UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
SkyWater Technology, Inc. |
(Name of Issuer) |
Common Stock, par value $0.01 per share |
(Title of Class of Securities) |
83089J108 | ||
(CUSIP Number) | ||
December 31, 2023 | ||
(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) | |
x | 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 disclosures 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 (however, see the Notes).
Page 1 of 7 |
CUSIP No. 83089J108 | ||
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bart L. Zibrowski | |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a)¨ (b)¨ |
3 |
SEC USE ONLY
| |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER
-0- |
6 |
SHARED VOTING POWER
4,336,876 | |
7 |
SOLE DISPOSITIVE POWER
-0- | |
8 |
SHARED DISPOSITIVE POWER
4,336,876 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,336,876 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
¨ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.22%* |
12 |
TYPE OF REPORTING PERSON (see instructions)
IN |
* This percentage calculation is based on 47,024,616 shares of common stock of the Issuer (“Common Stock”) outstanding as of November 6, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2023.
Page 2 of 7 |
CUSIP No. 83089J108 | ||
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
DDK Developments, LLC | |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a)¨ (b)¨ |
3 |
SEC USE ONLY
| |
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 |
SOLE VOTING POWER
-0- |
6 |
SHARED VOTING POWER
4,336,876 | |
7 |
SOLE DISPOSITIVE POWER
-0- | |
8 |
SHARED DISPOSITIVE POWER
4,336,876 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,336,876 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
¨ |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.22%* |
12 |
TYPE OF REPORTING PERSON (see instructions)
IN |
* This percentage calculation is based on 47,024,616 shares of common stock of the Issuer (“Common Stock”) outstanding as of November 6, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2023.
Page 3 of 7 |
Item 1(a). | Name of Issuer: |
SkyWater Technology, Inc. | |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
2400 East 88th Street, Bloomington, MN 55425 | |
Item 2(a). | Name of Person Filing: |
This Schedule 13G is being filed by DDK Developments, LLC (“DDK”), a Minnesota limited liability company, and Bart L. Zibrowski (collectively with DDK, the “Reporting Persons”) | |
Item 2(b). | Address of Principal Business Office or, if none, Residence: |
740 Saddle Wood Drive, Eagan, MN 55123 | |
Item 2(c). | Citizenship: |
DDK Developments, LLC (“DDK”), a Minnesota limited liability company Bart L. Zibrowski is a citizen of the United States of America
| |
Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.01 per share | |
Item 2(e). | CUSIP Number: 83089J108 |
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; | |
(b) | ¨ | Bank as defined in Section 3(a)(6) of the Act; | |
(c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Act; | |
(d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
(e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
(f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
(g) | ¨ | A parent holding company or control person in accordance with Rule 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; | |
(j) | ¨ | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | |
(k) | ¨ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
Item 4. | Ownership. | |||
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | ||||
(a) | Amount Beneficially Owned: | 4,336,876 | ||
(b) | Percent of Class: | 9.22% | ||
(c) | Number of shares as to which such person has: | |||
(i) | sole power to vote or to direct the vote: | 0 | ||
(ii) | shared power to vote or to direct the vote: | 4,336,876 | ||
(iii) | sole power to dispose or to direct the disposition of: | 0 | ||
(iv) | shared power to dispose or to direct the disposition of: | 4,336,876 |
Page 4 of 7 |
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 ¨. | |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable. | |
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. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing 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 such purpose or effect for the time being. |
Page 5 of 7 |
SIGNATURE
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.
Date: January 5, 2024
DDK Developments LLC | ||
By: | /s/ Bart Zibrowski | |
Bart Zibrowski | ||
Managing Member | ||
BART ZIBROWSKI | ||
/s/ Bart Zibrowski |
Page 6 of 7 |
EXHIBIT INDEX
Exhibit |
Description of Exhibit
| |
1 | Joint Filing Agreement dated January 5, 2024. |
Page 7 of 7
Exhibit 1
AMENDMENT NO. 2 TO
JOINT FILING AGREEMENT
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
Date: January 5, 2024
DDK Developments LLC | ||
By: | /s/ Bart Zibrowski | |
Bart Zibrowski | ||
Managing Member | ||
BART ZIBROWSKI | ||
/s/ Bart Zibrowski |