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CUSIP No. 05587G 104
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13D
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Page 10 of 12
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This Amendment No. 15 to Statement of Beneficial Ownership on Schedule 13D (this
“Amendment No. 15”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on September 3, 2014, as amended (the “Schedule 13D” or this “Statement”), with respect to the
Common Stock, par value $0.60 per share (the “Common Stock”), of BK Technologies Corporation, a Nevada corporation (the “Company”). Capitalized terms used but not defined in this Amendment No. 15 shall have the meanings set
forth in the Schedule 13D. Except as amended and supplemented by this Amendment No. 15, the Schedule 13D remains unchanged.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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The total cost for purchasing the Common Stock reported as owned by the Reporting Persons, including brokerage commissions, was approximately
as follows: FGHP, $5,023,775 and Mr. Moglia, $3,218,559. The source of these funds was working capital or personal funds, as applicable. FAFI and FGPM transferred to BK Technologies Holdings, LLC (“BKTH”) the 1,544,438 shares of
Common Stock reported as owned by BKTH.
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Item 4.
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Purpose of Transaction.
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On July 22, 2021, Fundamental Global Investors, LLC entered into a Purchase Agreement (“Purchase Agreement”) with Metrolina
Capital Investors, LLC, pursuant to which Fundamental Global Investors, LLC sold 630,915 shares of common stock of the Company to Metrolina Capital Investors, LLC for an aggregate price of $2,000,000.55. A copy of the Purchase Agreement is filed
herewith as Exhibit 99.1 and incorporated herein by reference.
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Item 5.
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Interest in Securities of the Issuer.
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(a) The Reporting Persons beneficially own in the aggregate 3,496,097 shares of Common Stock, which represents approximately 20.83% of the
Company’s outstanding shares of Common Stock.
Each percentage ownership of shares of Common Stock set forth in this Statement is
based on 16,785,721 shares of Common Stock after closing of the Company’s public offering of 4,249,250 shares of its common stock on June 9, 2021.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of
1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Amendment No. 15, which agreement is set forth on the signature page to this Statement.
That certain Purchase Agreement, dated as of July 22, 2021, by and between Fundamental Global Investors, LLC and Metrolina Capital
Investors, LLC pursuant to which Fundamental Global Investors, LLC sold 630,915 shares of common stock of the Company to Metrolina Capital Investors, LLC for an aggregate price of $2,000,000.55.
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Item 7.
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Material to Be Filed as Exhibits.
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99.1 Purchase Agreement, dated as of July 22, 2021, by and between Fundamental Global Investors, LLC and Metrolina Capital Investors, LLC.