Sec Form 13D Filing - Goldenwise Capital Group Ltd filing for GEE GROUP INC (JOB) - 2023-11-22

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

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 14)*

GEE Group Inc.

(Name of Issuer)


Common Stock, no par value

(Title of Class of Securities)


36165A102

(CUSIP Number)


Huakun Ding

Goldenwise Capital Group Ltd.

Room 4463, Champion Tower, 3 Garden Road,

Central, Hong Kong

(86) 15800842157 

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

November 16, 2023

(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(b) 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).


Page 2

SCHEDULE 13D

CUSIP No.

36165A102


1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 

GoldenFuture Capital Investment Ltd.

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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
 

[   ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER
 

0

8

SHARED VOTING POWER
 

2,668,244

9

SOLE DISPOSITIVE POWER
 

0

10

SHARED DISPOSITIVE POWER
 

2,668,244

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 

2,668,244

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)
 

2.3%

14

TYPE OF REPORTING PERSON (See Instructions)
 

IV

       

Page 3

SCHEDULE 13D

CUSIP No.

36165A102


1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 

Goldenwise Capital Group Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 

(a)  [   ]
(b)  [   ]

3

SEC USE ONLY
 

 

4

SOURCE OF FUNDS (See Instructions)
 

AF, OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
 

[   ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Hong Kong

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER
 

0

8

SHARED VOTING POWER
 

5,602,562

9

SOLE DISPOSITIVE POWER
 

0

10

SHARED DISPOSITIVE POWER
 

5,602,562

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 

5,602,562

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)
 

4.9%

14

TYPE OF REPORTING PERSON (See Instructions)
 

OO

       

Page 4

SCHEDULE 13D

CUSIP No.

36165A102


1

NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 

Huakun Ding

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 

(a)  [   ]
(b)  [   ]

3

SEC USE ONLY
 

 

4

SOURCE OF FUNDS (See Instructions)
 

AF, OO

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
 

[   ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Chinese

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

7

SOLE VOTING POWER
 

0

8

SHARED VOTING POWER
 

5,602,562

9

SOLE DISPOSITIVE POWER
 

0

10

SHARED DISPOSITIVE POWER
 

5,602,562

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 

5,602,562

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)
 

4.9%

14

TYPE OF REPORTING PERSON (See Instructions)
 

IN

       

Page 5

Item 1. Security and Issuer

This Amendment No. 14 ("Amendment No. 14") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed by Goldenwise Capital Group Limited (the "Reporting Persons") on August 08, 2023, as amended by amendment 1 through 13 (as amended, the "Schedule 13D") relating to the common stock (the "Common Stock") of Gee Group Inc. (the "Issuer"), with its principal executive offices located at 7751 Belfort Parkway, Suite 150, Jacksonville, FL 32256.  Except as specifically amended and supplemented by this Amendment No. 14, all other provision of the Schedule 13D remain in full force and effect.  Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D.

Item 2. Identity and Background

(a) This Schedule 13D is being filed by:

(i) GoldenFuture Capital Investment Ltd, a Cayman Islands limited liability company ("GoldenFuture Fund");

(ii) Goldenwise Capital Group Ltd, a Hong Kong limited liability company ("Goldenwise"), which serves as the investment manager of GoldenFuture Fund and certain separately managed accounts (the "SMAs");

(iii) Huakun Ding, who serves as the founder and director of Goldenwise and GoldenFture Fund.

This Statement is being filed by Huakun Ding, the controlling member of Goldenwise, which manages GoldenFuture Fund and certain SMAs.

(b) The principal office or business address of the Fund and Goldenwise is Room 4463, Champion Tower, 3 Garden Road, Central, Hong Kong.

(c) The principal business of GoldenFuture Fund is investing in securities and engaging in all related activities and transactions. The principal business of Goldenwise, is serving as the investment manager of GoldenFuture Fund and certain SMAs. The principal occupation of Mr. Huakun Ding is serving as the CEO and Chief Investment Officer of Goldenwise.

(d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) GoldenFuture Fund is organized under the laws of the Cayman Islands. Huakun Ding is a citizen of China. Goldenwise Capital Group Ltd is organized under the laws of Hongkong.


