SCHEDULE 13G/A: Yuhua Lin Amends Dogness (International) Corp. Stake, Disclosing 9.41% Beneficial Ownership
Beneficial Ownership Disclosure Amendment
Yuhua Lin has filed an amended Schedule 13G, revealing a beneficial ownership of 344,436 Class A Common Shares, representing 9.41% of Dogness (International) Corp. as of December 31, 2024.
Summary
- Yuhua Lin, a citizen of the People's Republic of China, has filed an Amendment No. 1 to Schedule 13G regarding beneficial ownership in Dogness (International) Corp.
- As of December 31, 2024, Yuhua Lin beneficially owns 344,436 Class A Common Shares of Dogness (International) Corp.
- This ownership represents 9.41% of the Class A Common Shares outstanding, calculated based on 3,661,658 shares outstanding as of December 31, 2024.
- The filing indicates that immediately following the closing of a Securities Purchase Agreement on May 16, 2024, Yuhua Lin had beneficial ownership of 500,000 shares, indicating a decrease in holding since that date.
- Yuhua Lin holds sole voting power and sole dispositive power over all 344,436 shares, with no shared voting or dispositive power.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing a change in beneficial ownership. It does not inherently convey positive or negative sentiment about the company's performance, though a decrease in a significant holder's stake from a previous agreement could be interpreted neutrally to slightly negatively depending on external context.
Future Outlook
N/A
Industry Context
This filing is a standard regulatory disclosure of a significant shareholder's stake in Dogness (International) Corp., a company operating in the pet products industry. It does not provide broader industry trends or competitive analysis.
Related Party Transactions
- The document refers to a 'Securities Purchase Agreement' between the Reporting Person, Yuhua Lin, and the Issuer, Dogness (International) Corp., which represents a direct transaction between the two parties and could be considered a related party transaction.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant shareholder's stake and changes in their holdings, which can influence market perception and share price.
- Regulatory Bodies: Fulfills SEC disclosure requirements, ensuring market transparency.
Key Dates
| Date | Description |
|---|---|
| 2024-05-16 | Closing of Securities Purchase Agreement with Dogness (International) Corp., after which Yuhua Lin initially held 500,000 shares. |
| 2024-05-17 | Date Form 6-K was filed by Dogness (International) Corp. disclosing the Securities Purchase Agreement. |
| 2024-12-31 | Date of event which requires filing of this statement, and the date for which the number of Class A Common Shares outstanding (3,661,658) was calculated. |
| 2025-02-18 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
Dogness (International) Corp, Class A Common Shares, Schedule 13G, Beneficial Ownership, Yuhua Lin, SEC filing, Shareholding, Equity Stake, G2788T111
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