This is a routine exchange with no escalation or de-escalation of activist pressure. Monitor for any future 13D amendments that signal a change in strategy or increased stake.
Price Chart
Executive Summary
Gary M. Katz filed an amendment to his Schedule 13D, reporting a disposition of 265 shares of Series D Preferred Stock in exchange for 1,458 shares of common stock via an issuer exchange offer on October 2, 2026. His beneficial ownership now stands at 99,461 shares (including warrants), representing 4.38% of the outstanding common stock. This is a routine exchange transaction with no change in stated purpose or demands.
Key Financial Metrics
Key Facts
- Gary M. Katz disposed of 265 shares of Series D Preferred Stock in exchange for 1,458 shares of common stock on October 2, 2026.
- Total beneficial ownership: 99,461 shares (83,565 common shares + 15,896 warrant shares).
- Ownership percentage: 4.38% based on 2,272,927 shares outstanding as of October 7, 2026.
- No consideration was used in the exchange; no other transactions in the last 60 days.
- No change in purpose, demands, or intentions from prior filings.
Financial Impact
Exchange of 265 Series D Preferred shares for 1,458 common shares; no cash consideration involved.
Risk Factors
- No material risks identified from this filing.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001493152-26-046184 |
| Document: 0001493152-26-046184-index.html | 0001493152-26-046184 |
| Document: 0001493152-26-046184.txt | 0001493152-26-046184 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | SC 13D/A | $0.8910 $0.8070 | ▼ −9.43% | ▼ −9.15% | $0.8200 (−7.97%) |
Oct 6, 2026 20d ago | SC 13D/A | $0.8440 $0.8690 | ▲ +2.96% | ▲ +3.94% | $0.8200 (−2.84%) |
Oct 5, 2026 22d ago | SC TO-I/A | $1.13 $0.8586 | ▲ +24.02% | ▲ +24.44% | $0.8200 (+27.43%) |
Oct 5, 2026 22d ago | 425 | $1.13 $0.8586 | ▲ +24.02% | ▲ +24.44% | $0.8200 (+27.43%) |
Oct 5, 2026 22d ago | 8-K | $1.13 $0.8586 | ▼ −24.02% | ▼ −24.44% | $0.8200 (−27.43%) |
Sep 3, 2026 7w ago | EFFECT | $1.41 $1.35 | ▼ −3.91% | ▼ −2.77% | $0.8200 (−41.64%) |
Sep 2, 2026 7w ago | 425 / 8-K | $1.44 $1.35 | ▲ +6.60% | ▲ +5.64% | $0.8200 (+43.06%) |
Aug 7, 2026 11w ago | S-4 | $1.53 $1.45 | ▲ +5.23% | ▲ +5.18% | $0.8200 (+46.41%) |
US Market Status
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