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| CUSIP No. 05587G 104 |
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13D |
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Page 10 of 12 |
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.
| Item 3. |
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.
| Item 4. |
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.
| Item 5. |
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.
| Item 6. |
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.
| Item 7. |
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.