SC 13G: ALICO, INC.

AI Summary

SC 13G filing by ALICO, INC..

Risk Assessment

Risk Level: low

Filing Documents

• fp0087071-1_sc13g.htm (SC 13G) — 60KB
• 0001398344-24-002922.txt ( ) — 62KB

(a) Name of Issuer

Item 1. (a) Name of Issuer: Alico, Inc. (b) Address of Issuer’s Principal Executive Offices: 10070 Daniels Interstate Court Suite, Suite 200, Fort Myers, FL 33913

(a) Name of Person Filing

Item 2. (a) Name of Person Filing: Gate City Capital Management, LLC (b) Address of Principal Business Office or, if None, Residence: 8725 W. Higgins Road, Suite 530, Chicago, IL 60631 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 016230104

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

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: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [x] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP NO. 016230104 13G Page 5 of 7 Pages

Ownership

Item 4. Ownership. 1. Gate City Capital Management, LLC (a) Amount beneficially owned: 707,802 (b) Percent of class: 9.3% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 341,942 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 707,802 (iv) Shared power to dispose or to direct the disposition of: 0 2. Michael Melby (a) Amount beneficially owned: 707,802 (b) Percent of class: 9.3% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 341,942 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 707,802 (iv) Shared power to dispose or to direct the disposition of: 0

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

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported

Item 7. Identification and Classification of the Subsidiary Which 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 CUSIP NO. 016230104 13G Page 6 of 7 Pages

Certification

Item 10. Certification. By signing below I certify that, to the best of my 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. 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. Gate City Capital Management, LLC By: /s/ Michael Melby Name: Michael Melby Title: Managing Member By: /s/ Michael Melby Name: Michael Melby Date: February 14, 2024 CUSIP NO. 016230104 13G Page 7 of 7 Pages JOINT FILING AGREEMENT In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13G to which this joint filing agreement is attached, and have duly executed this joint filing agreement as of the date set forth below. Date: February 14, 2024 Gate City Capital Management, LLC By: /s/ Michael Melby Name: Michael Melby Title: Managing Member By: /s/ Michael Melby Name: Michael Melby Date: February 14, 2024

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