Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]
15 Novembro 2024 - 9:00AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Intellicheck,
Inc.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
45817G201
(CUSIP Number)
September 30, 2024
(Date of Event Which Requires Filing of Statement)
Check the
appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule
13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter the 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).
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1 |
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Names of reporting persons
Topline Capital Management, LLC |
2 |
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Check the appropriate box if a
member of a group (see instructions) (a) ☐ (b) ☐
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3 |
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SEC use only
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4 |
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Citizenship or place of
organization
California |
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Number of
shares beneficially
owned by each
reporting person
with |
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5 |
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Sole voting power
1,536,303 |
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6 |
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Shared voting power
0 |
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7 |
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Sole dispositive power
1,536,303 |
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8 |
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Shared dispositive power
0 |
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9 |
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Aggregate amount beneficially owned by each reporting person
1,536,303 |
10 |
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Check if the aggregate amount
in Row (9) excludes certain shares (see instructions) ☐ |
11 |
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Percent of class represented by
amount in Row (9) 7.8% |
12 |
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Type of reporting person (see
instructions) IA |
2
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1 |
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Names of reporting persons
Collin McBirney |
2 |
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Check the appropriate box if a
member of a group (see instructions) (a) ☐ (b) ☐
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3 |
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SEC use only
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4 |
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Citizenship or place of
organization
USA |
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Number of
shares beneficially
owned by each
reporting person
with |
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5 |
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Sole voting power
0 |
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6 |
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Shared voting power
1,536,303 |
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7 |
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Sole dispositive power
0 |
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8 |
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Shared dispositive power
1,536,303 |
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9 |
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Aggregate amount beneficially owned by each reporting person
1,536,303 |
10 |
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Check if the aggregate amount
in Row (9) excludes certain shares (see instructions) ☐ |
11 |
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Percent of class represented by
amount in Row (9) 7.8% |
12 |
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Type of reporting person (see
instructions) IN/HC |
3
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1 |
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Names of reporting persons
Topline Capital Partners, LP |
2 |
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Check the appropriate box if a
member of a group (see instructions) (a) ☐ (b) ☐
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3 |
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SEC use only
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4 |
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Citizenship or place of
organization
Delaware |
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Number of
shares beneficially
owned by each
reporting person
with |
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5 |
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Sole voting power
1,536,303 |
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6 |
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Shared voting power
0 |
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7 |
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Sole dispositive power
1,536,303 |
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8 |
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Shared dispositive power
0 |
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9 |
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Aggregate amount beneficially owned by each reporting person
1,536,303 |
10 |
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Check if the aggregate amount
in Row (9) excludes certain shares (see instructions) ☐ |
11 |
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Percent of class represented by
amount in Row (9) 7.8% |
12 |
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Type of reporting person (see
instructions) PN |
4
Intellicheck, Inc.
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(b) |
Address of Issuers Principal Executive Offices: |
200 Broadhollow Road, Suite 207, Melville, NY 11747
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(a) |
Name of Persons Filing: |
Topline Capital Management, LLC (TCM)
Collin McBirney
Topline Capital
Partners, LP (TCP or the Fund)
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(b) |
Address of Principal Business Office or, if none, Residence: |
544 Euclid Street, Santa Monica, CA 90402
Reference is made to Row 4 of pages 2 - 4 of this Schedule 13G (this Schedule), which are incorporated by reference herein.
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(d) |
Title of Class of Securities: |
Common Stock, $0.001 par value
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(e) |
CUSIP Number: 45817G201 |
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: |
Not applicable.
Reference is hereby made to Rows 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which are incorporated by reference
herein.
As of November 15, 2024, the Fund beneficially owns 1,536,303 shares of the issuers common stock.
The securities reported on this Schedule as beneficially owned by TCM (the Securities) are held by and for the benefit of the Fund. Under the
definition of beneficial ownership in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entities might be deemed
the beneficial owners of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin
McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Act insofar as they may be deemed to have the
power to direct the voting or disposition of those Securities.
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Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that
any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the
extent of its or his pecuniary interests therein.
The calculation of percentage of beneficial ownership in Row 11 of pages 2, 3 and 4 of this Schedule
was derived from the issuers Form 10-Q Quarterly report for quarter ending June 30, 2024 filed with the Securities and Exchange Commission on August 14, 2024, in which the issuer stated that
the number of shares of its common stock outstanding as of August 14, 2024 was 19,533,901 shares.
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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. ☐
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
Not applicable.
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.
Item 8. |
Identification and Classification of Members of the Group |
Not applicable.
Item 9. |
Notice of Dissolution of Group |
Not applicable.
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, other than
activities solely in connection with a nomination under § 240.14a-11.
7
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 15, 2024
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TOPLINE CAPITAL MANAGEMENT, LLC |
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By: |
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/s/ Collin McBirney |
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Collin McBirney |
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Managing Member |
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TOPLINE CAPITAL PARTNERS, LP |
By: |
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Topline Capital Management, LLC, |
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its general partner |
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By: |
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/s/ Collin McBirney |
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Collin McBirney |
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Managing Member |
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COLLIN MCBIRNEY |
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/s/ Collin McBirney |
8
EXHIBIT LIST
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Exhibit A |
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Joint Filing Undertaking |
EXHIBIT A
JOINT FILING UNDERTAKING
The
undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to
file this Schedule, as it may be amended, jointly on behalf of each of such parties.
Dated: November 15, 2024
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TOPLINE CAPITAL MANAGEMENT, LLC |
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By: |
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/s/ Collin McBirney |
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Collin McBirney |
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Managing Member |
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TOPLINE CAPITAL PARTNERS, LP |
By: |
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Topline Capital Management, LLC, |
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its general partner |
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By: |
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/s/ Collin McBirney |
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Collin McBirney |
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Managing Member |
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COLLIN MCBIRNEY |
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/s/ Collin McBirney |
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