UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BARK, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
68622E 104
(CUSIP Number)
Jonathan J. Ledecky
c/o Graubard Miller
405 Lexington Avenue, 44th Floor
New York, NY 10174
(212)818-8800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 3, 2024
(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. ☐
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.
| * | 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. |
NAMES OF REPORTING PERSONS
Jonathan J. Ledecky |
| 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)
PF |
| 5. | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ☐
|
| 6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7. |
SOLE VOTING POWER
9,053,838 (1) (2) |
| 8. |
SHARED VOTING POWER
0 | |
| 9. |
SOLE DISPOSITIVE POWER
9,053,838 (1) (2) | |
| 10. |
SHARED DISPOSITIVE POWER
0 |
| 11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,053,838 (1) (2) |
| 12. | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐
|
| 13. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.03% (3) |
| 14. |
TYPE OF REPORTING PERSON (see instructions)
IN |
| (1) | Represents shares held by Mr. Ledecky in his individual capacity and shares held by Ironbound Partners Fund, LLC. Mr. Ledecky is the Managing Member of Ironbound Partners Fund, LLC. Notwithstanding his dispositive and voting control over such shares, Mr. Ledecky disclaims beneficial ownership of the shares of Issuer common stock held by Ironbound Partners Fund, LLC, except to the extent of his pecuniary interest therein. |
| (2) | Represents 9,053,838 shares of Issuer’s common stock, including 4,558,000 shares of Issuer common stock issuable upon exercise of warrants which are currently exercisable. |
| (3) | Based on 175,616,406 shares of the Issuer’s common stock outstanding as of May 29, 2024 as reported in the Issuer’s Annual Report on Form 10-K filed with the SEC on June 3, 2024. |
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SCHEDULE 13D
This Amendment No. 2, filed with the Securities and Exchange Commission (“SEC”) by Jonathan J. Ledecky (the “Reporting Person”), amends the Schedule 13D initially filed jointly with the SEC by Northern Star Sponsor LLC, a Delaware limited liability company (the “Sponsor”), Joanna Coles and the Reporting Person on June 14, 2021 with respect to the common stock, par value $0.0001 per share (“Common Stock”), of Bark, Inc. (formerly The Original BARK Company) (the “Issuer”) (the “Initial Schedule 13D”), as amended by the Schedule 13D Amendment No. 1 filed jointly by the Sponsor and the Reporting Person with the SEC on June 7, 2024 (the “Amendment No. 1”, the Initial Schedule 13D as amended thereby the “Existing Schedule 13D”, the Existing Schedule 13D as amended hereby, this “Schedule 13D”). Except as set forth below, the disclosure in the Existing Schedule 13D remains unchanged. Capitalized terms used herein which are not defined herein have the meaning given to them in the Existing Schedule 13D.
The percentage of beneficial ownership reflected in this Schedule 13D is based upon 175,616,406 shares of Common Stock outstanding as of May 29, 2024 as reported by the Issuer in its Annual Report on Form 10-K, as filed with the SEC June 3, 2024.
Item 5. Interest in Securities of the Issuer
Item 5 of the Existing Schedule 13D is hereby amended and restated in its entirety as follows:
(a)-(b) The aggregate number and percentage of Common Stock beneficially owned by the Reporting Persons (on the basis of a total of 175,616,406 shares of Common Stock outstanding as of May 29, 2024) are as follows:
Jonathan J. Ledecky
| a) | Amount beneficially owned: 9,053,838 | Percentage: 5.03 | % | |||
| b) | Number of shares to which the Reporting Person has: | |||||
| i. | Sole power to vote or to direct the vote: | 9,053,838 | ||||
| ii. | Shared power to vote or to direct the vote: | 0 | ||||
| iii. | Sole power to dispose or to direct the disposition of: | 9,053,838 | ||||
| iv. | Shared power to dispose or to direct the disposition of: | 0 | ||||
Jonathan J. Ledecky, Managing Member of Ironbound Partners Fund, LLC, has sole voting and dispositive power of the securities held by Ironbound Partners Fund, LLC. Notwithstanding his dispositive and voting control over such securities, Mr. Ledecky disclaims beneficial ownership of the securities of the Issuer held by Ironbound Partners Fund, LLC, except to the extent of his pecuniary interest therein.
(c) Mr. Ledecky has not effected any transactions of the Issuer’s Common Stock during the 60 days preceding the date of this report, except as described in Item 5(e) of this Schedule 13D which information is incorporated herein by reference.
(d) Not applicable.
(e) Not applicable.
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Signatures
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: July 17, 2024 | By: |
/s/ Jonathan J. Ledecky |
| Jonathan J. Ledecky |
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