Sec Form 13G Filing - Akaa Family LLLP filing for - 2025-11-12

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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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  Anthony Perera is the Manager of Akaa Family LLLP ("Akaa") and exercises voting and dispositive power over the shares of common stock held by Akaa. Mr. Perera does not directly own any of the shares held by Akaa and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The number of shares represented by the amount in Rows 6, 8 and 9 exclude 1,061,571 shares of the Issuer's common stock that may be purchased by exercising the Issuer's PIPE warrants held by Akaa. The PIPE Warrants are not exercisable within 60 days due to the 4.99% beneficial ownership limitations or "blockers," set forth in the applicable Securities Purchase Agreement, which provides that Akaa may not exercise the PIPE warrants for shares of common stock to the extent that, upon giving effect to such exercise Akaa would beneficially own greater than 4.99% of the Issuer's common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. For purposes of calculating the blockers, the number of shares of common stock beneficially owned by Akaa shall include the number of shares of common stock issuable upon exercise of the PIPE warrants with respect to which such determination is being made, but will exclude the number of shares of common stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of each such warrant beneficially owned by Akaa and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Issuer (including, without limitation, any other common stock equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained therein beneficially owned by Akaa. The aggregate number of shares of common stock and the percentage of total outstanding shares of common stock beneficially owned by the Reporting Persons gives effect to this beneficial ownership blocker pursuant to Rule 13d-3(d)(1)(i). The percent of class represented by the amount in Row 11 is based on 10,972,588 shares of the Issuer's common stock issued and outstanding as of September 25, 2025, as reported in the Issuer's Prospectus on Form 424B3 filed with the SEC on September 26, 2025.


SCHEDULE 13G



Comment for Type of Reporting Person:  Anthony Perera is the Manager of Akaa Family LLLP ("Akaa") and exercises voting and dispositive power over the shares of common stock held by Akaa. Mr. Perera does not directly own any of the shares held by Akaa and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The number of shares represented by the amount in Rows 6, 8 and 9 exclude 1,061,571 shares of the Issuer's common stock that may be purchased by exercising the Issuer's PIPE warrants held by Akaa. The PIPE Warrants are not exercisable within 60 days due to the 4.99% beneficial ownership limitations or "blockers," set forth in the applicable Securities Purchase Agreement, which provides that Akaa may not exercise the PIPE warrants for shares of common stock to the extent that, upon giving effect to such exercise Akaa would beneficially own greater than 4.99% of the Issuer's common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended. For purposes of calculating the blockers, the number of shares of common stock beneficially owned by Akaa shall include the number of shares of common stock issuable upon exercise of the PIPE warrants with respect to which such determination is being made, but will exclude the number of shares of common stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of each such warrant beneficially owned by Akaa and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Issuer (including, without limitation, any other common stock equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained therein beneficially owned by Akaa. The aggregate number of shares of common stock and the percentage of total outstanding shares of common stock beneficially owned by the Reporting Persons gives effect to this beneficial ownership blocker pursuant to Rule 13d-3(d)(1)(i). The percent of class represented by the amount in Row 11 is based on 10,972,588 shares of the Issuer's common stock issued and outstanding as of September 25, 2025, as reported in the Issuer's Prospectus on Form 424B3 filed with the SEC on September 26, 2025.


SCHEDULE 13G


 
Akaa Family LLLP
 
Signature:/s/ Anthony Perera
Name/Title:Anthony Perera, Manager
Date:11/12/2025
 
Anthony Perera
 
Signature:/s/ Anthony Perera
Name/Title:Anthony Perera, Self
Date:11/12/2025
Exhibit Information

99.1 Joint Filing Agreement.

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