Page 6

Item 4. Purpose of Transaction

The Reporting Persons will review their investments in the Common Stock from time to time, and, subject to applicable law and regulation and depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Common Stock or other securities related to the Issuer, and other general market and investment conditions, the Reporting Persons may determine to:

  • acquire additional Common Stock through open market purchases or otherwise;

  • sell Common Stock through the open market or otherwise; or

  • otherwise engage or participate in a transaction with the purpose or effect of changing or influencing the control of the Company.

Such transactions may take place at any time and without prior notice.  There can be no assurance, however, that any Reporting Person will take any such actions.

Since May 20, 2023, Goldenwise Capital Group has engaged, and intends to continue to engage, in discussions with management of the Issuer regarding opportunities to unlock value at the Issuer, including: Share Repurchase, Corporate Governance Improvement, Potential Selling of the Company.

Item 5. Interest in Securities of the Issuer

The aggregate percentage of the Issuer's outstanding shares of Common Stock reported owned by each Reporting Person is based on 114,450,455 shares of common stock outstanding at February 13, 2023, as reported by the Issuer on its Form 10-Q, filed with the United States Securities and Exchange Commission on February 14, 2023. Each Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock other than the shares owned directly and of record by such Reporting Person.

(a) Goldenwise Capital Group Ltd beneficially owns 5,602,562 shares of Common Stock, representing 4.9% of all the outstanding shares of Common Stock. The GoldenFuture Fund and certain SMAs are controlled by Goldenwise Capital Group. Therefore, Goldenwise Capital Group may be deemed to beneficially own (i) the 2,668,244 shares of Common Stock held by the GoldenFuture Fund, and (ii) the 2,934,318 shares of Common Stock held by the SMAs which are managed by Goldenwise Capital Group.

Mr. Ding, as the CEO of Goldenwise Capital Group may be deemed to beneficially own the 5,602,562 shares of Common Stock beneficially owned by Goldenwise Capital Group through the GoldenFuture Fund and certain SMAs, representing 4.9% of all the outstanding shares of Common Stock.

GoldenFuture Fund may be deemed to beneficially own 2,668,244 shares of Common Stock, representing 2.3% of all the outstanding shares of Common Stock. Goldenwise Capital Group may be deemed to beneficially own 2,934,318 shares of Common Stock which are held in SMAs, representing 2.6% of all the outstanding shares of Common Stock.

(b) Each of Goldenwise Capital Group and Mr. Ding may be deemed to have shared voting and dispositive power with respect to  (i) the 2,668,244 shares of Common Stock held by the GoldenFuture Fund, and (ii) the 2,934,318 shares of Common Stock held by the SMAs which are managed by Goldenwise Capital Group.     


Page 7

(c) Except as set forth on Schedule 1 hereto, the Reporting Persons have not entered into any transactions in the Common Stock during the past sixty days.

(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e) Not applicable.

 

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.

November 21, 2023

 

Dated

Goldenwise Capital Group Ltd.

GoldenFuture Capital Investment Ltd.

Huakun Ding

 

 

 

 

/s/ Huakun Ding  

Signature

 

   

Huakun Ding/ Director

 

Name/Title

 

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 this 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.

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).


Page 8

SCHEDULE A

Transaction in the Shares During the Past Sixty (60) Days

 

 

Goldenwise Capital Group

 

       
       

Date

Nature of Transaction

Amount of Shares

Average Price($) per Share

10/04/2023

Purchase of Common Stock

1900

0.559

10/31/2023

Sale of Common Stock

10,000

0.556

11/06/2023

Sale of Common Stock

3000

0.579

11/13/2023

Purchase of Common Stock

1000

0.55

11/14/2023

Sale of Common Stock

10,000

0.553

11/15/2023

Sale of Common Stock

10,000

0.541

11/16/2023

Sale of Common Stock

34,414

0.545

11/17/2023

Sale of Common Stock

40,444

0.541

11/20/2023

Sale of Common Stock

38,126

0.540

11/20/2023

Purchase of Common Stock

1000

0.5205

11/21/2023

Purchase of Common Stock

1100

0.539