Hitchcock Group Amends Minim Inc. 13D, Signals Ownership Change

TL;DR

**Major shareholder Jeremy Hitchcock just updated his stake in Minim, Inc., watch for potential stock movement.**

AI Summary

Jeremy P. Hitchcock and his associated entities, including Orbit Group LLC and Hitchcock Capital Partners, LLC, filed Amendment No. 23 to their Schedule 13D for Minim, Inc. on December 28, 2023. This amendment indicates a change in their beneficial ownership of Minim, Inc. common stock, $0.01 par value, which is important for investors as it signals a shift in the influence of a significant shareholder group. This matters to current or prospective shareholders because changes in major insider holdings can affect stock price and signal confidence (or lack thereof) in the company's future direction.

Why It Matters

This filing shows a significant shareholder group, led by Jeremy P. Hitchcock, has updated their stake in Minim, Inc., which can influence company strategy and investor sentiment.

Risk Assessment

Risk Level: medium — Changes in significant insider holdings can introduce uncertainty or signal potential shifts in company control or strategy, leading to stock volatility.

Analyst Insight

Investors should monitor subsequent filings from the Hitchcock group to understand the nature and extent of their ownership changes and assess potential implications for Minim, Inc.'s governance and stock performance.

Key Players & Entities

• Jeremy P. Hitchcock (person) — filing person and group member
• MINIM, INC. (company) — subject company (issuer)
• Orbit Group LLC (company) — group member and contact for notices
• Hitchcock Capital Partners, LLC (company) — group member
• ELIZABETH CASH HITCHCOCK (person) — group member
• SLINGSHOT CAPITAL, LLC (company) — group member
• ZULU HOLDINGS LLC (company) — group member
• $0.01 (dollar_amount) — par value of common stock

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securitie

Filing Documents

• ea190461-13da23hitchco_minim.htm (SC 13D/A) — 119KB
• ea190461ex99-2_minim.htm (EX-99.2) — 48KB
• 0001213900-23-100205.txt ( ) — 168KB

Purpose of Transaction

Item 4. Purpose of Transaction

of the Schedule 13D is amended and supplemented by the addition

Item 4 of the Schedule 13D is amended and supplemented by the addition of the following at the end of Item 4: On December 28, 2023, the Issuer, Mr. David Elliot Lazer, an individual (the “Proxy”), and each of Mr. Jeremy P. Hitchcock, an individual, Orbit Group LLC, Hitchcock Capital Partners, LLC, Zulu Holdings, LLC, Slingshot Capital, LLC, affiliates of Jeremy Hitchcock, and Elizabeth Cash Hitchcock, an individual (the “Stockholders”), entered into a Voting Agreement (the “Voting Agreement”) with respect to a proposed securities purchase agreement (the “SPA”) under negotiation by the Issuer and the Proxy for the sale of shares of a newly designated series of convertible preferred stock of the Issuer. Upon execution of the Voting Agreement, it will be placed in escrow with counsel to the Proxy, until the complete execution and effectiveness of the SPA by the Issuer and the Proxy, at which time the Voting Agreement will be released from escrow to the benefit of the Proxy (the “ Proxy Effective Date ”). Upon and following the Proxy Effective date, the Voting Agreement will govern the vote of the 1,447,867 shares of Common Stock, representing the aggregate voting interest of the Stockholders taken as a whole as of the signature date, as well as any additional shares of Common Stock which may be acquired by the Stockholders until the expiration of the Voting Agreement by the Proxy with respect to any and all matters concerning a shareholder vote with respect to actions to be taken pursuant to the proposed terms of the draft SPA, including but not limited to (a) effecting a reverse stock split of the Common Stock of the Issuer; (b) increasing the authorized shares of Preferred Stock of the Issuer and (c) electing new members to the board of directors as may be appointed by the Proxy. The Stockholders agree and covenant that at any meeting of the shareholders of the Issuer and/ or in connection with any corpora

Contracts, Arrangements, Understandings or Relationships with Respect

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The information set forth in Item 4 is incorporated herein by reference.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits Exhibit 99.1 Joint Filing Agreement among Jeremy P. Hitchcock, Elizabeth Cash Hitchcock, Orbit Group LLC, Hitchcock Capital Partners, LLC, Zulu Holdings LLC and Slingshot Capital, LLC dated as of December 8, 2023 (incorporated by reference to Exhibit 99.1 to Amendment No. 22 to Schedule 13D filed on December 11, 2023. Exhibit 99.2 V oting Agreement, dated as of December 28, 2023, by and among Minim, Inc., David Elliot Lazar, Jeremy P. Hitchcock, Elizabeth Cash Hitchcock, Orbit Group LLC, Hitchcock Capital Partners, LLC, Zulu Holdings LLC and Slingshot Capital, LLC. 8 Signature After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 29, 2023 /s/ Jeremy P. Hitchcock Jeremy P. Hitchcock /s/ Elizabeth Cash Hitchcock Elizabeth Cash Hitchcock Orbit Group LLC By: /s/ Jeremy P. Hitchcock Name: Jeremy P. Hitchcock Title: Manager Hitchcock Capital Partners, LLC By: Orbit Group LLC, its Manager By: /s/ Jeremy P. Hitchcock Name: Jeremy P. Hitchcock Title: Manager Zulu Holdings LLC By: Orbit Group LLC, its Manager By: /s/ Jeremy P. Hitchcock Name: Jeremy P. Hitchcock Title: Manager Slingshot Capital, LLC By: Orbit Group LLC, its Manager By: /s/ Jeremy P. Hitchcock Name: Jeremy P. Hitchcock Title: Manager 9

View Full Filing

View this SC 13D/A filing on SEC EDGAR