Amended Statement of Beneficial Ownership (sc 13d/a)
30 Setembro 2022 - 6:26PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 3)1
SilverSun Technologies, Inc.
(Name of Issuer)
Common Stock, $0.00001 par value
(Title of Class of Securities)
82846H207
(CUSIP Number)
Milton
C. Ault, III
BITNILE
Holdings, Inc.
11411 Southern
Highlands Parkway, Suite 240
Las Vegas,
NV 89141
(949)
444-5464
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 29, 2022
(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 o.
Note: Schedules filed
in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for
other parties to whom copies are to be sent.
_______________
1 The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on
the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. 82846H207
1 |
NAME OF REPORTING PERSONS
BitNile Holdings, Inc. |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*(a) o
(b) o |
3 |
SEC USE ONLY
|
4 |
SOURCE OF FUNDS
WC |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o |
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
170,000(1) |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
170,000(1) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,000 |
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.31% |
14 |
TYPE OF REPORTING PERSON
CO |
| (1) | Represents shares of Common Stock
held by Ault Lending, LLC (formerly, Digital Power Lending, LLC). |
CUSIP No. 82846H207
1 |
NAME OF REPORTING PERSONS
Ault Lending, LLC (formerly, Digital Power Lending, LLC) |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*(a) o
(b) o |
3 |
SEC USE ONLY
|
4 |
SOURCE OF FUNDS
WC |
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
170,000 |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
170,000 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,000 |
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.31% |
14 |
TYPE OF REPORTING PERSON
OO |
CUSIP No. 82846H207
1 |
NAME OF REPORTING PERSONS
Milton C. Ault, III |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*(a) o
(b) o |
3 |
SEC USE ONLY
|
4 |
SOURCE OF FUNDS
AF |
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o |
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
7 |
SOLE VOTING POWER
0 |
8 |
SHARED VOTING POWER
170,000(1) |
9 |
SOLE DISPOSITIVE POWER
0 |
10 |
SHARED DISPOSITIVE POWER
170,000(1) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,000 |
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo |
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.31% |
14 |
TYPE OF REPORTING PERSON
IN |
| (1) | Represents shares of Common Stock
held by Ault Lending, LLC (formerly, Digital Power Lending, LLC). |
CUSIP No. 82846H207
This Amendment No. 3 (“Amendment
No. 2”) amends and supplements the Schedule 13D filed by the undersigned on August 22, 2022 as amended on September 12, 2022
and September 19, 2022 (the “Schedule 13D”). Except as otherwise specified in this Amendment No. 3, all items in the
Schedule 13D are unchanged. All capitalized terms used in this Amendment No. 3 and not otherwise defined herein have the meanings ascribed
to such terms in the Schedule 13D.
| Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 of the Schedule 13D is hereby amended
and restated in its entirety as follows:
The Shares purchased by Ault Lending,
LLC (formerly, Digital Power Lending, LLC) were purchased with working capital in open market purchases. The Shares transacted by Ault
Lending, LLC as reported on this Amendment No. 3 decreased Ault Lending, LLC’s aggregate expenditures by $488,238.45. Consequently,
as of the date of this Amendment No. 3, Ault Lending, LLC has expended an aggregate of $915,666.38 for the purchase of the Shares.
| Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Schedule 13D is hereby amended
and restated in its entirety as follows:
The aggregate percentage of
Shares reported owned by each Reporting Person herein is based upon 5,136,177 Shares outstanding, which is the total number of Shares
outstanding as of August 11, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on August 12, 2022.
| (a) | As of the date hereof, BitNile Holdings,
Inc. may be deemed to beneficially own 170,000 Shares, consisting of Shares held by Ault
Lending, LLC. BitNile Holdings, Inc. may be deemed to beneficially own the Shares beneficially
owned by Ault Lending, LLC by virtue of its relationship with such entity described in Item
2. |
Percentage: 3.31%
| (b) | 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 170,000
3. Sole power to dispose or direct the
disposition: 0
4. Shared power to dispose or direct the disposition: 170,000
|
| (c) | BitNile Holdings, Inc. has not entered into any transactions in the Shares during the past sixty days. |
| (a) | As of the date hereof, Ault Lending,
LLC beneficially owns 170,000 Shares held directly by it. |
Percentage: 3.31%
| (b) | 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 170,000
3. Sole power to dispose or direct the
disposition: 0
4. Shared power to dispose or direct the disposition: 170,000
|
| (c) | Other than as previously disclosed on
the Schedule 13D and the transactions set forth in Schedule A attached hereto,
which are both incorporated by reference, Ault Lending, LLC has not entered into any transactions
in the Shares during the past sixty days. All of such transactions were effected in the open
market. |
| (a) | As of the date hereof, Mr. Ault may
be deemed to beneficially own 170,000 Shares, consisting of Shares held by Ault Lending,
LLC. Mr. Ault may be deemed to beneficially own the Shares beneficially owned by Ault Lending,
LLC by virtue of his relationship with such entity described in Item 2. |
Percentage: 3.31%
| (b) | 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 170,000
3. Sole power to dispose or direct the
disposition: 0
4. Shared power to dispose or direct the disposition: 170,000
|
| (c) | Mr. Ault has not entered into any transactions in the Shares during the past sixty days. |
The filing of this Schedule
13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934,
as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically
disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
| (d) | No person other than the Reporting Person is known to have the right to receive, or the power to direct
the receipt of dividends from, or proceeds from the sale of, the Shares. |
| (e) | Effective as of the close of business
on September 29, 2022, the Reporting Persons ceased to be the beneficial owner of more than
five percent of the class of securities. |
CUSIP No. 82846H207
SIGNATURES
After reasonable inquiry and
to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete
and correct.
Dated: September 30, 2022
|
|
BITNILE HOLDINGS, INC. |
/s/ Milton C. Ault, III |
|
|
|
MILTON C. AULT, III |
|
By: |
/s/ Milton C. Ault, III |
|
|
|
Name: |
Milton C. Ault, III |
|
|
|
Title: |
Executive Chairman |
|
|
|
|
|
|
|
|
AULT LENDING, LLC |
|
|
|
|
|
|
By: |
/s/ David J. Katzoff |
|
|
|
Name: |
David J. Katzoff |
|
|
|
Title: |
Manager |
CUSIP No. 82846H207
SCHEDULE A
Transactions in the Shares of Common Stock
During the Last Sixty Days
Ault Lending, LLC
Nature of the Transaction |
Shares of Common Stock
Purchased / (Sold) |
Price Per
Share ($) |
Date of
Transaction |
Sale of Common Stock |
(8,797) |
2.4897 |
09/28/2022 |
Sale of Common Stock |
(157,010) |
2.9703 |
09/29/2022 |
Purchase
of Common Stock |
10 |
2.94 |
09/29/2022 |
8
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