SCHEDULE: Mink Brook Entities Disclose 16.6% Stake in DLH Holdings Corp.

Mink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC, William Mueller, and Mink Brook Asset Management LLC collectively reported beneficial ownership of 16.6% of DLH Holdings Corp.'s common stock.

Summary

• Mink Brook Partners LP beneficially owns 1,689,128 shares, representing 11.7% of DLH Holdings Corp.'s common stock.
• Mink Brook Opportunity Fund LP beneficially owns 694,322 shares, representing 4.8% of DLH Holdings Corp.'s common stock.
• Mink Brook Capital GP LLC, as general partner for both Mink Brook Partners LP and Mink Brook Opportunity Fund LP, is deemed to have shared voting and dispositive power over 2,383,450 shares, representing 16.6% of the common stock.
• William Mueller, as managing member of Mink Brook Capital GP LLC and Mink Brook Asset Management LLC, is deemed to have shared voting and dispositive power over 2,383,450 shares, representing 16.6% of the common stock.
• Mink Brook Asset Management LLC is also deemed to have shared voting and dispositive power over 2,383,450 shares, representing 16.6% of the common stock.
• The percentages are calculated based on 14,386,468 shares of DLH Holdings Corp. common stock outstanding as of May 5, 2025, as disclosed in the company's March 31, 2025 Form 10-Q.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by institutional investors, indicating a significant passive stake in DLH Holdings Corp. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (16.6%) by Mink Brook entities may be viewed positively by some shareholders as it indicates institutional confidence or interest in the company, potentially influencing market perception and liquidity.

Key Dates

Keywords

DLH Holdings Corp., Mink Brook Partners, Mink Brook Opportunity Fund, Mink Brook Capital, William Mueller, Mink Brook Asset Management, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Schedule 13G, Equity Stake