David E. Lazar Discloses Significant Stake in Minim, Inc.
Ticker: FIEE · Form: SC 13D · Filed: Jan 30, 2024 · CIK: 1467761
| Field | Detail |
|---|---|
| Company | Minim, INC. (FIEE) |
| Form Type | SC 13D |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $0.01, $0.001, $2,800,000, $1, $1.00 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: activist-investor, insider-ownership, corporate-governance
TL;DR
**Activist investor David E. Lazar just revealed a major stake in Minim, Inc., signaling potential shake-ups ahead!**
AI Summary
David E. Lazar, an individual investor, has filed an initial Schedule 13D on January 30, 2024, disclosing his acquisition of common stock in Minim, Inc. The filing indicates that the event triggering this disclosure occurred on January 23, 2024. This matters to investors because a 13D filing signals that Lazar has acquired more than 5% of Minim's shares and intends to influence or control the company, potentially leading to strategic changes or a proxy fight.
Why It Matters
This filing signals a potential activist investor taking a significant position in Minim, Inc., which could lead to demands for operational changes, board representation, or even a sale of the company. Investors should monitor Lazar's future actions closely.
Risk Assessment
Risk Level: medium — The involvement of an activist investor can introduce volatility and uncertainty, as their actions may or may not align with the interests of all shareholders.
Analyst Insight
A smart investor would closely monitor future filings from David E. Lazar and Minim, Inc. for details on Lazar's intentions and any potential strategic shifts, as this could significantly impact the company's direction and stock performance.
Key Players & Entities
- David E. Lazar (person) — reporting person and investor
- Minim, Inc. (company) — subject company of the filing
- January 23, 2024 (date) — date of event requiring filing
- January 30, 2024 (date) — filing date
- $0.01 (dollar_amount) — par value of common stock
Forward-Looking Statements
- David E. Lazar will seek board representation at Minim, Inc. (Minim, Inc.) — medium confidence, target: Within 6 months
- Minim, Inc.'s stock price will experience increased volatility due to activist involvement. (Minim, Inc.) — high confidence, target: Within 3 months
FAQ
Who is the reporting person in this SC 13D filing?
The reporting person is David E. Lazar, whose address is Villa 1, 14-43rd Street, Jumeirah 2, Dubai, United Arab Emirates.
What is the name of the issuer (subject company) in this filing?
The issuer is Minim, Inc., with a business address at 848 Elm Street, Manchester, NH 03101.
What is the CUSIP number for Minim, Inc.'s common stock?
The CUSIP number for Minim, Inc.'s Common Stock, $0.01 par value, is 60365W102.
When was the date of the event that required this Schedule 13D filing?
The date of the event which required the filing of this statement was January 23, 2024.
What is the par value of the class of securities reported in this filing?
The class of securities is Common Stock with a par value of $0.01.
Filing Stats: 3,280 words · 13 min read · ~11 pages · Grade level 14 · Accepted 2024-01-30 16:15:14
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
- $1 — referred Stock, at a price per share of $1.40, for an aggregate purchase price of
- $1.00 — Stock, with an exercise price equal to $1.00 per share, subject to adjustment therei
Filing Documents
- miniminc_sc13d.htm (SC 13D) — 57KB
- miniminc_ex99-1.htm (EX-99.1) — 55KB
- miniminc_ex99-3.htm (EX-99.3) — 4KB
- 0001829126-24-000567.txt ( ) — 118KB
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: January 30, 2024 /s/ David E. Lazar DAVID E. LAZAR 7