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Section 1: SC 13G (ACQUISITION OF BENEFICIAL OWNERSHIP)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

 
Orbital Energy Group, Inc.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

 

68559A109

(CUSIP Number)

 

December 31, 2020
(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 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 2 of 9

 

CUSIP No.    68559A109    

 

1

NAME OF REPORTING PERSONS
Altium Capital Management, LP

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 82-2066653

  
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☒

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

  

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

 5

SOLE VOTING

0

  
6

SHARED VOTING POWER

1,893,704 Shares of Common Stock

  
7

SOLE DISPOSITIVE POWER

0

  
8

SHARED DISPOSITIVE POWER

1,893,704 Shares of Common Stock

  
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,,893,704 Shares of Common Stock

  
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES ☐
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.2% (1)

  
12

TYPE OF REPORTING PERSON

IA, PN

  
         
(1)Based on 36,232,135 shares of Common Stock outstanding as of December 31, 2020 as set forth in the Issuer’s Prospectus Supplement 424(b)(5) filed with the Securities and Exchange Commission on January 4, 2020.

 

 

Page 3 of 9

 

CUSIP No. 68559A109    

 

1

NAME OF REPORTING PERSONS
Altium Growth Fund, LP

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 82-2105101

  
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☒

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

  

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

 5

SOLE VOTING

0

  
6

SHARED VOTING POWER

1,893,704 Shares of Common Stock

  
7

SOLE DISPOSITIVE POWER

0

  
8

SHARED DISPOSITIVE POWER

1,893,704 Shares of Common Stock

  
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,893,7044 Shares of Common Stock

  
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES ☐
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.2% (1)

  
12

TYPE OF REPORTING PERSON

PN

  
         
(1)Based on 36,232,135 shares of Common Stock outstanding as of December 31, 2020 as set forth in the Issuer’s Prospectus Supplement 424(b)(5) filed with the Securities and Exchange Commission on January 4, 2020.

 

 

Page 4 of 9

CUSIP No. 68559A109    

 

1

NAME OF REPORTING PERSONS

Altium Growth GP, LLC

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 82-2086430

  
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☒

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

  

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

 5

SOLE VOTING

0

  
6

SHARED VOTING POWER

1,893,704 Shares of Common Stock

  
7

SOLE DISPOSITIVE POWER

0

  
8

SHARED DISPOSITIVE POWER

1,893,704 Shares of Common Stock

  
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,893,704 Shares of Common Stock

  
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES ☐
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.2% (1)

  
12

TYPE OF REPORTING PERSON

OO

  
         
(1)Based on 36,232,135 shares of Common Stock outstanding as of December 31, 2020 as set forth in the Issuer’s Prospectus Supplement 424(b)(5) filed with the Securities and Exchange Commission on January 4, 2020.

 

 

Page 5 of 9

 

CUSIP No.  68559A109    

 

Item 1(a).   Name of Issuer:                                                         Orbital Energy Group, Inc. (the “Issuer”)
     
Item 1(b).   Address of Issuer’s Principal Executive Offices:   1924 Aldine Western, Houston, Texas 77038
     
Item 2(a).  

Name of Person Filing:

This statement is jointly filed by and on behalf of each of Altium Growth Fund, LP (the “Fund”), Altium Capital Management, LLC, and Altium Growth GP, LLC. The Fund is the record and direct beneficial owner of the securities covered by this statement. Altium Capital Management, LP is the investment adviser of, and may be deemed to beneficially own securities, owned by, the Fund. Altium Growth GP, LLC is the general partner of, and may be deemed to beneficially own securities owned by, the Fund.

 

Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

 

Each of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

     
Item 2(b).   Address of Principal Business Office or, if None, Residence:
    The address of the principal business office of each of the reporting persons is
152 West 57 Street, FL 20, New York, NY 10019
     
Item 2(c).   Citizenship:
    See Item 4 on the cover page(s) hereto.
     
Item 2(d).   Title of Class of Securities:
    Common Stock, $0.001 par value
     
Item 2(e).   CUSIP Number: 68559A109
     
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).

 

 

Page 6 of 9

 

CUSIP No. 68559A109
   
  (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)(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 (15 U.S.C. 80a-3);
       
  (j) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J).
       
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.

 

The information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for each Reporting Person listed above and is incorporated by reference for each such Reporting Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 36,232,135 shares of Common Stock outstanding as of December 31, 2020 as set forth in the Issuer’s Prospectus Supplement 424(b)(5) filed with the Securities and Exchange Commission on January 4, 2020.

 

 

Page 7 of 9

 

CUSIP No . 68559A109    

 

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 or Control Person.
  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 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 participant 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

  Dated: January 8, 2021
     
     
  Altium Capital Management, LP
     
     
  By: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: CEO
     
     
  Altium Growth Fund, LP
     
     
  By: Altium Growth GP, LLC
  Its: General Partner
     
     
  Signature: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: Managing Member of Altium Growth GP, LLC
     
     
  Altium Growth GP, LLC
   
  By: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: Managing Member

 


 

Page 8 of 9

 

EXHIBIT INDEX

 

 

EXHIBIT 1: Joint Acquisition Statement Pursuant to Section 240.13d-1(k)
   
  Members of Group

 

 

Page 9 of 9

EXHIBIT 1

 

JOINT ACQUISITION STATEMENT

PURSUANT TO SECTION 240.13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements.  The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

.

  Dated: January 8, 2021
     
     
  Altium Capital Management, LP
     
     
  By: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: CEO
     
     
  Altium Growth Fund, LP
     
     
  By: Altium Growth GP, LLC
  Its: General Partner
     
     
  Signature: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: Managing Member of Altium Growth GP, LLC
     
     
  Altium Growth GP, LLC
   
  By: /s/ Jacob Gottlieb
  Name: Jacob Gottlieb
  Title: Managing Member

 

 

 

 

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