AJB Capital Investments Discloses 9.99% Stake in Resonate Blends
Ticker: KOAN · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 897078
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-disclosure
TL;DR
**AJB Capital Investments holds 9.99% of Resonate Blends as of year-end 2023.**
AI Summary
AJB Capital Investments LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on January 25, 2024, disclosing its ownership in Resonate Blends, Inc. (formerly Textmunication Holdings, Inc.). The filing indicates that as of December 31, 2023, AJB Capital Investments LLC beneficially owned 1,000,000 shares of Resonate Blends' Common Stock, representing 9.99% of the company's outstanding shares. This matters to investors because it shows a significant institutional holder's current stake, which can influence stock stability and investor confidence.
Why It Matters
This filing reveals a significant institutional investor's current ownership percentage, which can signal confidence or a potential shift in their investment strategy for Resonate Blends.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and indicates a stable, significant ownership stake by an institutional investor, which generally reduces uncertainty.
Analyst Insight
An investor should note this significant institutional ownership as a potential indicator of long-term interest, but also monitor future filings for any changes in AJB Capital Investments LLC's stake, which could signal a shift in their outlook on Resonate Blends.
Key Numbers
- 1,000,000 — Shares Beneficially Owned (AJB Capital Investments LLC's total shares in Resonate Blends, Inc.)
- 9.99% — Percentage of Class (AJB Capital Investments LLC's ownership stake in Resonate Blends, Inc.)
- December 31, 2023 — Event Date (The date as of which the ownership percentage was calculated.)
Key Players & Entities
- AJB Capital Investments LLC (company) — reporting person and beneficial owner
- Resonate Blends, Inc. (company) — subject company (issuer)
- Textmunication Holdings, Inc. (company) — former name of Resonate Blends, Inc.
- 1,000,000 shares (dollar_amount) — number of shares beneficially owned by AJB Capital Investments LLC
- 9.99% (dollar_amount) — percentage of class beneficially owned by AJB Capital Investments LLC
- December 31, 2023 (date) — date of event requiring the filing
- January 25, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- AJB Capital Investments LLC will maintain a significant stake in Resonate Blends, Inc. for the foreseeable future. (AJB Capital Investments LLC) — medium confidence, target: December 31, 2024
- The 9.99% ownership by AJB Capital Investments LLC will provide a level of stability to Resonate Blends' stock. (Resonate Blends, Inc.) — medium confidence, target: June 30, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is AJB Capital Investments LLC, as stated on the cover page and Item 1 of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Resonate Blends, Inc., as identified on the cover page of the Schedule 13G.
How many shares of Common Stock does AJB Capital Investments LLC beneficially own in Resonate Blends, Inc. as of the event date?
As of December 31, 2023, AJB Capital Investments LLC beneficially owns 1,000,000 shares of Common Stock in Resonate Blends, Inc., as indicated in the filing's summary of beneficial ownership.
What percentage of the class of securities does AJB Capital Investments LLC beneficially own?
AJB Capital Investments LLC beneficially owns 9.99% of the class of securities, specifically the Common Stock of Resonate Blends, Inc., as detailed in the filing.
What was the date of the event which required the filing of this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the Schedule 13G.
Filing Stats: 1,246 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-01-25 16:03:18
Key Financial Figures
- $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
Filing Documents
- sc_13g.htm (SC 13G/A) — 41KB
- 0001161697-24-000053.txt ( ) — 43KB
STATEMENT FILED PURSUANT TO RULE 13D-1(B)
ITEM 3. STATEMENT FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C) Not applicable.
OWNERSHIP
ITEM 4. OWNERSHIP The information contained in Items 5-9 and 11 of the cover pages of this Schedule 13G is hereby incorporated by reference into this Item 4. AJB Capital Investments LLC (“AJB Investments”) is the direct Issuer’s Shares, and has the sole power to vote and dispose of such securities. - 4 - AJB Capital Managers LLC (“AJB Managers”), in its capacity as the Manager of AJB Investments, has the ability to direct the management of the business of AJB Investments including the power to vote and dispose of securities beneficially owned by AJB Investments; therefore, AJB Managers may be deemed to have indirect beneficial ownership of the Shares held by AJB Investments. AJB Managers is managed by a board of managers (the “Board of Managers”) which operates by majority vote such that no individual member of the Board of Managers has voting or dispositive control over the Shares. Each individual constituting the Board of Managers therefore expressly disclaims beneficial ownership of these securities. Pursuant to Rule 13d-4 of the Exchange Act, the Reporting Persons declare that filing this Schedule 13G shall not be construed as an admission that any such person is, for the purposes of Section 13(d) and/or Section 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Schedule 13G except to the extent of such person’s pecuniary interest in the Units, and except to the extent of its pecuniary interest, such beneficial ownership is expressly disclaimed by each Reporting Person. All calculations of percentage ownership herein are based on 86,623,596 Shares outstanding as of November 20, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 20, 2023.
OWNERSHIP OF FIVE PERCENT OR LESS OF
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
OWNERSHIP OF MORE THAN FIVE PERCENT ON
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable.
IDENTIFICATION AND CLASSIFICATION OF
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON Not applicable.
IDENTIFICATION AND CLASSIFICATION OF
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. - 5 -
NOTICE OF DISSOLUTION OF GROUP
ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable.
CERTIFICATION
ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the undersigned’s knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 25, 2024 AJB CAPITAL INVESTMENTS LLC By: AJB Capital Managers LLC, its Manager By: /s/ Ari Blaine, Authorized Manager AJB CAPITAL MANAGERS LLC By: /s/ Ari Blaine, Authorized Manager INDEX TO EXHIBITS Exhibit 99.1 Joint Filing Agreement , incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons on March 20, 2023. - 6 -