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
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 1) *
Under the Securities Exchange Act of 1934
NUZEE, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.00001 PER SHARE
(Title of Class of Securities)
[67073S307]
(CUSIP Number)
Xiang Zhang
Room 507-1, Building 2, No. 3, Liansheng Road,
Wuchang Street, Yuhang District,
Hangzhou City, Zhejiang Province, China
+86-18057577456
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 12, 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:
☐ 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 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. 67073S307
| 1. | NAMES OF REPORTING PERSONS
Xiang Zhang |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐ (b) ☐ |
| 3. | SEC USE ONLY
|
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
China |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
277,574 | |
| 6. | SHARED VOTING POWER
0 | ||
| 7. | SOLE DISPOSITIVE POWER
277,574 | ||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
277,574 |
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
|
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.37%1 |
| 12. | TYPE OF REPORTING PERSON (see instructions)
IN |
1 This percentage is calculated based on (i) 1,298,414 shares of common stock issued and outstanding as of May 22, 2024, as set forth in the Issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on May 24, 2024; (ii) 866,048 shares issued on June 7, 2024, as set forth in the Issuer’s Form 8-K filed with the Securities and Exchange Commission on June 10, 2024; (iii) 139,357 shares of common stock converted by Xiang Zhang on June 12, 2024; and (iv) a warrant exercisable to purchase 138,217 shares of common stock beneficially owned by the reporting person.
CUSIP No. 67073S307
Item 1.
| (a) | Name of Issuer
NUZEE, INC. | |
| (b) | Address of Issuer’s Principal Executive Offices
2865 Scott St. Suite 107, Vista, California 92081 |
Item 2.
| (a) | Name of Person Filing
Xiang Zhang | |
| ; | ||
| (b) | Address or principal business office or, if none, residence | |
Room 507-1, Building 2, No. 3, Liansheng Road, Wuchang Street, Yuhang District, Hangzhou City, Zhejiang Province, China. | ||
| (c) | Citizenship
China | |
| (d) | Title of Class of Securities
Common Stock | |
| (e) | CUSIP Number
67073S307 |
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) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | |
| (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ☐ | 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) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
CUSIP No. 67073S307
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.
| (a) | Amount beneficially owned:
See response to Item 9 on each cover page. | ||
| (b) | Percent of class:
See response to Item 11 on each cover page. | ||
| (c) | Number of shares as to which the person has: | ||
| (i) | Sole power to vote or to direct the vote.
See response to Item 5 on each cover page. | ||
| (ii) | Shared power to vote or to direct the vote.
See response to Item 6 on each cover page. | ||
| (iii) | Sole power to dispose or to direct the disposition of.
See response to Item 7 on each cover page. | ||
| (iv) | Shared power to dispose or to direct the disposition of.
See response to Item 8 on each cover page. | ||
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
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 ☐.
Instruction. Dissolution of a group requires a response to this item.
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 the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): | |
| 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. | ||
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(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. |
CUSIP No. 67073S307
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.
| Xiang Zhang | |
6/14/2024 | |
| Date | |
| /s/ Xiang Zhang | |
| Signature | |
| Xiang Zhang/Individual | |
|
Name/Title |