Amendment: SEC Form SCHEDULE 13D/A filed by Vislink Technologies Inc.
$VISL
Telecommunications Equipment
Telecommunications
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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Vislink Technologies, Inc. (Name of Issuer) |
Common Stock par value $0.00001 per share (Title of Class of Securities) |
92836Y409 (CUSIP Number) |
Kenneth Schlesinger, Esq. Olshan Frome Wolosky LLP, 1325 Avenue of the Americas New York, NY, 10019 212-451-2300 Andrew J. Astore, Esq. Olshan Frome Wolosky LLP, 1325 Avenue of the Americas New York, NY, 10019 212-451-2300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
02/19/2025 (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.
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
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| CUSIP No. | 92836Y409 |
| 1 |
Name of reporting person
Hale Capital Partners, LP | ||||||||
| 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 | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
324,405.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
13.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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| CUSIP No. | 92836Y409 |
| 1 |
Name of reporting person
HALE MARTIN M JR | ||||||||
| 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)
AF | ||||||||
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
324,405.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
13.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| CUSIP No. | 92836Y409 |
| 1 |
Name of reporting person
Hale Fund Management, LLC | ||||||||
| 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)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
324,405.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
13.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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| CUSIP No. | 92836Y409 |
| 1 |
Name of reporting person
Hale Capital Management, LP | ||||||||
| 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)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
324,405.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
13.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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| CUSIP No. | 92836Y409 |
| 1 |
Name of reporting person
Hale Fund Partners, LLC | ||||||||
| 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)
AF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
324,405.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
13.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock par value $0.00001 per share | |
| (b) | Name of Issuer:
Vislink Technologies, Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
350 CLARK DRIVE, SUITE 125, MT. OLIVE,
NEW JERSEY
, 07828. | |
Item 1 Comment:
This Amendment No. 1 ("Amendment No. 1") amends the statement on Schedule 13D originally filed by the Reporting Persons on February 12, 2025 (the "Schedule 13D"), and relates to the common stock, par value $0.00001 per share of Vislink Technologies, Inc. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 1 shall have the meaning assigned to such term in the Schedule 13D. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 is hereby amended and restated as follows:
The Shares were purchased directly by HCP with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the Shares is $922,268, including brokerage commissions. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Item 5(a) is hereby amended and restated as follows:
The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 2,464,419 Shares outstanding as of November 12, 2024, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 14, 2024.
As of the date hereof, HCP beneficially owned 324,405 Shares.
Percentage: Approximately 13.2%
As of the date hereof, Mr. Hale, as the Chief Executive Officer of HCP and managing member of HFP, the general partner of HCP, may be deemed to beneficially own the 324,405 Shares beneficially owned by HCP.
Percentage: Approximately 13.2%
As of the date hereof, HFM, as the general partner of HCM, the investment manager of HCP, may be deemed to beneficially own the 324,405 Shares beneficially owned by HCP.
Percentage: Approximately 13.2%
As of the date hereof, HCM, as the investment manager of HCP, may be deemed to beneficially own the 324,405 Shares beneficially owned by HCP.
Percentage: Approximately 13.2%
As of the date hereof, HFP, as the general partner of HCP, may be deemed to beneficially own the 324,405 Shares beneficially owned by HCP.
Percentage: Approximately 13.2% | |
| (b) | Item 5(b) is hereby amended and restated as follows:
HCP:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 324,405
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 324,405
Mr. Hale:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 324,405
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 324,405
HFM:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 324,405
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 324,405
HCM:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 324,405
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 324,405
HFP:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 324,405
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 324,405 | |
| (c) | Item 5(c) is hereby amended and restated as follows:
The transactions in the Shares by each of the Reporting Persons since the date of the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference. | |
| Item 7. | Material to be Filed as Exhibits. | |
1 - Transactions in the Securities of the Issuer Since the Date of the Schedule 13D | ||
| 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.
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