104 | 13G | Page 8 of 8 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.
| October 11, 2024 | ||
| Date | ||
| Praetorian PR LLC | ||
| By: | /s/ Harris Kupperman | |
| Name: Harris Kupperman | ||
| Title: Owner | ||
| October 11, 2024 | ||
| Praetorian Capital Fund LLC | ||
| By: Praetorian Capital Management LLC, its manager | ||
| By: | /s/ Harris Kupperman | |
| Name: Harris Kupperman | ||
| Title: Owner | ||
| October 11, 2024 | ||
| Harris Kupperman | ||
| By: | /s/ Harris Kupperman | |
| Name: Harris Kupperman | ||
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
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 for whom copies are to be sent.
| Attention: | Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) |