Lazar Files SC 13D/A for Minim, Inc.
Ticker: FIEE · Form: SC 13D/A · Filed: Nov 15, 2024 · CIK: 1467761
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: MINM
TL;DR
Lazar updated his stake in Minim, Inc. (MINM) - watch for potential moves.
AI Summary
David E. Lazar, filing Amendment No. 3 to Schedule 13D on November 15, 2024, reports a change in beneficial ownership of Minim, Inc. common stock. The filing indicates a shift in control or investment strategy, though specific new holdings or transactions are not detailed in this excerpt. Lazar previously operated under the name Zoom Telephonics, Inc. before a name change on July 7, 2009.
Why It Matters
Schedule 13D filings signal significant changes in ownership for public companies, potentially impacting stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Numbers
- 3 — Amendment Number (Indicates this is the third amendment to the original filing.)
- 20241115 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- David E. Lazar (person) — Filing person and beneficial owner
- Minim, Inc. (company) — Subject company
- Zoom Telephonics, Inc. (company) — Former company name
- 0001829126-24-007598 (filing_id) — Accession number for the filing
FAQ
What is the specific change in beneficial ownership reported in Amendment No. 3?
The provided excerpt does not detail the specific changes in beneficial ownership, only that Amendment No. 3 is being filed.
What was the previous name of Minim, Inc.?
Minim, Inc. was formerly known as Zoom Telephonics, Inc.
When did the name change from Zoom Telephonics, Inc. to Minim, Inc. occur?
The name change occurred on July 7, 2009.
Who is authorized to receive notices and communications for this filing?
David E. Lazar is listed as the person authorized to receive notices and communications.
What is the CUSIP number for Minim, Inc. common stock?
The CUSIP number for Minim, Inc. common stock is 60365W102.
Filing Stats: 1,322 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-11-15 17:00:07
Key Financial Figures
- $0.01 — Inc . (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
- $0.001 — s Series A Convertible Preferred Stock, $0.001 par value per share (the “Series
- $2,800,000 — y the Reporting Person is approximately $2,800,000. In addition, the Reporting Person did
- $4,000,000 — ovember 2024 Purchase Agreement will be $4,000,000. If Closing 2 is exercised, the aggrega
- $500,000 — ovember 2024 Purchase Agreement will be $500,000. Within five business days following No
- $200,000 — 24, the Purchasers are required to wire $200,000 to the Reporting Person as an advance o
Filing Documents
- miniminc_sc13da.htm (SC 13D/A) — 40KB
- 0001829126-24-007598.txt ( ) — 42KB
of the Schedule 13D
Item 6 of the Schedule 13D. (3) Consists of (a) 25,000 shares of Common Stock directly beneficially owned by the Reporting Person, (b) 6,027,500 shares of Common Stock owned by the Reporting Person upon conversion of the shares of Series A Preferred Stock or exercise of the Warrants and (c) 1,447,867 shares of Common Stock which the Reporting Person shares voting power over pursuant to the Voting Agreement described in Item 6 of the Schedule 13D. 2 The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (“Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein. Item 3. Source and Amount of Funds or Other Consideration . Item 3 is hereby amended and restated as follows: 5,600,000 Shares were purchased by the Reporting Person with personal funds pursuant to a securities purchase agreement, dated as of January 23, 2024, by and between the Issuer and the Reporting Person, as further described in Item 6 of the Schedule 13D. On January 22, 2024, the Issuer granted the Reporting Person 25,000 Shares pursuant to the Issuer’s Non-Employee Directors Compensation Plan. In addition, on October 21, 2024, the Issuer granted the Reporting Person 305,357 shares of Series A Preferred Stock, which is convertible into 427,500 shares of Common Stock. The aggregate purchase price of the 6,052,500 Shares directly beneficially owned by the Reporting Person is approximately $2,800,000. In addition, the Reporting Person did not pay any consideration for the 1,447,867 Shares that the Reporting Person shares voting power over. The Reporting Person shares voting power of such Shares pursuant to the Voting Agreement, as further described in Item 6 of the Schedule 13D. Item 5. Interest in Securities of the Issuer . Item 5 (a)-(c) is hereby amended and restated as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 8,837,189 shares of Comm
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 15, 2024 /s/ David E. Lazar DAVID E. LAZAR 5