Amended Statement of Beneficial Ownership (sc 13d/a)
June 29 2021 - 6:06AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO
FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment
No. 3)1
Ikonics Corporation
(Name of Issuer)
Common Stock, $0. 10 par value
(Title of Class of Securities)
45172K102
(CUSIP Number)
Milton
C, Ault III
AULT
GLOBAL Holdings, Inc.
Formerly Known as DPW Holdings, Inc.
11411
Southern Highlands Parkway, Suite 240
Las
Vegas, NV 89141
(949)
444-5464
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 25, 2021
(Date of Event Which Requires Filing of
This Statement)
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 o.
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §
240.13d-7 for other parties to whom copies are to be sent.
_______________
1 The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in
a prior cover page.
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).
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1
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NAME OF REPORTING PERSONS
Ault Global Holdings, Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) o
(b) o
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
2,000
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
2,000
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.10%
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14
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TYPE OF REPORTING PERSON
CO
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The following constitutes
Amendment No. 3 to the Schedule 13D filed by the undersigned (“Amendment No. 2”) on January 14, 2021, as amended on
January 27, 2021 and January 28, 2021 (the “Schedule 13D”). This Amendment No. 3 amends the Schedule 13D as specifically
set forth herein.
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Item 2.
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Identity and Background.
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(a) This
statement is filed on behalf of Ault Global Holdings, Inc. (“AGH”), a Delaware corporation (the “Reporting
Person”).
Set forth on Schedule A
annexed hereto (“Schedule A”) is the name and present principal occupation or employment, principal business address
and citizenship of the executive officers and directors of AGH. To the best of each Reporting Person’s knowledge, except as otherwise
set forth herein, none of the persons listed on Schedule A beneficially owns any securities of the Issuer or is a party to any contract,
agreement or understanding required to be disclosed herein.
(d) Neither
the Reporting Person nor any person listed on Schedule A has, during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) Neither
the Reporting Person nor any person listed on Schedule A has, during the last five years, been party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) AGH
is incorporated under the laws of Delaware. The citizenship of the persons listed on Schedule A is set forth therein.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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The Shares purchased by
AGH as reported on the Schedule 13D were purchased with working capital in open market purchases. AGH expended an aggregate of $1,771,514.21
for the purchase of the Shares.
The Shares traded by AGH
subsequent to the Schedule 13D reduced AGH’s aggregate expenditures by $4,379,029.00. Consequently, as of the date of this Amendment
No. 3, AGH received an aggregate amount of $2,607,514.79 in proceeds from the sale of the Shares.
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Item 5.
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Interest in Securities of the Issuer.
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The
aggregate percentage of Shares reported owned by the Reporting Person herein is based upon
1,977,854 Shares outstanding, which is the total number of Shares outstanding as of May 7,
2021, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities
and Exchange Commission on May 13, 2021.
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(a)
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As of the close of business on June
28, 2021, the Reporting Person directly beneficially owned 2,000 Shares.
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Percentage: Approximately
0.10%
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(b)
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1. Sole power to vote or direct vote: 2,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,000
4. Shared power to dispose or direct the disposition: 0
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(c)
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AGH has not entered into any transactions
in the Shares during the past sixty days except for the open market transactions conducted
by its wholly-owned subsidiary Digital Power Lending, LLC set forth below.
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Digital Power Lending,
LLC
Digital
Power Lending, a wholly-owned subsidiary of AGH, engaged in the following transactions in
the Shares during the last 60 days:
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Date
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Transaction
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Quantity
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Weighted Average Price
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6-25-21
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Sold
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197,500
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$22.10
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6-28-21
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Purchase
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2,000
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$20.83
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(d)
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No person other than the
Reporting Person is known to have the right to receive, or the power to direct the receipt
of dividends from, or proceeds from the sale of, the Shares.
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(e)
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Effective as of the close of business
on June 28, 2021, the Reporting Person ceased to be the beneficial owner of more than five
percent of the class of securities.
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SIGNATURES
After reasonable inquiry
and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: June 29, 2021
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AULT GLOBAL HOLDINGS, INC.
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By:
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/s/ Milton C. Ault III
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Milton C. Ault III
Executive Chairman
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DIGITAL POWER LENDING, LLC
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By:
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/s/ David Katzoff
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David Katzoff
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Manager
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SCHEDULE A
Directors and Officers of Ault
Global Holdings, Inc.
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Name and Position
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Principal Occupation
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Principal Business Address
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Citizenship
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Milton C. Ault, III
Executive Chairman
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Executive Chairman of Ault Global Holdings, Inc.
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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William B. Horne
Chief Executive Officer
and
Vice Chairman
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Chief Executive Officer of Ault Global Holdings, Inc.
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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Henry Nisser
President, General Counsel
and Director
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President and General Counsel of Ault Global Holdings, Inc.
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c/o Ault Global Holdings, Inc. 100 Park Avenue, 16th Floor
Suite 1658A,
New
York, NY 10017
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Sweden
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Howard Ash
Independent Director
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Chairman of Claridge Management
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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Jodi Brichan
Independent Director
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Independent Consultant
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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Jeffrey A. Bentz
Independent Director
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President of North Star Terminal & Stevedore Company
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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Robert O. Smith
Independent Director
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Independent Executive Consultant
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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Moti Rosenberg
Independent Director
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Independent Consultant
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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Israel
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Kenneth Cragun
Chief Financial Officer
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Chief Financial Officer of Ault Global Holdings, Inc.
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c/o Ault Global Holdings, Inc. 11411 Southern Highlands
Parkway, Suite 240,
Las Vegas, NV 89141
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USA
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