SCHEDULE: Integrated BioPharma: Reporting Group Exits Ownership
Schedule 13D Amendment
The reporting group, including the estate of Carl DeSantis, has ceased beneficial ownership of Integrated BioPharma, Inc. shares.
Summary
- The reporting group, consisting of CD Financial, LLC, CDS Group Holdings, L.L.C., and the estate of Carl DeSantis, has officially exited its position in Integrated BioPharma, Inc.
- As of April 15, 2026, the group holds 0 shares, representing 0.0% of the company's outstanding common stock.
- The exit follows the transfer of all shares to CDDS 2.0, LLC, an entity controlled by Damon DeSantis, following the death of Carl DeSantis.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event reflecting the conclusion of an estate's reporting obligations rather than a change in the company's operational health.
Positives
- The filing provides clear transparency regarding the finalization of the estate's divestment.
- The transition of ownership to a related party (Damon DeSantis) suggests an orderly transfer of assets.
Negatives
- The loss of a long-term reporting shareholder may reduce institutional visibility for the issuer.
Risks
- The issuer may face changes in shareholder composition and potential shifts in strategic influence following the transfer of a significant block of shares to a new entity.
Future Outlook
The reporting group has no present plans or proposals regarding the issuer and has exited its reporting obligations.
Industry Context
StockSavvy.ai notes that this filing represents a standard administrative cleanup following an estate transition, which is common in closely held or family-controlled small-cap entities.
Comparison to Industry Standards
- The filing adheres to standard SEC requirements for reporting the cessation of beneficial ownership under Section 13(d).
- The transition of shares to a successor entity is consistent with typical estate management practices for publicly traded securities.
Legal Proceedings
- None reported.
Related Party Transactions
- The transfer of shares to CDDS 2.0, LLC, an entity controlled by Damon DeSantis, is a related party transaction resulting from the estate of Carl DeSantis.
Stakeholder Impact
- Shareholders should note the shift in beneficial ownership to CDDS 2.0, LLC, which now holds more than 5% of the issuer's stock.
Next Steps
- The reporting group will no longer file reports regarding the issuer.
Key Dates
| Date | Description |
|---|---|
| 08/10/2023 | Date of death of Carl DeSantis. |
| 03/24/2026 | Initial transfer of shares to CDDS 2.0, LLC. |
| 03/30/2026 | Secondary transfer of shares to CDDS 2.0, LLC. |
| 04/15/2026 | Final transfer of shares and date the reporting group ceased to be beneficial owners. |
| 04/17/2026 | Date of filing of the Schedule 13D Amendment. |
Keywords
Integrated BioPharma, Schedule 13D, Beneficial Ownership, Divestment, Estate Planning, Carl DeSantis
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.