Inlight Wealth Management Amends Innovative Food Holdings Stake
Ticker: IVFH · Form: SC 13G/A · Filed: Jan 9, 2024 · CIK: 312257
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-holding
TL;DR
**Inlight Wealth Management still holds a big chunk of Innovative Food Holdings, signaling continued confidence.**
AI Summary
Inlight Wealth Management, LLC filed an amended SC 13G/A on January 9, 2024, indicating their beneficial ownership of Common Stock in Innovative Food Holdings, Inc. as of December 31, 2023. This filing, an amendment to a previous one, shows that Inlight Wealth Management, LLC continues to hold a significant stake, which is important for investors as it signals continued confidence from a major institutional holder in the company's future.
Why It Matters
This filing confirms that a significant institutional investor, Inlight Wealth Management, LLC, maintains its position in Innovative Food Holdings, Inc., which can be a positive signal for other investors regarding the company's stability and potential.
Risk Assessment
Risk Level: low — This filing is an amendment confirming an existing significant stake, not a new acquisition or divestiture, indicating stability rather than new risk.
Analyst Insight
Investors should note that a major institutional holder, Inlight Wealth Management, LLC, is maintaining its position in Innovative Food Holdings, Inc. This suggests continued confidence, but further investigation into the company's fundamentals and Inlight's investment strategy would be prudent before making investment decisions.
Key Players & Entities
- Inlight Wealth Management, LLC (company) — the reporting person filing the SC 13G/A
- Innovative Food Holdings, Inc. (company) — the subject company whose securities are being reported
- United States of America (country) — place of organization for Inlight Wealth Management, LLC
- December 31, 2023 (date) — date of event requiring the filing
- January 9, 2024 (date) — date the SC 13G/A was filed
Forward-Looking Statements
- Inlight Wealth Management, LLC will maintain its significant stake in Innovative Food Holdings, Inc. for the foreseeable future. (Inlight Wealth Management, LLC) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Inlight Wealth Management, LLC, with a Central Index Key (CIK) of 0001731795.
Which company's securities are being reported on?
The securities being reported on belong to Innovative Food Holdings, Inc., which has a CIK of 0000312257.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Innovative Food Holdings, Inc. is 45772H202.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 954 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-01-09 14:19:49
Filing Documents
- formsc13ga.htm (SC 13G/A) — 26KB
- 0001062993-24-000650.txt ( ) — 28KB
Ownership
Item 4. Ownership (a) Amount Beneficially Owned: 3,556,426 Page 3 of 5 (b) Percent of Class: 7.3% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 3,556,426 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,208,069 (iv) Shared power to dispose or to direct the disposition of: 1,348,357 ***Shares outstanding of the Issuer is based on 48,979,067 shares outstanding as provided in the issuer's 10-Q filed on 11/09/2023
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. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.
Identification and classification of members of the group
Item 8. Identification and classification of members of the group.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group.
Certifications
Item 10. Certifications. Page 4 of 5 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. Dated: January 9, 2024 By: /s/ Jason Joffe Name: Jason Joffe Title: Managing Partner The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5