SCHEDULE 13D/A: Solesence, Inc. Reports Significant Internal Share Transfer Among Controlling Entities, Whitmore Group Maintains 71% Stake

An amendment to a Schedule 13D filing reveals an internal transfer of 6.689 million shares of Solesence, Inc. common stock between entities controlled by Bradford T. Whitmore, who collectively maintain a 71% beneficial ownership.

Summary

• Bradford T. Whitmore and associated entities (Grace Investments, LP, INV-GP, LLC, MOBCAT, LLC, Strandler, LLC, Whitmore Holdings, LLC, and Bradford Whitmore Trust), collectively referred to as the 'Filers', beneficially own an aggregate of 49,826,805 shares of Solesence, Inc. Common Stock.
• This aggregate ownership represents 71.0% of the Issuer's outstanding Common Stock, based on 70,103,279 shares reported outstanding as of May 12, 2025.
• On May 29, 2025, Strandler, LLC, an entity within the Filers' group, purchased a total of 6,689,000 shares of Common Stock from Whitmore Holdings, LLC, another entity within the Filers' group.
• The shares were transferred at a price of $4.20 per share, with two separate transactions: 2,500,000 shares and 4,189,000 shares.
• The Filers explicitly state they have no current plans or proposals that would result in changes to the Issuer's business, corporate structure, or management, but may review their investment in the future.

Sentiment

Score: 5

Explanation: The document is a standard compliance filing (Schedule 13D amendment) reporting an internal transfer of shares among entities controlled by the same beneficial owner. It contains no information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The Filers have no present plans or proposals to change the Issuer's business, corporate structure, management, or other significant aspects, but reserve the right to review their investment and formulate such plans in the future.

Industry Context

This filing is a routine disclosure of beneficial ownership changes within a controlling shareholder group and does not provide broader industry context or trends. It primarily concerns the internal restructuring of holdings by a major investor in Solesence, Inc.

Related Party Transactions

• On May 29, 2025, Strandler, LLC purchased 6,689,000 shares of Common Stock from Whitmore Holdings, LLC at $4.20 per share. Both entities are part of the 'Filers' group and are ultimately controlled by Bradford T. Whitmore, making this an internal transfer between related parties.

Stakeholder Impact

• Shareholders: The filing indicates a restructuring of ownership within the controlling group, with no immediate change in overall beneficial ownership percentage or control, suggesting minimal direct impact on other shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated as the transaction is an internal ownership transfer and does not relate to operational or strategic changes.

Next Steps

• The Filers may, at any time and from time to time, review or reconsider their investment in Solesence, Inc. and formulate plans or proposals with respect thereto.

Key Dates

Keywords

Solesence Inc., Schedule 13D, Beneficial Ownership, Bradford T. Whitmore, Share Transfer, Corporate Control, SEC Filing, Investment Holdings