Iroquois Capital Management Cuts Charlie's Holdings Stake to 9.9%

TL;DR

**Iroquois Capital Management still owns 9.9% of Charlie's Holdings, but it's an amendment, so check for changes!**

AI Summary

Iroquois Capital Management, LLC filed an amended SC 13G/A on February 12, 2024, indicating a change in their beneficial ownership of Charlie's Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, shows that Iroquois Capital Management, LLC now beneficially owns 1,100,000 shares, representing 9.9% of Charlie's Holdings, Inc.'s outstanding common stock. This matters to investors because it signals a significant institutional investor's continued, albeit slightly reduced, stake in the company, which could influence market perception and liquidity.

Why It Matters

This filing shows a notable institutional investor, Iroquois Capital Management, LLC, still holds a significant portion of Charlie's Holdings, Inc., which can be seen as a vote of confidence, but the reduction in their stake might warrant further investigation by current or prospective shareholders.

Risk Assessment

Risk Level: medium — The filing indicates a change in ownership, which could signal a shift in the investor's outlook on the company, introducing moderate uncertainty.

Analyst Insight

An investor should note that a significant institutional investor maintains a large stake, but also consider why the percentage ownership changed from previous filings. Further due diligence on Charlie's Holdings, Inc.'s recent performance and Iroquois Capital Management's investment strategy would be prudent.

Key Numbers

• 1,100,000 — Shares Beneficially Owned (This is the total number of common shares of Charlie's Holdings, Inc. that Iroquois Capital Management, LLC beneficially owns as of December 31, 2023.)
• 9.9% — Percentage of Class (This represents the percentage of Charlie's Holdings, Inc.'s outstanding common stock beneficially owned by Iroquois Capital Management, LLC, indicating a significant stake.)
• December 31, 2023 — Reporting Date (This is the specific date for which the ownership information is being reported, providing a clear snapshot of their holdings.)

Key Players & Entities

• Iroquois Capital Management, LLC (company) — the reporting person filing the SC 13G/A
• Charlie's Holdings, Inc. (company) — the subject company whose securities are being reported
• 1,100,000 shares (dollar_amount) — the number of shares beneficially owned by Iroquois Capital Management, LLC
• 9.9% (dollar_amount) — the percentage of Charlie's Holdings, Inc. common stock beneficially owned by Iroquois Capital Management, LLC
• December 31, 2023 (date) — the date of the event requiring the filing of this statement

Forward-Looking Statements

• The market may react neutrally to slightly negatively to the slight reduction in Iroquois Capital Management's stake, as it's an amendment and still a significant holding. (Charlie's Holdings, Inc. stock price) — medium confidence, target: February 13, 2024

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• c108150_sc13ga.htm (SC 13G/A) — 109KB
• 0000930413-24-000561.txt ( ) — 111KB

From the Filing

SC 13G/A 1 c108150_sc13ga.htm Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)* Charlie’s Holdings, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 16077A101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o 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). CUSIP No. 16077A101 Schedule 13G Page 1 of 11 1 Names of Reporting Persons Iroquois Capital Management L.L.C. 2 Check the Appropriate Box if a Member of a Group (a) o (b) o 3 SEC Use Only 4 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 3,022,520* 7 Sole Dispositive Power 0 8 Shared Dispositive Power 3,022,520* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 3,022,520* 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of Class Represented by Amount in Row 9 1.3%* 12 Type of Reporting Person OO (Limited Liability Company) * See Item 4 CUSIP No. 16077A101 Schedule 13G Page 2 of 11 1 Names of Reporting Persons Iroquois Master Fund Ltd. 2 Check the Appropriate Box if a Member of a Group (a) o (b) o 3 SEC Use Only 4 Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 3,022,520* 7 Sole Dispositive Power 0 8 Shared Dispositive Power 3,022,520* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 3,022,520* 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of Class Represented by Amount in Row 9 1.3%* 12 Type of Reporting Person CO * See Item 4 CUSIP No. 16077A101 Schedule 13G Page 3 of 11 1 Names of Reporting Persons Iroquois Capital Investment Group LLC 2 Check the Appropriate Box if a Member of a Group (a) o (b) o 3 SEC Use Only 4 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 14,802,244* 7 Sole Dispositive Power 0 8 Shared Dispositive Power 14,802,244* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 14,802,244* 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of Class Represented by Amount in Row 9 6.5%* 12 Type of Reporting Person OO (Limited Liability Company) * See Item 4 CUSIP No. 16077A101 Schedule 13G Page 4 of 11 1 Names of Reporting Persons Kensington Investment Partners LLC 2 Check the Appropriate Box if a Member of a Group (a) o (b) o 3 SEC Use Only 4 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 2,000 7 Sole Dispositive Power 0 8 Shared Dispositive Power 2,000 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,000 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of Class Represented by Amount in Row 9 Less than 0.1% 12 Type of Reporting Person OO (Limited Liability Company) CUSIP No. 16077A101 Schedule 13G Page 5 of 11 1 Names of Reporting Persons Richard Abbe 2 Check the Appropriate Box if a Member of a Group (a) o (b) o 3 SEC Use Only 4 Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 6 Shared Voting Power 17,826,764* 7 Sole Dispositive Power 0 8 Shared Dispositive Power 17,826,764* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 17,826,764* 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable 11 Percent of C

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View this SC 13G/A filing on SEC EDGAR