SC 13G: Sotherly Hotels Inc.

AI Summary

SC 13G filing by Sotherly Hotels Inc..

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.01 — f Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 83600C10

Filing Documents

• formsc13g.htm (SC 13G) — 59KB
• exhibit1.htm (EX-1) — 4KB
• 0001062993-24-020242.txt ( ) — 65KB

(a) Name of Issuer

Item 1. (a) Name of Issuer: Southerly Hotels Inc. (the "Issuer") (b) Address of Issuer's Principal Executive Offices: 306 South Henry Street, Suite 100, Williamsburg, VA 23185

(a) Name of Persons Filing

Item 2. (a) Name of Persons Filing: Gator Capital Management, LLC Derek Pilecki Gator Financial Partners, LLC ECA Fund, LP (b) Address of Principal Business Office or, if None, Residence: For all persons filing: c/o Gator Capital Management, LLC 2502 N. Rocky Point Dr., Suite 665 Tampa, FL 33607 (c) Citizenship: Gator Capital Management, LLC is a Delaware limited liability company Derek Pilecki is a United States citizen Gator Financial Partners, LLC is a Delaware limited liability company ECA Fund, LP is a Texas Limited Partnership (d) Title of Class of Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 83600C103

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a

Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable. Filed pursuant to Rule 13d-1(c).

Ownership

Item 4. Ownership. Gator Capital Management, LLC Derek Pilecki Gator Financial Partners, LLC ECA Fund, LP (a) Amount Beneficially Owned: 1,000,187 1,000,187 858,879 124,908 (b) Percent of Class: 5.04% 5.04% 4.33% 0.63% (c) Number of Shares to Which Reporting Person Has: (i) Sole Voting Power: N/A N/A N/A N/A (ii) Shared Voting Power: 1,000,187 1,000,187 858,879 124,908 (iii) Sole Dispositive Power: N/A N/A N/A N/A (iv) Shared Dispositive Power: 1,000,187 1,000,187 858,879 124,908 The reported shares are the Issuer's Class A Common Stock. 858,879 shares of Common Stock are owned directly by Gator Financial Partners, LLC, whose managing member and Investment Adviser is Gator Capital Management, LLC. Gator Capital Management, LLC could be deemed to be an indirect beneficial owner of the reported shares, and could be deemed to share beneficial ownership with Gator Financial Partners, LLC. Derek Pilecki is the manager of Gator Capital Management, LLC and could be deemed to share such indirect beneficial ownership with Gator Capital Management, LLC and Gator Financial Partners, LLC.

Ownership of Five Percent or Less of a Class

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 five percent of the class of securities, check the following .

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. By signing below, each of the undersigned certifies that, to the best of his or its 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. Exhibits Exhibit 1 Joint Filing Agreement dated December 5, 2024, among Gator Financial Partners, LLC, and ECA Fund, LP, Gator Capital Management, LLC, and Derek Pilecki. Signature After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. GATOR CAPITAL MANAGEMENT, LLC By: /s/ Derek Pilecki Name: Derek Pilecki Title: Managing Member GATOR FINANCIAL PARTNERS, LLC By: Gator Capital Management, LLC, Manager By: /s/ Derek Pilecki Name: Derek Pilecki Title: Managing Member /s/ Derek Pilecki Derek Pilecki

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