Conrent Invest S.A. Amends Track Group Stake

TL;DR

Conrent Invest S.A. updated its 13D filing for Track Group, Inc. on 3/25/24.

AI Summary

Conrent Invest S.A. filed an amendment (No. 2) to its Schedule 13D on March 25, 2024, regarding its beneficial ownership of Track Group, Inc. The filing indicates a change in the reporting person's holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. Conrent Invest S.A. is based in Luxembourg.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Track Group, Inc., which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in control or strategy, potentially affecting stock volatility.

Key Players & Entities

• Conrent Invest S.A. (company) — Reporting Person
• Track Group, Inc. (company) — Subject Company
• Mr. Heinrich Bernhard Schmitz (person) — Associated with Conrent Invest S.A.

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti
• $0.27 — 370,000 shares of Shares at a price of $0.27 per share, for a purchase price by the
• $99,900 — for a purchase price by the Investor of $99,900. The purchase of the Shares pursuant to

Filing Documents

• cis20240325_sc13da.htm (SC 13D/A) — 52KB
• ex_644617.htm (EX-99.1) — 33KB
• 0001437749-24-009204.txt ( ) — 87KB

of the Original Schedule 13D is hereby amended and supplemented as follows

Item 3 of the Original Schedule 13D is hereby amended and supplemented as follows: The proceeds received by the Reporting Person from the sale of the Shares described in Item 4 of this Amendment No. 2 will be used as working capital of the Reporting Person. Item 4. Purpose of Transaction

of the Original Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows: On March 4, 2024, the Reporting Person and the institutional investor (the " Investor ") named therein entered into a Securities Purchase Agreement (the " Agreement "), pursuant to which the Reporting Person agreed to sell to the Investor 370,000 shares of Shares at a price of $0.27 per share, for a purchase price by the Investor of $99,900. The purchase of the Shares pursuant to the Agreement closed on March 19, 2024. The foregoing description of the Securities Purchase Agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which is filed as Exhibit 99.1 hereto and is incorporated by reference into this Item 4 by reference. Item 5. Interest in Securities of the Issuer (a) The Reporting Person beneficially owns, in the aggregate, 1,445,697 Shares, representing approximately 12.2% of the Issuer's outstanding Shares, calculated based on 11,863,758 shares of the Issuer's common stock outstanding as of February 1, 2024, as reported in the Issuer's Quarterly report on Form 10-Q filed with the Securities and Exchange Commission on February 9, 2024. To the knowledge of the Reporting Person, none of the persons listed on Schedule A hereto beneficially owns any Shares. (b) The Reporting Person has sole voting power and sole dispositive power with regard to 1,445,697 Shares. Constitutional does not directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise has or shares (1) voting power which includes the power to vote, or to direct the voting of, the Shares; and/or (2) investment power which includes the power to dispose, or to direct the disposition of the Shares. (c) Except as set forth in Item 3 above, none of the Reporting Person, Conrent or to their knowledge, any other person or entity referred to in Item 2 (including those listed on Schedule A hereto) has effected any transactions in the Shares

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