Amended Statement of Beneficial Ownership (sc 13d/a)
April 30 2021 - 5:01PM
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. 2)1
SilverSun
Technologies, Inc.
(Name of Issuer)
Common Stock, $0.00001 par value
(Title of Class of Securities)
82846H207
(CUSIP Number)
Milton
C. Ault, III
AULT GLOBAL
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)
April 28, 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).
1
|
NAME
OF REPORTING PERSONS
Ault Global Holdings, Inc.
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) o
(b) o
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
WC
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
DELAWARE
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE
VOTING POWER
502,000
|
8
|
SHARED
VOTING POWER
510,800
|
9
|
SOLE
DISPOSITIVE POWER
502,000
|
10
|
SHARED
DISPOSITIVE POWER
510,800
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
510,800
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.09%
|
14
|
TYPE
OF REPORTING PERSON
CO
|
1
|
NAME
OF REPORTING PERSONS
Milton C. Ault, III
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) o
(b) o
|
3
|
SEC
USE ONLY
|
4
|
SOURCE
OF FUNDS
PF
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) o
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE
VOTING POWER
8,800
|
8
|
SHARED
VOTING POWER
510,800
|
9
|
SOLE
DISPOSITIVE POWER
8,800
|
10
|
SHARED
DISPOSITIVE POWER
510,800
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
510,800
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.09%
|
14
|
TYPE
OF REPORTING PERSON
IN
|
The following constitutes
Amendment No. 2 to the Schedule 13D filed by the undersigned (“Amendment No. 2”) on April 5, 2021, as amended on April
20, 2021 (the “Schedule 13D”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Except
as otherwise specified in this Amendment No. 2, all items in the Schedule 13D are unchanged. All capitalized terms used in this Amendment
No. 2 and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
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 $1,590,291.30
for the purchase of the Shares.
The Shares acquired by AGH
as reported on this Amendment No. 2 increased AGH’s aggregate expenditures by $316,330.85. Consequently, as of the date of this
Amendment No. 2, AGH has expended an aggregate of $1,906,622.15 for the purchase of the Shares.
The Shares purchased by Ault as reported
on the Schedule 13D were purchased with personal funds in open market purchases. Ault expended an aggregate of $26,783.10 for the purchase
of the Shares.
|
Item 5.
|
Interest in Securities of the Issuer.
|
The aggregate percentage of
Shares reported owned by the Reporting Persons herein is based upon 5,061,177 Shares outstanding, which is the total number of Shares
outstanding as of March 24, 2021, as reported in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange
Commission on March 25, 2021.
AGH
|
(a)
|
As of the close of business on April
28, 2021, AGH beneficially owned 502,000 Shares.
|
Percentage: Approximately 9.92%
|
(b)
|
1. Sole power to vote or direct vote: 502,000
2. Shared power to vote or direct vote: 510,800
3. Sole power to dispose or direct the disposition: 502,000
4. Shared power to dispose or direct the disposition: 510,800
|
|
(c)
|
AGH
has not entered into any transactions in the Shares during the past sixty days except for
the open market purchases conducted by its wholly-owned subsidiary Digital Power Lending,
LLC set forth below.
|
Ault
|
(a)
|
As of the close of business on April
28, 2021, Ault beneficially owned 8,800 Shares.
|
Percentage: Approximately 0.18%
|
(b)
|
1. Sole power to vote or direct vote: 8,800
2. Shared power to vote or direct vote: 510,800
3. Sole power to dispose or direct the disposition: 8,800
4. Shared power to dispose or direct the disposition: 510,800
|
|
(c)
|
Ault has not entered into any transactions
in the Shares during the past sixty days except for the open market purchases conducted by
him set forth below.
|
Digital Power Lending, LLC
Digital Power Lending, a
wholly-owned subsidiary of AGH, engaged in the following transactions in the Shares since April 20, 2021:
Date
|
Transaction
|
Quantity
|
Weighted Average Price
|
4/20/2021
|
Purchase
|
405
|
$6.43
|
4/20/2021
|
Purchase
|
48,095
|
$6.05
|
4/22/2021
|
Purchase
|
1,500
|
$6.42
|
4/28/2021
|
Purchase
|
2,000
|
$6.66
|
Ault
Ault, the Executive Chairman of AGH, has
not engaged in any transactions in the Shares since March 26, 2021.
|
(d)
|
No person other than the Reporting
Persons are 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.
|
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
|
Other than as described herein,
there are no contracts, arrangements, understandings or relationships between or among the Reporting Person and any other person, with
respect to the securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
SIGNATURES
After reasonable inquiry and
to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: April 30, 2021
|
AULT GLOBAL HOLDINGS, INC.
|
|
|
|
|
By:
|
/s/ Milton C. Ault III
|
|
|
Milton C. Ault III
Executive Chairman
|
|
DIGITAL POWER LENDING, LLC
|
|
|
|
|
By:
|
/s/ David Katzoff
|
|
|
David Katzoff
Manager
|
|
MILTON C. AULT, III
|
|
|
|
|
By:
|
/s/ Milton C. Ault III
|
|
|
Milton C. Ault III
An Individual
|
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