SCHEDULE 13D/A: JCP Investment Management and James C. Pappas Maintain Significant 18.1% Stake in Innovative Food Holdings Inc.

JCP Investment Management, LLC and James C. Pappas have filed an amended Schedule 13D, confirming their collective beneficial ownership of 18.1% of Innovative Food Holdings Inc. common stock, based on updated outstanding share counts.

Summary

• JCP Investment Management, LLC and James C. Pappas collectively report beneficial ownership of 9,909,167 shares of Innovative Food Holdings Inc. common stock.
• This represents approximately 18.1% of the Issuer's 54,785,684 shares outstanding as of May 8, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed on May 15, 2025.
• The filing is Amendment No. 13 to the Schedule 13D, triggered by an increase in the number of outstanding shares of the Issuer, which adjusted the reported percentage ownership.
• JCP Investment Partnership, LP directly beneficially owns 8,290,675 shares, constituting approximately 15.1% of the outstanding shares.
• An additional 1,618,492 shares are held in JCP Accounts, for which JCP Investment Management, LLC and Mr. Pappas share voting and dispositive power.
• The shares owned by JCP Partnership were primarily purchased with working capital, with 8,073,051 shares having an aggregate purchase price of approximately $3,956,566 (excluding brokerage commissions).
• An additional 217,624 shares owned by JCP Partnership were acquired through an in-kind contribution as detailed in Amendment No. 1.
• The 1,618,492 shares held in the JCP Accounts have an aggregate purchase price of approximately $1,733,553 (excluding brokerage commissions).
• No transactions in the securities of Innovative Food Holdings Inc. were conducted by the Reporting Persons during the sixty days prior to the filing date.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory filing (Schedule 13D Amendment) reporting changes in beneficial ownership percentages due to an updated outstanding share count. It contains no subjective language or forward-looking statements that would indicate a positive or negative sentiment.

Future Outlook

NA

Management Comments

• James C. Pappas, Managing Member of JCP Investment Management, LLC, certified that the information set forth in the statement is true, complete, and correct to the best of his knowledge and belief.

Industry Context

This filing is a routine regulatory disclosure of a significant shareholder's updated ownership stake, primarily driven by a change in the issuer's reported outstanding share count rather than new transactions by the reporting person. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The filing confirms a significant and stable ownership stake by JCP Investment Management and James C. Pappas, which could be viewed positively as a sign of long-term commitment from a major investor. The lack of recent transactions by the reporting persons suggests a holding pattern rather than active accumulation or divestment.

Key Dates

Keywords

Innovative Food Holdings Inc., JCP Investment Management, James C. Pappas, Schedule 13D, Beneficial Ownership, Common Stock, Investment Management, Shareholder Stake, SEC Filing