Smith Files 13D/A Amendment for Innovative Food Holdings

TL;DR

Denver J. Smith updated his stake in Innovative Food Holdings. Watch this space.

AI Summary

On July 18, 2024, Denver J. Smith filed Amendment No. 17 to the Schedule 13D/A for Innovative Food Holdings, Inc. This filing indicates a change in beneficial ownership of the company's common stock. The filing was made by Smith Denver Johnson, with Denver J. Smith listed as the authorized contact.

Why It Matters

This amendment to a Schedule 13D/A signals a potential shift in control or significant stake-building by an investor in Innovative Food Holdings, Inc., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate significant investor activity that can lead to volatility or strategic changes within the company.

Key Players & Entities

• Denver J. Smith (person) — Filing party and authorized contact
• Smith Denver Johnson (company) — Filing entity
• Innovative Food Holdings, Inc. (company) — Subject company
• 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

Key Financial Figures

• $1,264,009 — been purchased with working capital for $1,264,009. The 744,804 shares held by 73114 Inves
• $491,059 — were purchased with working capital for $491,059. The 60,000 shares held by Youth Proper
• $60,000 — were purchased with working capital for $60,000. The 45,820 shares held by Paratus Capi
• $26,069 — were purchased with working capital for $26,069. The 703,851 shares held directly by De
• $348,038 — were purchased with personal funds for $348,038. The 44,164 shares directly held by Sam
• $27,007 — were purchased with personal funds for $27,007. The 26,000 shares held directly by Don
• $17,730 — mith were purchased with personal funds $17,730. The 19,300 shares held directly by Ric
• $2,228,912 — persons in aggregate were purchased for $2,228,912. All amounts include commissions and fe
• $1.20 — from SV Asset Management at a price of $1.20 per share. Page 11 of 12 (d) Not ap

Filing Documents

• s722241sc13da17.htm (SC 13D/A) — 149KB
• ex99_1.htm (EX-99.1) — 24KB
• ex991-001.jpg (GRAPHIC) — 96KB
• ex991-002.jpg (GRAPHIC) — 114KB
• ex991-003.jpg (GRAPHIC) — 127KB
• ex991-004.jpg (GRAPHIC) — 104KB
• ex991-005.jpg (GRAPHIC) — 82KB
• ex991-006.jpg (GRAPHIC) — 24KB
• ex991-007.jpg (GRAPHIC) — 20KB
• 0001214659-24-012825.txt ( ) — 957KB

. Security and Issuer

Item 1 . Security and Issuer . There are no amendments to Item 1 of the Schedule 13D pursuant to this Amendment No. 17.

. Identity and Background

Item 2 . Identity and Background . There are no amendments to Item 2 of the Schedule 13D pursuant to this Amendment No. 17.

. Source and Amount of Funds or Other Consideration

Item 3 . Source and Amount of Funds or Other Consideration .

of the Schedule 13D is hereby amended

Item 3 of the Schedule 13D is hereby amended to read in its entirety as follows: The 2,752,850 shares that will be held by the CRC Founders Fund, LP after closing of the Stock Purchase Agreement, outlined in Items 4. And 6. below, will have been purchased with working capital for $1,264,009. The 744,804 shares held by 73114 Investments, LLC were purchased with working capital for $491,059. The 60,000 shares held by Youth Properties, LLC were purchased with working capital for $60,000. The 45,820 shares held by Paratus Capital, LLC were purchased with working capital for $26,069. The 703,851 shares held directly by Denver J. Smith were purchased with personal funds for $348,038. The 44,164 shares directly held by Samuel N. Jurrens were purchased with personal funds for $27,007. The 26,000 shares held directly by Donald E. Smith were purchased with personal funds $17,730. The 19,300 shares held directly by Richard G. Hill were gifted to him. The 4,396,789 shares held by all reporting persons in aggregate were purchased for $2,228,912. All amounts include commissions and fees.

. 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: On July 18, 2024, CRC Management, on behalf of the CRC Founders Fund, LP, entered into a stock purchase agreement (the “Stock Purchase Agreement”) with SV Asset Management, LLC (“SV Asset Management”), as further described in Item 6 below, which disclosure is incorporated herein by reference.

. 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 4,396,789 shares, or 8.9% of the common shares outstanding of the Issuer based on 49,693,803 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) Except as otherwise disclosed herein, there have been no transactions in securities of the Issuer by the Reporting Persons during the past 60 days. Pursuant to the Stock Purchase Agreement, CRC Management, on behalf of the CRC Founders Fund, LP, agreed to purchase 350,000 Shares from SV Asset Management at a price of $1.20 per share. Page 11 of 12 (d) Not applicable. (e) Not applicable.

. Contracts, Arrangements,

Item 6 . Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer .

is hereby amended to add the following

Item 6 is hereby amended to add the following: On July 18, 2024, CRC Management, on behalf of the CRC Founders Fund, LP, entered into the Stock Purchase Agreement with SV Asset Management. Pursuant to the Stock Purchase Agreement, CRC Management agreed to purchase 350,000 shares from SV Asset Management at a price of $1.20 per share. The Stock Purchase Agreement contains customary representations, warranties and covenants of the parties thereto. The transaction is expected to close in the near future. The foregoing description of the Stock Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Stock Purchase Agreement attached hereto as Exhibit 99.1 and incorporated herein by reference.

. Material to be Filed as

Item 7 . Material to be Filed as Exhibits Item 7 is hereby amended to add the following exhibit: 99.1 Stock Purchase Agreement, dated July 16, 2024 (signed July 18, 2024). Page 12 of 12

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: July 22, 2024 /s/ Richard G. Hill Richard G. Hill Dated: July 22, 2024 /s/ Samuel N. Jurrens Samuel N. Jurrens Dated: July 22, 2024 /s/ Donald E. Smith Donald E. Smith Dated: July 22, 2024 /s/ Denver J. Smith Denver J. Smith Dated: July 22, 2024 Paratus Capital, LLC By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Strategy Officer Dated: July 22, 2024 73114 Investments, LLC By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Investment Officer Dated: July 22, 2024 Youth Properties, LLC By: /s/ Donald E. Smith Name: Donald E. Smith Title: Chief Executive Officer Dated: July 22, 2024 CRC Founders Fund, LP By: /s/ Denver J. Smith Name: Denver J. Smith Title: Chief Investment Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR