CUSIP No. 82846H207
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. 1)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)
February 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).
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
397,937
|
8
|
SHARED VOTING POWER
407,937
|
9
|
SOLE DISPOSITIVE POWER
397,937
|
10
|
SHARED DISPOSITIVE POWER
407,937
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
407,937
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.51%
|
14
|
TYPE OF REPORTING PERSON
CO
|
1
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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
10,000
|
8
|
SHARED VOTING POWER
407,937
|
9
|
SOLE DISPOSITIVE POWER
10,000
|
10
|
SHARED DISPOSITIVE POWER
407,937
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
407,937
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARESo
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.51%
|
14
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TYPE OF REPORTING PERSON
IN
|
The following constitutes
Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”) on February 1, 2021 (the “Schedule
13D”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.
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Item 1.
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Security and Issuer.
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This statement relates
to the Common Stock, $0.00001 par value (the “Shares”), of SilverSun Technologies, Inc., a Delaware corporation
(the “Issuer”). The address of the principal executive office of the Issuer is 120 Eagle Rock Ave, East Hanover,
NJ 07936.
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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”) and Milton C. Ault, III (“Ault”)
(each, a “Reporting Person” and collectively, the “Reporting Persons”).
|
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 $1,907,907 for the purchase of the Shares.
The Shares disposed of by AGH as reported
on this Amendment No. 1 reduced AGH’s aggregate expenditures by $355,464. Consequently, as of the date of this Amendment
No. 1, AGH has expended an aggregate of $1,552,443 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 $35,761.40 for the purchase 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 Persons herein is based upon 4,501,271 Shares outstanding, which is the total number
of Shares outstanding as of November 9, 2020, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities
and Exchange Commission on November 10, 2020.
AGH
|
(a)
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As of the close of business
on February 26, 2021, AGH beneficially owned 397,937 Shares
|
Percentage: Approximately
8.84%
|
(b)
|
1. Sole power to vote or direct vote: 397,937
2. Shared power to vote or direct vote: 407,937
3. Sole power to dispose or direct the disposition: 397,937
4. Shared power to dispose or direct the disposition: 407,937
|
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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 purchases conducted by its wholly owned subsidiary Digital Power Lending, LLC set forth below.
|
Ault
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(a)
|
As of the close of business on January 28, 2021, Ault beneficially owned 10,000 Shares.
|
Percentage: Approximately
0.22%
|
(b)
|
1. Sole power to vote or direct vote: 10,000
2. Shared power to vote or direct vote: 407,937
3. Sole power to dispose or direct the disposition: 10,000
4. Shared power to dispose or direct the disposition: 407,937
|
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(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 February 1, 2021:
Date
|
Transaction
|
Quantity
|
Weighted
Average Price
|
2/19/2021
|
Sale
|
10,178
|
$5.47
|
2/22/2021
|
Sale
|
20,359
|
$7.46
|
2/24/2021
|
Sale
|
7,781
|
$7.25
|
2/25/2021
|
Sale
|
25,000
|
$10.02
|
2/26/2021
|
Purchase
|
25,000
|
$6.36
|
Ault
Ault, the Executive
Chairman of AGH, has not engaged in any transactions in the Shares since February 1, 2021.
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(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.
|
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Item 6.
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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.
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Item 7.
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Material to be Filed as Exhibits.
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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: March 1, 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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MILTON C. AULT, III
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By:
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/s/ Milton C. Ault III
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Milton C. Ault III
An Individual
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