Statement of Beneficial Ownership (sc 13d)
November 06 2018 - 12:53PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13D
(Amendment
No. ___)
(RULE
13D-101)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO
RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
MER Telemanagement Solutions Ltd
(NAME
OF ISSUER)
Ordinary Shares, par value NIS 0.03 per share
(TITLE
OF CLASS OF SECURITIES)
M69676209
(CUSIP
NUMBER)
Alpha
Capital Anstalt
Lettstrasse
32
9490
Vaduz, Liechtenstein
011-423-2323195
NAME,
ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO
RECEIVE NOTICES AND COMMUNICATIONS)
October 29, 2018
(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 WHICH IS THE SUBJECT OF THIS SCHEDULE
13D, AND IS FILING THIS SCHEDULE BECAUSE OF RULE 13D-1(E), 13D-1(F) OR 13D-1(G), CHECK THE FOLLOWING BOX ☒.
NOTE:
SCHEDULES FILED IN PAPER FORMAT SHALL INCLUDE A SIGNED ORIGINAL AND FIVE COPIES OF THE SCHEDULE, INCLUDING ALL EXHIBITS. SEE RULE
240.13D-7 FOR OTHER PARTIES TO WHOM COPIES ARE TO BE SENT.
*
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).
SCHEDULE 13D
CUSIP
NO:
|
|
|
|
|
|
|
(1)
|
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Alpha Capital Anstalt
|
(2)
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) ☐
(B) ☐
|
(3)
|
|
SEC
USE ONLY
|
(4)
|
|
SOURCE
OF FUNDS (SEE INSTRUCTIONS)
WC
and OO
|
(5)
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E)
☐
|
(6)
|
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Liechtenstein
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
(7)
|
|
SOLE
VOTING POWER –
328,923 *
|
|
(8)
|
|
SHARED
VOTING POWER –
0
|
|
(9)
|
|
SOLE
DISPOSITIVE POWER –
328,923 *
|
|
(10)
|
|
SHARED
DISPOSITIVE POWER –
0
|
(11)
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON –
328,923 *
|
(12)
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) ☐
|
(13)
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.99% *
|
(14)
|
|
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
|
*
|
Based on 3,292,523 Ordinary Shares that the Issuer advised were issued and outstanding as of November 4, 2018
.
Does not include the shares underlying the Convertible Preferred Stock Alpha Capital Anstalt (“Alpha”) can beneficially
control under a contractually stipulated 9.99% ownership restriction. The full conversion of Alpha’s securities would exceed
this restriction.
|
1
SCHEDULE
13D
CUSIP
NO:
M69676209
ITEM 1.
|
SECURITY AND ISSUER.
|
Ordinary Shares, par value NIS $0.03
per share
MER Telemanagement Solutions Ltd.
Address: 14 Hatidhar Street, Ra’anana
4366516, Israel
ITEM
2.
|
IDENTITY AND BACKGROUND.
|
Alpha
Capital Anstalt
Lettstrasse
32
9490
Vaduz, Liechtenstein
Citizenship
- Liechtenstein
ITEM 3.
|
SOURCE
AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
|
In connection with a Securities Purchase Agreement dated September 6, 2018 and subject to shareholder approval,
which approval was received on October 28, 2018, Alpha Capital Anstalt (“Alpha”) was issued convertible Preferred Stock.
The foregoing securities issued to Alpha contain a 9.99% “blocker” provision designed to prevent Alpha from being a
beneficial owner of more than 9.99% of the Issuer’s Common Stock.
ITEM 4.
|
PURPOSE OF TRANSACTION.
|
Alpha Capital Anstalt (“Alpha”)
has the right to acquire up to a further 1,315,789 shares of Mer Preferred Stock at a price of $1.14 per share, for a period ending
October 30, 2019. The Preferred Stock is subject to a beneficial ownership blocker of 9.99% of the issued and outstanding ordinary
shares, or 328,923 ordinary shares as of the date of this filing. Alpha previously owned 175,439 ordinary shares of Mer, as disclosed
in its initial filing on Schedule 13G. All of such shares are restricted securities for purposes of Rule 144. Alpha has piggyback
registration rights with respect to the underlying ordinary shares, but no demand registration rights.
As part of its investment, Alpha has a one-time
right to designate two of five members of the Board of Directors of Mer, each to serve for a single two year term. Alpha has designated
Scott Burrell and Isaac Onn as its designees. Both such persons are independent directors of Mer within the meaning of applicable
Nasdaq corporate governance rules, and both such persons are otherwise not affiliates of Alpha. There are no agreements or other
arrangements between such designees and Alpha with respect to voting on any matters that may come before the board of directors
of Mer.
In addition, in the event that either of the
two directors designated by Alpha vacates his office, then the remaining director designated by Alpha will be entitled to nominate
a replacement for the director whose office was vacated, and if no such nomination is made, then Alpha will have the right to
appoint a replacement director.
Alpha believes that Mer’s current business
is unlikely to become profitable in the foreseeable future, and hopes that the management and the newly constituted board of directors
will explore other lines of business to either develop organically or via acquisition. Alpha is not aware of any present plans
by Mer to develop or acquire any other company or line of business, and has not suggested, nor does it have any rights, to require
any particular future action by Mer.
2
SCHEDULE 13D
CUSIP NO:
M69676209
ITEM 5.
|
INTEREST IN SECURITIES OF THE ISSUER.
|
328,923, 9.99% *
ITEM
6.
|
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
|
See response to Item 4 above.
ITEM 7.
|
MATERIALS TO BE FILED AS EXHIBITS.
|
None.
SCHEDULE
13D
CUSIP
NO:
M69676209
SIGNATURE
AFTER
REASONABLE INQUIRY AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, I CERTIFY THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS TRUE,
COMPLETE AND CORRECT.
DATED:
11/5/18
|
/s/ Konrad Ackermann
|
|
Alpha Capital Anstalt
|
|
By:
|
Konrad
Ackermann, Director
|
4
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