SCHEDULE: Lynrock Lake Reports Dilution in Allot Ltd. Stake to 20.7%
Beneficial Ownership Amendment
Lynrock Lake LP and affiliates filed an Amendment No. 6 to their Schedule 13D, reporting a dilution of their beneficial ownership in Allot Ltd. to 20.7% due to an increase in outstanding shares, not through any transactions.
Summary
- Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (collectively, the "Reporting Persons") filed Amendment No. 6 to their Schedule 13D regarding their beneficial ownership in Allot Ltd.
- The amendment reports a dilution of the Reporting Persons' beneficial ownership percentage in Allot Ltd.'s ordinary shares.
- This dilution is not a result of any acquisition or disposition of securities by the Reporting Persons, but rather an increase in the total number of outstanding shares of Allot Ltd.
- As of the filing, Lynrock Lake LP and Lynrock Lake Partners LLC beneficially own 10,011,295 ordinary shares, representing 20.7% of the class.
- Cynthia Paul beneficially owns 10,043,295 ordinary shares, also representing 20.7% of the class, which includes 30,333 vested restricted share units and 1,667 restricted share units issuable within 60 days.
- The percentage is based on 48,452,616 ordinary shares outstanding, as reported in Allot Ltd.'s proxy statement filed on November 12, 2025, plus 1,667 shares issuable to Ms. Paul.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative for the reporting entity as their percentage ownership has been diluted, indicating a reduced relative stake. However, it's a factual reporting of a change in percentage, not a reflection of company performance or a major negative event.
Negatives
- The Reporting Persons' beneficial ownership percentage in Allot Ltd. has been diluted, indicating a reduced relative stake in the company without active divestment.
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
This filing is a routine disclosure of a change in beneficial ownership percentage for a significant shareholder and does not provide broader industry context or trends.
Related Party Transactions
- Certain feeder funds that invest in Lynrock Fund may have the right to receive dividends from, and proceeds from the sale of, the ordinary shares directly held by Lynrock Fund.
Stakeholder Impact
- Shareholders: The dilution of a significant shareholder's percentage could slightly alter the balance of power among major investors, though the overall impact on individual shareholders is likely minimal unless it signals a broader trend of share issuance.
Key Dates
| Date | Description |
|---|---|
| 2022-03-30 | Original Schedule 13D filed with the SEC. |
| 2022-06-15 | First amendment to Schedule 13D filed. |
| 2022-09-15 | Second amendment to Schedule 13D filed. |
| 2022-11-15 | Third amendment to Schedule 13D filed. |
| 2023-11-21 | Fourth amendment to Schedule 13D filed. |
| 2025-06-26 | Fifth amendment to Schedule 13D filed. |
| 2025-11-12 | Date of event requiring filing of this statement, corresponding to the filing of Allot Ltd.'s proxy statement reporting updated outstanding shares. |
| 2025-11-14 | Date of signing and filing of Amendment No. 6 to Schedule 13D. |
Keywords
Allot Ltd., Lynrock Lake LP, Cynthia Paul, Schedule 13D/A, beneficial ownership, dilution, ordinary shares, SEC filing
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