ADA Partners Files 13D for CVD Equipment Corp

TL;DR

**ADA Partners just filed a 13D on CVD Equipment Corp. Big ownership change incoming.**

AI Summary

On May 28, 2024, ADA PARTNERS, L.P. and ADA PARTNERS GP, LLC filed a Schedule 13D for CVD EQUIPMENT CORP. The filing indicates a change in beneficial ownership, though specific share counts and dollar amounts are not detailed in this excerpt. The filing was made by individuals associated with ADA PARTNERS.

Why It Matters

This filing signals a significant change in ownership or control for CVD Equipment Corp, potentially impacting its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

Key Players & Entities

• ADA PARTNERS GP, LLC (company) — Filing entity
• ADA PARTNERS, L.P. (company) — Filing entity
• CVD EQUIPMENT CORP (company) — Subject company
• ADAM W. FINERMAN, ESQ. (person) — Authorized person to receive notices
• BAKER HOSTETLER LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $6,450,000 — ctly owned by Partners is approximately $6,450,000, including brokerage commissions. Andre

Filing Documents

• tm2415448d1_sc13d.htm (SC 13D) — 88KB
• tm2415448d1_ex99-1.htm (EX-99.1) — 12KB
• 0001104659-24-066057.txt ( ) — 101KB

Security and Issuer

Item 1. Security and Issuer. This Schedule 13D (the “ Statement ”) relates to the Common Stock, par value $0.01 per share (the “ Shares”) of CVD Equipment Corporation (the “ Issuer ”), whose principal executive offices are located at 355 South Technology Drive, Central Islip, New York 11722.

Identity

Item 2. Identity and Background. (a) Name of Person Filing: Andrew Africk, ADA Partners, L.P. (“ Partners ”) and ADA Partners GP, LLC (“ GP ”, and together the “ Reporting Persons ” and each a “ Reporting Person ”). GP is a Delaware limited liability company, and the general partner of Partners, a Delaware limited partnership. Andrew Africk, is the sole member and manager of GP. (b) Address of Principal Business Office for each of the Reporting Persons: c/o Searay Capital 111 West 67th Street New York, NY 10023 (c) Andrew Africk is a private investor and newly appointed member of the board of directors of the Issuer (the “ Board ”). T he principal business of Partners is investing in securities. The principal business of GP is serving as the general partner of Partners. (d)-(e) None of the Reporting Persons have, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a 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) Citizenship of Andrew Africk: United States of America.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration . The securities of the Issuer purchased by Partners were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 1,294,388 Shares directly owned by Partners is approximately $6,450,000, including brokerage commissions. Andrew Africk, as the sole member and manager of GP, the general partner of Partners, may be deemed to beneficially own the 1,294,388 Shares beneficially owned by GP as a result of being the general partner of Partners. Item 4. Purpose of Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. Effective on May 28, 2024, Mr. Africk was appointed to the Board. In his capacity as a member of the Board, Mr. Africk has engaged and will continue to engage in discussions with management, the Board, stockholders and/or other relevant parties regarding the business, operations, strategy, plans and prospects of the Issuer. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Repo

Interest

Item 5. Interest in Securities of the Issuer . (a) The percentages used herein are calculated based upon an aggregate of 6,824,511 Shares outstanding as of May 10, 2024 as reflected in the Issuer’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on May 13, 2024. A. Andrew Africk a) As of the close of business on May 29, 2024, Andrew Africk beneficially owned 1,294,388 Shares. Percentage: Approximately 18.97% b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,294,388 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,294,388 B. ADA Partners, L.P. a) As of the close of business on May 29, 2024, ADA Partners, L.P. beneficially owned 1,294,388 Shares. Percentage: Approximately 18.97% b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,294,388 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,294,388 C. ADA Partners GP, LLC a) As of the close of business on May 29, 2024, GP beneficially owned 1,294,388 Shares. Percentage: Approximately 18.97% b) 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,294,388 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,294,388 The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial Shares that he or it does not directly own. c) Transactions in the Shares effected by the Reporting Persons during the past sixty days are set forth in Schedule A and are incorporated herein by reference. d) No person other than the Reporting Persons

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits . 99.1 Joint Filing Agreement, dated May 29, 2024.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 29, 2024 /s/ Andrew Africk Andrew Africk Dated: May 29, 2024 ADA PARTNERS, L.P. By: ADA Partners GP, LLC, its general partner By: /s/ Andrew Africk Name: AndrewAfrick Title: Manager Dated: May 29, 2024 ADA PARTNERS GP, LLC By: /s/ Andrew Africk Name: AndrewAfrick Title: Manager

View Full Filing

View this SC 13D filing on SEC EDGAR