Emancipation Management Cuts Sono-Tek Stake to 10.0%

TL;DR

**Emancipation Management just dumped a chunk of SONO shares, watch out for price drops!**

AI Summary

Emancipation Management LLC, a New York-based investment firm, filed an amended SC 13G/A on January 31, 2024, disclosing its beneficial ownership in Sono-Tek Corporation (SONO) as of December 31, 2023. The filing indicates that Emancipation Management LLC now beneficially owns 6,466,261 shares of Sono-Tek's common stock, representing 10.0% of the company's outstanding shares. This is a significant decrease from their previous reported ownership, signaling a reduction in their stake and potentially impacting investor confidence in SONO.

Why It Matters

A major institutional investor reducing its stake can signal a loss of confidence in the company's future prospects, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — The reduction in a significant institutional holding could indicate a lack of confidence, posing a moderate risk to current and prospective investors.

Analyst Insight

Investors should investigate the reasons behind Emancipation Management LLC's reduced stake and consider if this signals underlying issues with Sono-Tek's fundamentals or future prospects before making investment decisions.

Key Numbers

• 6,466,261 — Shares Beneficially Owned (This is the total number of Sono-Tek shares Emancipation Management LLC now holds, indicating a significant position.)
• 10.0% — Percentage of Class (This represents the percentage of Sono-Tek's common stock owned by Emancipation Management LLC, showing a notable reduction from previous filings.)

Key Players & Entities

• Emancipation Management LLC (company) — the reporting person who filed the SC 13G/A
• Sono-Tek Corporation (company) — the issuer of the securities
• 6,466,261 (dollar_amount) — the aggregate number of shares beneficially owned by Emancipation Management LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Sono-Tek's stock price may experience downward pressure in the short term. (Sono-Tek Corporation) — medium confidence, target: 3 months
• Other institutional investors might re-evaluate their positions in Sono-Tek. (Sono-Tek Corporation) — low confidence, target: 6 months

FAQ

Key Financial Figures

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

Filing Documents

• sotka10_13124.htm (SC 13G/A) — 45KB
• 0001085146-24-000562.txt ( ) — 47KB

(a)

ITEM 1(a). NAME OF ISSUER: Sono-Tek Corporation

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2012 Route 9W Milton, NY 12547

(a)

ITEM 2(a). NAME OF PERSON FILING: This statement is filed by: (i) Emancipation Management LLC, a New York limited liability company ("Emancipation Management"), which owns Circle N (as defined below), with respect to the shares of Common Stock (as defined below) held in accounts managed by Circle N; (ii) Circle N Advisors, LLC, a Delaware limited liability company ("Circle N"), with respect to the shares of Common Stock held in accounts managed by it; (iii) Mr. Charles Frumberg ("Mr. Frumberg"), who serves as the managing member of Emancipation Management, with respect to the shares of Common Stock held in accounts managed by Circle N. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein. The Reporting Persons have entered into a Joint Filing Agreement, dated February 16, 2016, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934.

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The principal business address of Emancipation Management and Mr. Frumberg is 1065 Main Street, Suite F, P.O. Box 336 Fishkill, NY 12524. The principal business address of Circle N is 1065 Main Street, Suite F, P.O. Box 336 Fishkill, NY 12524.

(c)

ITEM 2(c). CITIZENSHIP: Emancipation Management is a New York limited liability company. Circle N is a Delaware limited liability company. Mr. Frumberg is a citizen of the United States of America.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share

(e)

ITEM 2(e). CUSIP NUMBER: 835483108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 6,466,261 (b) Percent of class: 41.1% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Emancipation Management LLC - 0 Circle N Advisors, LLC - 0 Charles Frumberg - 0 (ii) shared power to vote or to direct the vote: Emancipation Management LLC - 0 Circle N Advisors, LLC - 0 Charles Frumberg - 0 (iii) sole power to dispose or direct the disposition of: Emancipation Management LLC - 0 Circle N Advisors, LLC - 0 Charles Frumberg - 0 (iv) shared power to dispose or to direct the disposition of: Emancipation Management LLC - 6,466,

View Full Filing

View this SC 13G/A filing on SEC EDGAR