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CUSIP No. 002120103 | | 13G | | Page 13 of 15 Pages |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: |
Not applicable.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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Reporting person | | Amount beneficially owned: | | | Percent of class: | | | Sole power to vote or direct the vote: | | | Shared power to vote or to direct the vote: | | | Sole power to dispose or to direct the disposition of: | | | Shared power to dispose or to direct the disposition of: | |
Aspire Capital Fund, LLC | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Aspire Capital Partners, LLC | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
SGM Holdings Corp. | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Red Cedar Capital Corp. | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Chrisko Investors, Inc. | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
WML Ventures | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Steven G. Martin | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Erik J. Brown | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
Christos Komissopoulos | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
William F. Blank, III | | | 1,312,537 | | | | 9.15 | % | | | 0 | | | | 1,312,537 | | | | 0 | | | | 1,312,537 | |
The percent of class shown in the table above is based on 14,338,362 shares of Common Stock issued and outstanding as reported in a prospectus supplement filed by the Issuer with the Securities and Exchange Commission under Rule 424(b)(5) on February 9, 2021.
Aspire Fund may be deemed the beneficial owner of 1,312,537 shares of Common Stock of the Issuer. Aspire Partners is the Managing Member of Aspire Fund. SGM is the Managing Member of Aspire Partners. Mr. Martin is the president and sole shareholder of SGM, as well as a principal of Aspire Partners. Mr. Brown is the president and sole shareholder of Red Cedar, which is a principal of Aspire Partners. Mr. Komissopoulos is president and sole shareholder of Chrisko, which is a principal of Aspire Partners. Mr. Blank is the president and sole shareholder of WML Ventures, which is a principal of Aspire Partners.
Pursuant to Section 13(d) of the Act, each of Aspire Partners, SGM, Red Cedar, Chrisko, WML Ventures, Mr. Martin, Mr. Brown, Mr. Komissopoulos and Mr. Blank may be deemed to be a beneficial owner of the Shares held by Aspire Fund.
Pursuant to Rule 13d-4 of the Act, each of Aspire Partners, SGM, Red Cedar, Chrisko, WML Ventures, Mr. Martin, Mr. Brown, Mr. Komissopoulos and Mr. Blank disclaims beneficial ownership of the Shares held by Aspire Fund.
Item 5. | Ownership of 5 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 5 percent of the class of securities, check the following ☐.