SCHEDULE 13G/A: DDK Developments and Bart Zibrowski Disclose 8.20% Stake in SkyWater Technology
Beneficial Ownership Disclosure
DDK Developments, L.L.C. and Bart L. Zibrowski have jointly disclosed a beneficial ownership of 8.20% in SkyWater Technology, Inc., totaling 3,907,549 shares of common stock.
Summary
- Bart L. Zibrowski and DDK Developments, L.L.C. (collectively, the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in SkyWater Technology, Inc.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 3,907,549 shares of SkyWater Technology, Inc. common stock.
- This ownership represents 8.20% of the Issuer's common stock outstanding.
- The percentage calculation is based on 47,655,998 shares of common stock outstanding as of November 4, 2024, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on November 7, 2024.
- The Reporting Persons hold shared voting power and shared dispositive power over all 3,907,549 shares.
- The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides no positive or negative operational or financial news about the company itself.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This filing is a standard disclosure of a significant ownership stake in SkyWater Technology, Inc., a U.S.-based pure-play foundry. It reflects an investor's position rather than broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: The disclosure of a significant 8.20% ownership stake by DDK Developments and Bart L. Zibrowski provides transparency regarding major investors in SkyWater Technology, Inc., which can influence investor perception and potentially trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-11-04 | Date as of which 47,655,998 shares of common stock of SkyWater Technology, Inc. were outstanding, as disclosed in the Issuer's Quarterly Report on Form 10-Q. |
| 2024-11-07 | Date SkyWater Technology, Inc. filed its Quarterly Report on Form 10-Q with the SEC. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-01-07 | Date of signing for the Schedule 13G Amendment No. 3 by Bart Zibrowski and DDK Developments, L.L.C. |
Keywords
SkyWater Technology, SWTR, Schedule 13G, Beneficial Ownership, DDK Developments, Bart L. Zibrowski, Common Stock, SEC Filing, Semiconductor, Foundry
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