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Sangoma Technologies Corp — Major Shareholding Notification 2022
Feb 8, 2022
33842_mrq_2022-02-08_0971bdae-230c-4613-8bb1-eb6cd88e6101.zip
Major Shareholding Notification
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SC 13G 1 eh220224074_13g-sangoma.htm SCHEDULE 13G
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
| Sangoma
Technologies Corporation |
| --- |
| (Name of Issuer) |
| Common
Shares |
| (Title of Class of Securities) |
| 80100R408 |
| (CUSIP Number) |
| December 31, 2021 |
| (Date of Event which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) |
|---|---|
| ☐ | 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 disclosures provided in a prior cover page.
The information required on 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 (however, see the Notes).
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CUSIP No. 80100R408 SCHEDULE 13G Page 2 of 8
| 1 | NAME OF REPORTING PERSON Star2Star Holdings, LLC | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 0 |
|---|---|
| 6 | SHARED VOTING POWER 2,163,254 |
| 7 | SOLE DISPOSITIVE POWER 0 |
| 8 | SHARED DISPOSITIVE POWER 2,163,254 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,163,254 | |
|---|---|---|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.37% (1) | |
| 12 | TYPE OF REPORTING PERSON OO |
(1) Based on 19,027,967 common shares outstanding as of November 24, 2021.
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CUSIP No. 80100R408 SCHEDULE 13G Page 3 of 8
| 1 | NAME OF REPORTING PERSON Old Town Gelato, LLC | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 0 |
|---|---|
| 6 | SHARED VOTING POWER 2,163,254 |
| 7 | SOLE DISPOSITIVE POWER 0 |
| 8 | SHARED DISPOSITIVE POWER 2,163,254 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,163,254 | |
|---|---|---|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.37% (1) | |
| 12 | TYPE OF REPORTING PERSON OO |
(1) Based on 19,027,967 common shares outstanding as of November 24, 2021.
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CUSIP No. 80100R408 SCHEDULE 13G Page 4 of 8
| 1 | NAME OF REPORTING PERSON Norman A. Worthington, III | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | SOLE VOTING POWER 0 |
|---|---|
| 6 | SHARED VOTING POWER 2,163,254 |
| 7 | SOLE DISPOSITIVE POWER 0 |
| 8 | SHARED DISPOSITIVE POWER 2,163,254 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,163,254 | |
|---|---|---|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.37% (1) | |
| 12 | TYPE OF REPORTING PERSON IN |
(1) Based on 19,027,967 common shares outstanding as of November 24, 2021.
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CUSIP No. 80100R408 SCHEDULE 13G Page 6 of 8
| ITEM 1. | (a) | Name of Issuer: |
|---|---|---|
| Sangoma Technologies Corporation (the “ Company ”) | ||
| (b) | Address of Issuer’s Principal Executive Offices: | |
| 100 Renfrew Drive, Suite 100, Markham ON L3R 9R6, Canada | ||
| ITEM 2. | (a) | Name of Persons Filing: |
| This Statement is being filed on behalf of each of the following persons | ||
| (collectively, the “ Reporting Persons ”): | ||
| (i) | Star2Star Holdings, LLC (“ Star2Star ”) | |
| (ii) | Old Town Gelato, LLC | |
| (iii) | Norman A. Worthington, III | |
| (b) | Address of Principal Business Office, or if none, Residence: | |
| The principal address of each of the Reporting Persons is 600 Tallevast | ||
| Road, Suite 202, Sarasota, FL 34243. | ||
| (c) | Citizenship: | |
| See responses to Item 4 on each cover page. | ||
| (d) | Title of Class of Securities: | |
| Common Shares | ||
| (e) | CUSIP Number: | |
| 80100R408 | ||
| 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: | |
| Not Applicable. |
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CUSIP No. 80100R408 SCHEDULE 13G Page 7 of 8
| ITEM 4. | OWNERSHIP. — (a) | Amount beneficially owned: | |
|---|---|---|---|
| As of December 31, 2021, the Reporting Persons owned the following number of the Company’s Common Shares: | |||
| (i) | Star2Star owned of record 2,163,254 Common Shares or 11.37% of the issued and outstanding Common Shares. | ||
| (ii) | Old Town Gelato, LLC owned of record no Common Shares or 0.0% of the issued and outstanding Common Shares. | ||
| (iii) | Norman A. Worthington, III owned of record no Common Shares or 0.0% of the issued and outstanding Common Shares. | ||
| Star2Star is controlled by Old Town Gelato, LLC. Old Town Gelato, LLC is | |||
| controlled by Norman A. Worthington, III. By virtue of the foregoing, the Reporting Persons may be deemed to share voting power and the | |||
| power to direct the disposition of the shares that each owns of record. | |||
| (b) | Percent of class: | ||
| The calculation of beneficial ownership herein is based on an aggregate | |||
| of 19,021,614 common shares reported by the Company to be outstanding as reflected in the | |||
| Company’s Amended Registration Statement, filed on Form F-10/A with the U.S. Securities and Exchange Commission on December 15, | |||
| 2021. | |||
| (c) | Number of shares as to which such person has: | ||
| (i) | Sole power to vote or to direct the vote: | ||
| See row 5 of the cover page of the Reporting Person. | |||
| (ii) | Shared power to vote or to direct the vote: | ||
| See row 6 of the cover page of the Reporting Person. | |||
| (iii) | Sole power to dispose or to direct the disposition of: | ||
| See row 7 of the cover page of the Reporting Person. | |||
| (iv) | Shared power to dispose or to direct the disposition of: | ||
| See row 8 of the cover page of the Reporting Person. | |||
| ITEM 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. | ||
| Not applicable. | |||
| ITEM 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. | ||
| Not applicable. |
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CUSIP No. 80100R408 SCHEDULE 13G Page 7 of 8
| ITEM 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. |
|---|---|
| Not applicable. | |
| ITEM 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. |
| Not applicable. | |
| ITEM 9. | NOTICE OF DISSOLUTION OF GROUP. |
| Not applicable. | |
| ITEM 10. | CERTIFICATION. |
| Not applicable. |
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CUSIP No. 80100R408 SCHEDULE 13G Page 7 of 8
Exhibit Index
Exhibit 99.1 Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
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CUSIP No. 80100R408 SCHEDULE 13G Page 8 of 8
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 7, 2022
| STAR2STAR HOLDINGS, LLC | |
|---|---|
| By: | /s/ Norman A. Worthington, III |
| Name: Norman A. Worthington, III | |
| Title: Chief Executive Officer | |
| OLD TOWN GELATO, LLC | |
| By: | /s/ Norman A. Worthington, III |
| Name: Norman A. Worthington, III | |
| Title: Manager | |
| NORMAN A. WORTHINGTON, III | |
| /s/ Norman A. Worthington, III |
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