This Amendment No. 2 to Schedule 13D (this “Amendment No. 2”) amends and supplements the information set forth in the Schedule 13D filed by the undersigned with the Securities and Exchange Commission (the “SEC”) on February 9, 2018, as amended by Amendment No. 1 (“Amendment No. 1”) filed by the undersigned with the SEC on July 8, 2022 (collectively, the “Schedule 13D”). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
As set forth below, upon consummation of the Repurchase Transaction on December 2, 2022, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Shares. The filing of this Amendment No. 2 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended to add the following:
On December 2, 2022, the Repurchase Transaction was consummated. As a result, the Issuer repurchased from Wipro LLC 9,926 shares of Preferred Stock and issued to it 100,000 shares of Common Stock.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) The percentage ownership reported herein is calculated based on the sum of (i) 7,218,033 shares of Common Stock outstanding on October 15, 2022 as reported in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2022, and (ii) 100,000 shares of Common Stock issued to Wipro LLC in the Repurchase Transaction. The Reporting Persons beneficially own 100,000 shares of Common Stock, or 1.37% of the Issuer’s outstanding Common Stock.
(b) The Reporting Persons share voting and dispositive power with respect to the 100,000 shares of Common Stock.
(c) Other than as described in this Schedule 13D, no Reporting Person has effected any transaction in the Common Stock during the past 60 days.
(d) Not applicable.
(e) On December 2, 2022, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The response to Item 4 of this Schedule 13D is incorporated by reference herein.