Form 4: Provco Ventures 1 LP Increases Stake in Dynatronics Corp Through Dividend Payment

Provco Ventures 1 LP acquired 315,721 shares of Dynatronics Corp common stock through a dividend payment on preferred stock.

Summary

• Provco Ventures 1 LP, a 10% owner of Dynatronics Corp, acquired 315,721 shares of common stock on January 2, 2025.
• The shares were acquired as a payment of quarterly dividends on 8% Preferred Stock.
• The dividend was paid in shares of common stock valued at 90% of the 10-day average closing bid price, at a price of $0.1083 per share.
• Following the transaction, Provco Ventures 1 LP directly owns 1,264,147 shares of Dynatronics Corp.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to dividend payments, which is neither particularly positive nor negative. It indicates continued investment by a major shareholder.

Positives

• The acquisition of shares through a dividend payment indicates continued investment by Provco Ventures 1 LP in Dynatronics Corp.

Industry Context

This filing reflects a routine transaction related to dividend payments and is not indicative of any broader industry trends or competitive shifts.

Stakeholder Impact

• The transaction increases Provco Ventures 1 LP's ownership stake in Dynatronics Corp, which may be viewed positively by other shareholders.

Key Dates

Keywords

Dynatronics Corp, Provco Ventures 1 LP, Beneficial Ownership, Dividend, Common Stock, Preferred Stock, SEC Form 4