Topline Capital Maintains Significant Stake in Intellicheck (IDN)
Ticker: IDN · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1040896
| Field | Detail |
|---|---|
| Company | Intellicheck, Inc. (IDN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Topline Capital still owns a big chunk of Intellicheck, signaling confidence.**
AI Summary
Topline Capital Management, LLC, a California-based investment firm, filed an amended Schedule 13G/A on February 12, 2024, indicating its ownership of Intellicheck, Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant stake in Intellicheck, Inc. (NASDAQ: IDN). For investors, this matters because it signals that a professional investment firm maintains a substantial, passive interest in the company, which can be seen as a vote of confidence in Intellicheck's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, Topline Capital Management, LLC, continues to hold a significant position in Intellicheck, Inc., suggesting they see ongoing value in the company.
Risk Assessment
Risk Level: low — This filing is an update on passive ownership and does not indicate any immediate negative or positive risk, but rather a stable institutional holding.
Analyst Insight
Investors should note that a significant institutional investor continues to hold Intellicheck stock, which could be a positive signal, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Numbers
- 45817G201 — CUSIP Number (Identifies Intellicheck, Inc. Common Stock)
- December 31, 2023 — Date of Event (The date as of which the ownership information is reported)
- February 12, 2024 — Filing Date (The date the amended Schedule 13G/A was filed with the SEC)
- 005-57779 — SEC File Number (Unique identifier for Intellicheck, Inc.'s SEC filings)
Key Players & Entities
- Topline Capital Management, LLC (company) — reporting person and investment firm
- Intellicheck, Inc. (company) — subject company whose securities are being reported
- COLLIN MCBIRNEY (person) — group member associated with the filing
- TOPLINE CAPITAL PARTNERS, LP (company) — group member associated with the filing
- 06 Technology (company) — organization name associated with Intellicheck, Inc.
Forward-Looking Statements
- Topline Capital Management, LLC will likely maintain a significant, passive stake in Intellicheck, Inc. for the foreseeable future. (Topline Capital Management, LLC) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Topline Capital Management, LLC, located at 544 Euclid Street, Santa Monica, CA 90402.
What is the subject company whose securities are being reported?
The subject company is Intellicheck, Inc., with its business address at 200 Broadhollow Road, Suite 207, Melville, NY 11747.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, $0.001 par value, of Intellicheck, Inc. is 45817G201.
What was the 'Date of Event Which Requires Filing of Statement'?
The 'Date of Event Which Requires Filing of Statement' was December 31, 2023, indicating the ownership position as of that date.
Filing Stats: 1,224 words · 5 min read · ~4 pages · Grade level 14.9 · Accepted 2024-02-12 12:32:00
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
Filing Documents
- d771181dsc13ga.htm (SC 13G/A) — 57KB
- d771181dex99a.htm (EX-99.A) — 5KB
- 0001193125-24-031579.txt ( ) — 64KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Dated: February 12, 2024 TOPLINE CAPITAL MANAGEMENT, LLC By: /s/ Collin McBirney Collin McBirney Managing Member TOPLINE CAPITAL PARTNERS, LP By: Topline Capital Management, LLC, its general partner By: /s/ Collin McBirney Collin McBirney Managing Member COLLIN MCBIRNEY /s/ Collin McBirney 8 EXHIBIT LIST Exhibit A Joint Filing Undertaking