Sec Form 13D Filing - Pani Corp. filing for - 2025-09-16

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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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. Checkbox not checked

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).






SCHEDULE 13D



Comment for Type of Reporting Person:
Note to Row 13: Percentage ownership is based on a total number of 12,628,731 common shares of the Issuer (each common share of the Issuer, a "Share") outstanding, calculated as the sum of (i) 5,994,731 Shares outstanding as of September 12, 2025, as disclosed by the Issuer in the Prospectus Supplement (as defined herein), and (ii) 6,634,000 Shares issued pursuant to the Underwriting Agreement (as defined herein).


SCHEDULE 13D



Comment for Type of Reporting Person:
Note to Rows 8 and 10: Mr. Panagiotidis is the sole shareholder of Pani Corp. and he disclaims beneficial ownership of the 580,405 Shares, except to the extent of his pecuniary, voting and dispositive interests in such Shares.
 
 Note to Row 8: Pelagos Holdings Corp., an entity controlled by Mr. Panagiotidis, also owns 40,000 Series B Preferred Shares of the Issuer. Each Series B Preferred Share has the voting power of 100,000 Shares.
 
 Note to Row 13: Percentage ownership is based on a total number of 12,628,731 Shares outstanding, calculated as the sum of (i) 5,994,731 Shares outstanding as of September 12, 2025, as disclosed by the Issuer in the Prospectus Supplement (as defined herein), and (ii) 6,634,000 Shares issued pursuant to the Underwriting Agreement (as defined herein).


SCHEDULE 13D

 
Pani Corp.
 
Signature:/s/ Andreas Avgousti
Name/Title:Andreas Avgousti / Director
Date:09/16/2025
 
Petros Panagiotis Panagiotidis
 
Signature:/s/ Petros Panagiotis Panagiotidis
Name/Title:Petros Panagiotis Panagiotidis
Date:09/16/2025
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