AIR T INC amends SC 13D/A filing for Lendway, Inc.

Ticker: AIRTP · Form: SC 13D/A · Filed: Oct 1, 2024 · CIK: 353184

Sentiment: neutral

Topics: amendment, ownership-filing, corporate-history

TL;DR

AIR T INC filed an amendment to its SC 13D/A for Lendway, Inc. - check for ownership changes.

AI Summary

AIR T INC (formerly Insignia Systems Inc/MN) filed an SC 13D/A amendment on October 1, 2024. This filing relates to Lendway, Inc. (formerly Air Transportation Holding Co Inc and Atlanta Express Airline Corp), which is in the Agriculture Production - Crops industry. AIR T INC is involved in Air Courier Services.

Why It Matters

This filing indicates a change in the reporting of beneficial ownership for Lendway, Inc., potentially signaling shifts in control or investment strategy by AIR T INC.

Risk Assessment

Risk Level: medium — Amendments to SC 13D/A filings can indicate significant changes in a company's ownership structure or strategic intentions, requiring careful monitoring.

Key Players & Entities

FAQ

What is the primary business of AIR T INC?

AIR T INC is primarily involved in Air Courier Services, as indicated by its Standard Industrial Classification code [4513].

What is the primary business of Lendway, Inc.?

Lendway, Inc. is primarily involved in Agriculture Production - Crops, as indicated by its Standard Industrial Classification code [0100].

What is the filing date of this SC 13D/A amendment?

The filing date of this SC 13D/A amendment is October 1, 2024.

What was AIR T INC formerly known as?

AIR T INC was formerly known as Insignia Systems Inc/MN, with a date of name change on March 28, 1993.

What are the former names of Lendway, Inc.?

Lendway, Inc. was formerly known as Air Transportation Holding Co Inc (date of name change July 3, 1992) and Atlanta Express Airline Corp (date of name change March 21, 1984).

Filing Stats: 4,140 words · 17 min read · ~14 pages · Grade level 10.2 · Accepted 2024-10-01 16:30:29

Key Financial Figures

Filing Documents

From the Filing

SC 13D/A 1 a29845454-v1xamendmentno.htm SC 13D/A a29845454-v1xamendmentno UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 18) LENDWAY, INC. (Name of Issuer) Common Stock, par value of $0.01 per share (Title of Class of Securities) 45765Y204 (CUSIP Number) Air T, Inc. 11020 David Taylor Drive, Suite 305 Charlotte, North Carolina 28262 Telephone: (980) 595-2840 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) - with copy to- Philip T. Colton Winthrop & Weinstine, P.A. 225 South Sixth Street Suite 3500 Minneapolis, Minnesota 55402 (612) 604-6500 September 27, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. CUSIP NO. 45765Y204 Page 2 of 16 Pages 1 NAME OF REPORTING PERSON Air T, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 486,819 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 486,819 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 486,819* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.5% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 3 of 16 Pages 1 NAME OF REPORTING PERSON Groveland Capital LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 60,284 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 60,284 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,284* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.4% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 4 of 16 Pages 1 NAME OF REPORTING PERSON AO Partners I, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 139,444 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 139,444 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 139,444* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 5 of 16 Pages 1 NAME OF REPORTING PERSON AO Partners, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 139,444 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 139,444 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 139,444* 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO * Reflects the seven-for-one reverse stock split that the Company implemented effective December 31, 2020. CUSIP NO. 45765Y204 Page 6 of 16 Pages 1 NAME OF REPORTING PERSON Glenhurst Co. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)

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