Ben Andrews Discloses 5.0% Stake in LiqTech International (LIQT)
Ticker: LIQT · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 1307579
| Field | Detail |
|---|---|
| Company | Liqtech International INC (LIQT) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, beneficial-ownership, individual-investor
TL;DR
**Ben Andrews just bought 5% of LiqTech (LIQT), a big individual bet.**
AI Summary
Ben Andrews, an individual investor from the United States, has reported beneficial ownership of 400,000 shares of LiqTech International, Inc. (LIQT) Common Stock as of December 31, 2023. This represents 5.0% of the company's outstanding shares, triggering an SC 13G filing. This matters to investors because a significant individual stake can signal confidence in the company's future, but it also means a single person holds a notable voting block.
Why It Matters
This filing reveals a new significant individual shareholder, Ben Andrews, who now owns 5.0% of LiqTech International, Inc., indicating a notable personal investment in the company's future.
Risk Assessment
Risk Level: low — The filing indicates a new significant shareholder, which is generally a neutral to positive event, posing low risk.
Analyst Insight
Investors should note the emergence of a new significant individual shareholder, Ben Andrews, holding 5.0% of LiqTech International. While not an activist stake, it's a substantial personal investment that could signal confidence or potential future influence. Monitor subsequent filings for any changes in his position.
Key Numbers
- 400,000 — Shares Beneficially Owned (Represents the total number of LiqTech International shares Ben Andrews controls.)
- 5.0% — Percentage of Class (Indicates the proportion of LiqTech International's common stock owned by Ben Andrews, triggering the 13G filing requirement.)
Key Players & Entities
- Ben Andrews (person) — reporting person and beneficial owner
- LiqTech International, Inc. (company) — subject company (issuer)
- 400,000 shares (dollar_amount) — shares beneficially owned
- 5.0% (dollar_amount) — percentage of class owned
- December 31, 2023 (date) — date of event requiring filing
Forward-Looking Statements
- Ben Andrews will maintain his stake in LiqTech International for the foreseeable future. (Ben Andrews) — medium confidence, target: Q4 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Ben Andrews, an individual from the United States, as stated in Item 1 and Item 4 of the filing.
What is the subject company of this filing?
The subject company is LiqTech International, Inc., identified by the CUSIP Number 53632A300 and listed as the 'Name of Issuer' on the Schedule 13G.
How many shares of LiqTech International, Inc. Common Stock does Ben Andrews beneficially own?
Ben Andrews beneficially owns 400,000 shares of Common Stock, as reported in Item 9 of the filing's cover page and confirmed in Item 5 and Item 7.
What percentage of LiqTech International, Inc.'s class of securities does Ben Andrews own?
Ben Andrews owns 5.0% of the class of securities, as indicated in Item 11 of the filing's cover page.
What was the date of the event that required this SC 13G filing?
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 Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 4, 2024 by Ben Andrews regarding LIQTECH INTERNATIONAL INC (LIQT).