Smith Files 13D/A Amendment for Innovative Food Holdings
Ticker: IVFH · Form: SC 13D/A · Filed: Mar 13, 2024 · CIK: 312257
Sentiment: neutral
Topics: ownership-change, sec-filing
TL;DR
Denver J. Smith updated his stake in Innovative Food Holdings, Inc. on 12/31/2023.
AI Summary
On March 13, 2024, Denver J. Smith filed Amendment No. 16 to the Schedule 13D for Innovative Food Holdings, Inc. This filing indicates a change in beneficial ownership of the company's common stock. The filing date of the event requiring this amendment was December 31, 2023.
Why It Matters
This filing updates information regarding significant beneficial ownership of Innovative Food Holdings, Inc., which could signal changes in control or strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in ownership, which can lead to volatility and potential shifts in company strategy.
Key Players & Entities
- Denver J. Smith (person) — Filer of the Schedule 13D/A amendment
- Innovative Food Holdings, Inc. (company) — Subject company
- Smith Denver Johnson (company) — Filing entity
- 73114 INVESTMENTS, LLC (company) — Group member
- CRC FOUNDERS FUND, LP (company) — Group member
- DONALD E. SMITH (person) — Group member
- PARATUS CAPITAL, LLC (company) — Group member
- RICHARD G. HILL (person) — Group member
- SAMUEL N. JURRENS (person) — Group member
- YOUTH PROPERTIES, LLC (company) — Group member
FAQ
Who is filing this Schedule 13D/A amendment?
Denver J. Smith is filing this Schedule 13D/A amendment.
What company is the subject of this filing?
The subject company is Innovative Food Holdings, Inc.
What is the date of the event that requires this filing?
The date of the event requiring this filing is December 31, 2023.
What is the filing form type?
The filing form type is SC 13D/A.
What is the CUSIP number for the common stock of Innovative Food Holdings, Inc.?
The CUSIP number for the common stock is 45772H202.
Filing Stats: 2,154 words · 9 min read · ~7 pages · Grade level 9.5 · Accepted 2024-03-13 16:00:17
Filing Documents
- p312249sc13da16.htm (SC 13D/A) — 148KB
- 0001214659-24-004487.txt ( ) — 149KB
. Security and Issuer
Item 1 . Security and Issuer . There are no amendments to Item 1 of the Schedule 13D pursuant to this Amendment No. 16.
. Identity and Background
Item 2 . Identity and Background .
of the Schedule 13D is hereby supplemented
Item 2 of the Schedule 13D is hereby supplemented with the following information: The address of the CRC Founders Fund, LP, is hereby amended to 1528 Wazee Street, Denver, CO, 80202. Denver J. Smith has been named the Chief Investment Officer of the CRC Founders Fund, LP.
. Source and Amount of Funds or Other Consideration
Item 3 . Source and Amount of Funds or Other Consideration . There are no amendments to Item 3 of the Schedule 13D pursuant to this Amendment No. 16.
. Purpose of Transaction
Item 4 . Purpose of Transaction .
of the Schedule 13D is
Item 4 of the Schedule 13D is hereby supplemented with the following information: Per the previously disclosed board observer agreement that was described in Amendment 15 and an 8-K filed by the issuer on November 29, 2022 stating Mr. Smith would be appointed as a board member on or before May 28, 2023, Mr. Smith became a board member of the issuer on March 13, 2023. The foregoing description of the agreement does not purport to be complete and is qualified in its entirety by reference to the appointment, which was attached to the Issuers 8-K filed on March 13, 2023.
. Interest in Securities of the Issuer
Item 5 . Interest in Securities of the Issuer .
of the Schedule 13D is hereby amended to read in its
Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows: (a) Please reference pages 2 through 9 of this filing for this information as it pertains to individuals that are part of the filing group. The Reporting Persons, acting collectively as a group, have beneficial ownership of 4,046,789 shares, or 8.3% of the common shares outstanding of the Issuer based on 48,979,067 shares outstanding as provided on page 1 of the Issuer’s most recent 10-Q. (b) Please reference pages 2 through 9 of this filing for this information. (c) Not applicable. (d) Not applicable. (e) Not applicable.
. Contracts, Arrangements,
Item 6 . Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer . Not applicable.
. Material to be Filed as
Item 7 . Material to be Filed as Exhibits Not applicable. There have been no transactions in securities of the issuer within the past 60 days from any of the above reporting persons. The most recent transaction by any of the reporting persons was made on 08/18/23 and was disclosed in a Form 4 filed with the SEC on 08/21/23. Page 11 of 11
Signatures
Signatures 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: March 13, 2024 /s/ Richard G. Hill Richard G. Hill Dated: March 13, 2024 /s/ Samuel N. Jurrens Samuel N. Jurrens Dated: March 13, 2024 /s/ Donald E. Smith Donald E. Smith Dated: March 13, 2024 /s/ Denver J. Smith Denver J. Smith Dated: March 13, 2024 Paratus Capital, LLC By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Strategy Officer Dated: March 13, 2024 73114 Investments, LLC By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Investment Officer Dated: March 13, 2024 Youth Properties, LLC By: /s/ Donald E. Smith Name: Donald E. Smith Title: Chief Executive Officer Dated: March 13, 2024 CRC Founders Fund, LP By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Investment Officer