M&A - HG Holdings, Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-05-13

Corporate Action: Acquisition

Type: Update

Accession Number: 000160282425000005

Filing Summary: This Amendment No. 10 to the Schedule 13D filed by HG Holdings, Inc. provides updates on the beneficial ownership of the company's Common Stock, reflecting transactions conducted on April 21, 2025. The Reporting Persons, including various funds and management entities closely affiliated with Mr. Hale, report beneficial ownership of approximately 73.48% of the outstanding shares of Common Stock. In a significant transaction documented in an Assignment and Contribution Agreement, the Reporting Persons contributed shares of ACMAT Corporation to HG Holdings in exchange for newly issued Common Stock. Specifically, the Hale Funds, except Hale Fund IV, and the Managed Account, contributed a total of 8,328 shares of ACMAT Common Stock and 150,646 shares of ACMAT Class A Stock, resulting in the issuance of a total of 2,899,876 shares of HG Holdings' Common Stock. The transaction was part of a broader agreement involving managerial services to be provided by HG Holdings to HP Risk Solutions, LLC for compensation over three years. The document also outlines the roles and investment strategies of the Reporting Persons and clarifies their intentions regarding future actions in relation to the Company's stock, which may vary based on market conditions.