SCHEDULE: BCCM Advisors Discloses 8.9% Stake in Lendway

BCCM Advisors, along with its affiliated funds, has disclosed a beneficial ownership of 8.9% in Lendway, Inc. common stock.

Summary

• BCCM Advisors, LLC, an investment adviser, along with its managed funds Blue Clay Capital Partners LP and Blue Clay Capital Smid-Cap LO LP, collectively reported beneficial ownership in Lendway, Inc.
• The filing, a Schedule 13G, indicates that BCCM Advisors, LLC beneficially owns 156,930 shares, representing 8.9% of Lendway's common stock.
• Blue Clay Capital Partners LP holds 84,991 shares, equating to 4.8% of the class.
• Blue Clay Capital Smid-Cap LO LP holds 71,939 shares, equating to 4.1% of the class.
• All reporting persons share both voting and dispositive power over their respective shares.
• The ownership percentages are based on 1,769,599 shares of common stock outstanding as of September 24, 2025, as reported in Lendway's Proxy Statement filed on October 6, 2025.
• The securities were not acquired or held for the purpose of changing or influencing the control of Lendway, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: The filing indicates a significant passive investment by an institutional entity, which can be viewed positively as a vote of confidence in the company. The explicit statement against influencing control reduces potential uncertainty for existing management and shareholders. No negative operational or financial news is present.

Positives

• A significant institutional investor, BCCM Advisors, LLC, has taken a notable stake in Lendway, Inc., potentially signaling confidence in the company's prospects.
• The reporting persons explicitly state that their acquisition and holding of securities are not for the purpose of changing or influencing control, which may reduce concerns about activist investor intervention for current management.

Negatives

• No explicit negative information is contained within this beneficial ownership disclosure.

Risks

• The filing does not detail specific risks related to Lendway, Inc.'s operations or financial health, as it is a disclosure of beneficial ownership by an investor.

Future Outlook

This filing does not provide any forward-looking statements or guidance regarding Lendway, Inc.'s future performance or outlook. It is solely a disclosure of beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." Michael Yee, COO of BCCM Advisors, LLC, Blue Clay Capital Partners LP, and Blue Clay Capital Smid-Cap LO LP.

Industry Context

This filing indicates a significant investment by an institutional asset manager in Lendway, Inc. While not providing broad industry trends, it suggests that certain investment firms see value in companies within Lendway's sector, potentially reflecting a positive sentiment towards specific market segments or growth opportunities.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a common regulatory disclosure for institutional investors acquiring more than 5% of a company's stock without the intent to control or influence management. The ownership percentages disclosed are typical for passive institutional stakes.

Stakeholder Impact

• Shareholders: May view the significant institutional investment as a positive signal, potentially increasing investor confidence and liquidity.
• Management: The explicit statement of passive intent by the investor may alleviate concerns about potential activist pressure or control changes, allowing management to focus on long-term strategy.

Next Steps

• Lendway, Inc. will continue its normal operations.
• BCCM Advisors, LLC and its funds will continue to hold their investment in Lendway, Inc. and may adjust their holdings in the future, which would be disclosed in subsequent filings if thresholds are met.

Key Dates

Recommendation

The filing indicates a significant institutional stake, which is generally a positive signal. However, as a passive 13G filing, it does not provide new operational or financial data about Lendway, Inc. that would warrant a 'buy' or 'sell' recommendation. It primarily confirms an existing or recently established position by an institutional investor. Investors should 'hold' and await further company-specific news or financial results for a more comprehensive assessment.

Keywords

Lendway Inc., BCCM Advisors, Blue Clay Capital, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Institutional Investor