IMA Value Amends RAVE Restaurant Group Stake on Dec 31, 2023

TL;DR

**IMA Value updated its RAVE Restaurant Group ownership, signaling a potential shift in their investment.**

AI Summary

IMA Value, L.L.P., an Israeli Limited Partnership, filed an amendment to its Schedule 13D on January 22, 2024, indicating a change in its beneficial ownership of RAVE RESTAURANT GROUP, INC. common stock as of December 31, 2023. This filing updates previous disclosures regarding their stake in the company. This matters to investors because significant changes in ownership by large institutional investors like IMA Value can signal shifts in confidence or strategic intent, potentially influencing the stock's perception and future performance.

Why It Matters

This filing signals a change in the beneficial ownership of RAVE RESTAURANT GROUP, INC. by a significant investor, which could indicate a shift in their investment strategy or outlook for the company.

Risk Assessment

Risk Level: medium — Changes in significant shareholder positions can introduce uncertainty or signal potential strategic shifts, which carries a medium level of risk for current and prospective investors.

Analyst Insight

Investors should monitor subsequent filings from IMA Value, L.L.P. to understand the nature and extent of their updated stake in RAVE RESTAURANT GROUP, INC., as this could signal a strategic move or change in investment thesis.

Key Players & Entities

• IMA Value, L.L.P. (company) — the filing person and an Israeli Limited Partnership
• RAVE RESTAURANT GROUP, INC. (company) — the subject company whose common stock is being reported
• Noam Nakash (person) — person authorized to receive notices and communications for IMA Value, L.L.P.
• $0.01 (dollar_amount) — par value per share of RAVE Restaurant Group common stock

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• sc13da.htm (SC 13D/A) — 55KB
• 0001099910-24-000044.txt ( ) — 57KB

Security and Issuer

Item 1. Security and Issuer. This Statement relates to the common stock, par value $.01 per share (“Common Stock”), of Rave Restaurant Group, Inc. (the “Company”), whose principal executive offices are located at 3551 Plano Parkway, The Colony, Texas 75056. The colony, Texas 75056

Identity and Background

Item 2. Identity and Background. (a) Name of person filling Noam Nakash- Noam Nakash is the founder and majority shareholder of IMA Value (Funds Management) Ltd the General Partner of IMA Value LLP, located at Renanim 8 Ramat Gan, ISRAEL, 5259514 (b) Address of principal Business office Renanim 8 Ramat Gan ISRAEL, 5259514 (c) Citizenship: Israeli (d) Title class of securities Common Stock, $0.01 par value (e) During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) (f) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. The source of funds is The Limited partnership own funds.

Purpose of Transaction

Item 4. Purpose of Transaction. The purchases of shares of Common Stock by the Reporting Person were for investment purposes. The Reporting Person may purchase additional shares from time to time depending upon price, market conditions, availability of funds, evaluation of other investment opportunities, and other factors. Although the Reporting Person has no present intention to sell any shares, he could determine from time to time to sell some or all of the shares held The Reporting Person does not have any plan or proposal which relates to any of the following matters (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board other than by invitation of members of the Board. Mr. Bares has resigned from the Board of Directors effective 1-6-2021. (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer’s business or corporate structure; (g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. ( a) The percentages of shares of the Common Stock reported to be owned by the Reporting Persons is based upon 14,586,566 shares outstanding, which is the total number of outstanding shares of Common Stock reported in the Company’s Form 10-Q For the quarterly period ended September 24, 2023, as filed with the Securities and Exchange Commission on November 2, 2023. (b) Noam Nakash For IMA Value LLP has the sole power to vote and dispose of the shares of Common Stock that he directly beneficially owns. (c) N/A (d) N/A

Contracts, Arrangements, Understandings or Relationships With Respect to

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. NONE

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits. NONE CUSIP No. 754198109 13D Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. IMA Value LLP /s/ Noam Nakash Noam Nakash CEO (Title) January 22, 2024 (Date)

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View this SC 13D/A filing on SEC EDGAR