Chain of Lakes Amends Lantronix Stake

TL;DR

Chain of Lakes just updated their Lantronix filing - check the details!

AI Summary

Chain of Lakes Investment Fund, LLC has amended its Schedule 13D filing for Lantronix, Inc., reporting a change in beneficial ownership as of August 1, 2024. The filing indicates a shift in their holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. This amendment updates their previous filing from November 5, 2021.

Why It Matters

This amendment signals a potential change in the investment strategy or stake of Chain of Lakes Investment Fund, LLC in Lantronix, Inc., which could influence the stock's trading dynamics.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant shifts in major shareholder positions, potentially impacting stock price and corporate strategy.

Key Players & Entities

• Chain of Lakes Investment Fund, LLC (company) — Filing entity
• Lantronix, Inc. (company) — Subject company
• Timothy O’Connell (person) — Authorized contact person
• November 5, 2021 (date) — Date of previous event requiring filing
• August 1, 2024 (date) — Date as of change

FAQ

Key Financial Figures

• $0.0001 — 0,182 shares of common stock, par value $0.0001 per share, outstanding as of April 25,
• $4,100,001 — Common Stock acquired was approximately $4,100,001 (including brokerage commissions and tr

Filing Documents

• fp0089488-1_sc13da.htm (SC 13D/A) — 70KB
• 0001398344-24-013515.txt ( ) — 71KB

to this Schedule 13D. Mr. Woodruff disclaims beneficial ownership of the Common Shares owned by COLIF

Item 2 to this Schedule 13D. Mr. Woodruff disclaims beneficial ownership of the Common Shares owned by COLIF. (2) Percentage calculated based on 37,580,182 shares of common stock, par value $0.0001 per share, outstanding as of April 25, 2024, as reported in the Form 10-Q for the quarterly period ended March 31, 2024, of Lantronix, Inc. SCHEDULE 13D EXPLANATORY NOTE This Amendment No. 1 to Schedule 13D (this “Amendment No. 1”) amends and supplements, as set forth below, the information contained in Items 1, 2, 3, 5, and 7 of the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on December 24, 2019 (the “Original Schedule 13D”) by Chain of Lakes Investment Fund, LLC, a Delaware limited liability company (“COLIF”) and Christopher B. Woodruff (each a “Reporting Person”), with respect to shares of common stock, $0.0001 par value per share (the “Common Stock”), of Lantronix, Inc., a Delaware corporation (the “Issuer”). This Amendment No. 1 is being filed to reflect a reduction in the Reporting Persons’ beneficial ownership of more than 1% of the Issuer’s outstanding Common Stock, resulting from an increase in the outstanding shares of Common Stock of the Issuer. Such reduction in the Reporting Persons’ beneficial ownership of more than 1% of the Issuer’s outstanding Common Stock was calculated based on 29,744,040 shares of Common Stock outstanding as of November 5, 2021, as reported in the Form 10-Q for the quarterly period ended September 30, 2021, of the Issuer. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D. Capitalized terms used but not defined in this Amendment No. 1 shall have the same meanings ascribed to them in the Original Schedule 13D. Item 1. Security and Issuer This

View Full Filing

View this SC 13D/A filing on SEC EDGAR