INNOVATE Corp. — Major Shareholding Notification 2021

Mar 19, 2021

SC 13G/A 1 tm2110403d1_sc13ga.htm SC 13G/A

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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)

HC2 Holdings, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
404139107
(CUSIP Number)
Julian Singer, 2200 Fletcher Avenue, Suite 501, Fort Lee, NJ 07024, Tel: (201) 592-3400
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 17, 2021
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which the Schedule is filed:

¨ Rule 13d-1(b)

þ Rule 13d-1(c)

¨ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

(Continued on following pages)

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CUSIP No. 404139107 13G Page 2 of 7

1 NAME OF REPORTING PERSON Julian Singer

| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | ¨ |
| --- | --- | --- | --- |
| | | (b) | ¨ |
| 3 | SEC
USE ONLY | | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION | | |
| | United
States | | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER | |
| | | 0 | |
| | 6 | SHARED
VOTING POWER | |
| | 7 | SOLE
DISPOSITIVE POWER | |
| | | 0 | |
| | 8 | SHARED
DISPOSITIVE POWER | |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | 0 | | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | ¨ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | |
| | 0% | | |
| 12 | TYPE
OF REPORTING PERSON* | | |
| | IN | | |

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CUSIP No. 404139107 13G Page 3 of 7

1
JDS1,
LLC [1]

| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | ¨ |
| --- | --- | --- | --- |
| | | (b) | ¨ |
| 3 | SEC
USE ONLY | | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION | | |
| | United
States | | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER | |
| | | 0 [2] | |
| | 6 | SHARED
VOTING POWER | |
| | 7 | SOLE
DISPOSITIVE POWER | |
| | | 0 [3] | |
| | 8 | SHARED
DISPOSITIVE POWER | |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
| | 0 [4] | | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | ¨ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | |
| | 0% | | |
| 12 | TYPE
OF REPORTING PERSON* | | |
| | OO | | |

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[1] Mr. Singer as managing member of JDS1, LLC has sole dispositive and voting power with respect to shares of the Issuer owned by JDS1 LLC

[2] See FN 4.

[3] See FN 4.

[4] See FN 4.

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SCHEDULE 13G/A

Item 1(a) Name of Issuer

HC2 Holdings, Inc., a Delaware corporation (the “Issuer”)

Item 1(b) Address of Issuer’s Principal Executive Offices:

450 Park Avenue, 30 th Floor

New York, NY 10022

Item 2. Persons Filing

This Amendment is being filed by the following (each a “Reporting Person” and collectively the “Reporting Persons”):

(a) Name of Persons Filing:

a. JDS1, LLC, a Delaware limited liability company (“JDS1”), with respect to shares of Common Stock directly owned by it.

b. Julian Singer, as the managing member of JDS1.

(b) The principal business address of each Reporting Person is:

a. JDS1, 2200 Fletcher Ave., Suite 501, Fort Lee, NJ 07024.

b. Mr. Singer, 2200 Fletcher Ave., Suite 501, Fort Lee, NJ 07024.

(c) Each Reporting Person is a citizen of the United States.

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(d) The title and class of securities is the Issuers common stock par value $0.001 per share (“Common Stock”).

(e) CUSIP Number: 404139107

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o); |
| --- | --- | --- |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c); |
| (d) | ¨ | Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8); |
| (e) | ¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ¨ | A parent holding company or control person in accordance with §
240.13d-1(b)(1)(ii)(G); |
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ¨ | A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |

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Item 4. Ownership

The aggregate percentage of shares of Common Stock reported owned is based upon 47,353,275 shares of Common Stock outstanding on October 31, 2020, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with Securities and Exchange Commission on November 9, 2020.

(a) JDS1

a. As of the date hereof JDS1 beneficially owns 0 shares of Common Stock.

Percentage: Approximately 0%

b. 1. Sole power to vote or direct vote: 0

1. Shared power to vote or direct vote: 0

2. Sole power to dispose or direct disposition: 0

3. Shared power to dispose or direct disposition: 0

(b) Mr. Singer

a. As of the date hereof, Mr. Singer as managing member of JDS1, beneficially owns 0 shares of Common Stock.

Percentage: Approximately 0%

b. 1. Sole power to vote or direct vote: 0

1. Shared power to vote or direct vote: 0

2. Sole power to dispose or direct disposition: 0

3. Shared power to dispose or direct disposition: 0

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. x

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8. Identification and Classification of Members of the Group.

N/A

Item 9. Notice of Dissolution of Group .

N/A

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Item 10. Certification

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 participation in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: March 19, 2021

JDS1, LLC
By:	/s/ Julian Singer
Name:	Julian Singer
Title:	Managing Member
/s/ Julian Singer
JULIAN SINGER

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