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    SEC Form SC 13G/A filed by Renren Inc. (Amendment)

    2/14/23 3:07:57 PM ET
    $RENN
    Retail-Auto Dealers and Gas Stations
    Consumer Discretionary
    Get the next $RENN alert in real time by email
    SC 13G/A 1 renren13ga1-021423.htm
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C.  20549
    SCHEDULE 13G

    Under the Securities Exchange Act of 1934
    (Amendment No. 1)*
    Renren Inc.
    (Name of Issuer)
    Class A Ordinary Shares, par value $0.001 per share
    (Title of Class of Securities)
    759892300**
    (CUSIP Number)
    December 31, 2022
    (Date of Event which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    [ ]            Rule 13d-1(b)
    [x]            Rule 13d-1(c)
    [ ]            Rule 13d-1(d)
    *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 Class A Ordinary Shares have no CUSIP number. The CUSIP number for the Issuer’s American depositary shares, each representing forty-five Class A Ordinary Shares, is 759892300.
    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
       
     
    Whitefort Capital Master Fund, LP
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [ ]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Cayman Islands
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    0
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    0
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    0
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    0%
       
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
    PN



    1.
    NAMES OF REPORTING PERSONS
       
     
    Whitefort Capital Management, LP
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [ ]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    Delaware
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    0
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    0
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    0
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    0%
       
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
    PN, IA
     
     


    1.
    NAMES OF REPORTING PERSONS
       
     
    David Salanic
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [ ]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    France
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    0
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    0
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    0
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    0%
       
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
    IN, HC
     
     


    1.
    NAMES OF REPORTING PERSONS
       
     
    Joseph Kaplan
       
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
       
     
    (a)    [ ]
     
    (b)    [ ]
       
    3.
    SEC USE ONLY
       
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
    United States
       
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
       
    5.
    SOLE VOTING POWER
       
     
    0
       
    6.
    SHARED VOTING POWER
       
     
    0
       
    7.
    SOLE DISPOSITIVE POWER
       
     
    0
       
    8.
    SHARED DISPOSITIVE POWER
       
     
    0
       
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
    0
       
    10.
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
    EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   [ ]
       
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
       
     
    0%
       
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
    IN, HC


    Item 1(a).
    Name of Issuer:
    Renren Inc. (“Issuer”)
    Item 1(b).
    Address of Issuer’s Principal Executive Offices:
    4/F, Tower D, Building 15
    No. 5 Jiangtai Road
    Chaoyang District, Beijing 100015
    People’s Republic of China
    Item 2(a).
    Name of Persons Filing:
    The names of the persons filing this statement on Schedule 13G are (collectively, the “Reporting Persons”):
    •
    Whitefort Capital Master Fund, LP, a Cayman Islands exempted limited partnership (the “Master Fund”);

    •
    Whitefort Capital Management, LP, a Delaware limited partnership (“Whitefort Management”);

    •
    David Salanic, a French citizen (“Mr. Salanic”); and

    •
    Joseph Kaplan, a United States citizen (“Mr. Kaplan”).
    Whitefort Management acts as the investment manager of the Master Fund. Each of Mr. Salanic and Mr. Kaplan is a Co-Managing Partner of Whitefort Management.
    By virtue of these relationships, each of Whitefort Management, Mr. Salanic and Mr. Kaplan may be deemed to have voting and dispositive power with respect to Class A Ordinary Shares (as defined below) owned by the Master Fund.
    Item 2(b).
    Address of Principal Business Office or, if None, Residence:
    The principal business address of each of the Reporting Persons is 12 East 49th Street, 40th Floor, New York, New York 10017.
    Item 2(c).
    Citizenship:
    Mr. Salanic is a citizen of France.
    Mr. Kaplan is a citizen of the United States.
    The Master Fund is a limited partnership formed under the laws of the Cayman Islands.
    Whitefort Management is a limited partnership formed under the laws of the State of Delaware.
    Item 2(d).
    Title of Class of Securities:
    Class A Ordinary Shares, par value $0.001 per share (the “Class A Ordinary Shares”)
    Item 2(e).
    CUSIP Number:
    759892300*
    *The Class A Ordinary Shares have no CUSIP number. The CUSIP number for the Issuer’s American depositary shares, each representing forty-five Class A Ordinary Shares, is 759892300.

    Item 3.
    If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
     
    (a)
    [ ]
    Broker or dealer registered under Section 15 of the Exchange Act.
           
     
    (b)
    [ ]
    Bank as defined in Section 3(a)(6) of the Exchange Act.
           
     
    (c)
    [ ]
    Insurance company defined in Section 3(a)(19) of the Exchange Act.
           
     
    (d)
    [ ]
    Investment company registered under Section 8 of the Investment Company Act.
           
     
    (e)
    [ ]
    Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
           
     
    (f)
    [ ]
    Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
           
     
    (g)
    [ ]
    Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
           
     
    (h)
    [ ]
    Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
           
     
    (i)
    [ ]
    Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
           
     
    (j)
    [ ]
    Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J).
           
     
    (k)
    [ ]
    Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

    Item 4.                          Ownership.
    As of the close of business on December 31, 2022, the Reporting Persons no longer owned any Class A Ordinary Shares.
    Item 5.
    Ownership of Five Percent or Less of a Class.
    If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
    Item 6.
    Ownership of More than Five Percent on Behalf of Another Person.
    Not applicable.
    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
    Not applicable.
    Item 8.
    Identification and Classification of Members of the Group.
    See Exhibit A of the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on  December 23, 2021.

    Item 9.
    Notice of Dissolution of Group.
    Not applicable.
    Item 10.
    Certification.
    By signing below each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


    SIGNATURES
    After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.
    Dated: February 14, 2023
    WHITEFORT CAPITAL MASTER FUND, LP
    By: Whitefort Capital GP, LLC, its general partner
     
    By:
    /s/ David Salanic
     
    David Salanic, Co-Managing Partner
         
    By:
    /s/ Joseph Kaplan
     
    Joseph Kaplan, Co-Managing Partner

    WHITEFORT CAPITAL MANAGEMENT, LP
     
    By:
    /s/ David Salanic
     
    David Salanic, Co-Managing Partner
         
    By:
    /s/ Joseph Kaplan
     
    Joseph Kaplan, Co-Managing Partner

    /s/ David Salanic
    DAVID SALANIC

    /s/ Joseph Kaplan
    JOSEPH KAPLAN


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