BK Technologies (BKTI): Schedule 13G/A (Amendment No. 2) reports updated beneficial ownership positions as of the event date 09/30/2025.
Hilve Holdings Ltd directly holds 280,000 shares of common stock. Valdor Global DMCC directly holds 32,331 shares, and Ingenium Foundation, as Valdor’s sole shareholder, may be deemed to beneficially own those 32,331 shares. Mikhail Stiskin, as sole shareholder of Hilve and founder and sole beneficiary of Ingenium, may be deemed a beneficial owner representing 8.4% of the class.
Percentages are based on 3,733,664 shares outstanding as of August 7, 2025, as reported in the company’s Form 10-Q filed on August 14, 2025. The filing states the securities were not acquired and are not held for the purpose or effect of changing or influencing control, consistent with a passive ownership intent.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
BK Technologies Corp
(Name of Issuer)
Common Stock, par value $0.60 per share
(Title of Class of Securities)
05587G203
(CUSIP Number)
09/30/2025
(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)
SCHEDULE 13G
CUSIP No.
05587G203
1
Names of Reporting Persons
Hilve Holdings Ltd
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
CYPRUS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
280,000.00
6
Shared Voting Power
7
Sole Dispositive Power
280,000.00
8
Shared Dispositive Power
9
Aggregate Amount Beneficially Owned by Each Reporting Person
280,000.00
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)
7.5 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
05587G203
1
Names of Reporting Persons
Valdor Global DMCC
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 ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
32,331.00
6
Shared Voting Power
7
Sole Dispositive Power
32,331.00
8
Shared Dispositive Power
9
Aggregate Amount Beneficially Owned by Each Reporting Person
32,331.00
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)
0.9 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
05587G203
1
Names of Reporting Persons
Ingenium Foundation
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 ARAB EMIRATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
32,331.00
6
Shared Voting Power
7
Sole Dispositive Power
32,331.00
8
Shared Dispositive Power
9
Aggregate Amount Beneficially Owned by Each Reporting Person
32,331.00
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)
0.9 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The Reporting Person is a private foundation roganised under the law of the United Arab Emirates.
SCHEDULE 13G
CUSIP No.
05587G203
1
Names of Reporting Persons
Mikhail Stiskin
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
ISRAEL
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
313,331.00
6
Shared Voting Power
7
Sole Dispositive Power
313,331.00
8
Shared Dispositive Power
9
Aggregate Amount Beneficially Owned by Each Reporting Person
313,331.00
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)
8.4 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BK Technologies Corp
(b)
Address of issuer's principal executive offices:
7100 TECHNOLOGY DRIVE, WEST MELBOURNE, FLORIDA, 32904
Item 2.
(a)
Name of person filing:
(i) Hilve Holdings Limited, (ii) Valdor Global DMCC, (iii) Ingenuim Foundation and (iv) Mikhail Stiskin (collectively, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
(i) For Hilve Holdings Ltd.: Spyrou Araouzou, 25, Beregaria 25, 5th Floor, Office 2, 3036, Limassol, Republic of Cyprus,
(ii) For Valdor Global DMCC: Unit No: 1389, DMCC Business Centre, Level No 1, Jewellery & Gemplex 3, Dubai, United Arab Emirates,
(iii) For Ingenium Foundation: Dubai International Financial Centre, Unit GA-00-SZ-L1-RT-208, Gate Avenue - South Zone, Floor Level 1, Dubai, United Arab Emirates, and
(iv) For Mikhail Stiskin: Onisilou, 8A, Rita Court 1, Block B, Flat/Office 208, Agios Tychonas, 4532, Limassol, Republic of Cyprus.
(c)
Citizenship:
(i) Hlive Holdings Limited was established under the laws of the Republic of Cyprus, (ii) Valdor Global DMCC was established under the laws of the United Arab Emirates, (iii) Ingenuim Foundation was established under the laws of the United Arab Emirates, and (iv) and (ii) Mikhail Stiskin is a citizen of Israel.
(d)
Title of class of securities:
Common Stock, par value $0.60 per share
(e)
CUSIP No.:
05587G203
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 associations 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)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Hilve Holdings Limited directly holds 280,000 shares of Common Stock, par value $0.60 per share ("Common Stock"), of BK Technologies Corporation (the "Issuer"). Valdor Global DMCC directly holds 32,331 shares of Common Stock of the Issuer. Ingenium Foundation, as the sole shareholder of Valdor Global DMCC, may be deemed the beneficial owner of 32,331 shares of Common Stock held by Valdor Global DMCC. Mikhail Stiskin, as the sole shareholder of Hilve Holdings Limited and the founder and sole beneficiary of the Ingenium Foundation may be deemed the beneficial owner of 312,331 shares of Common Stock held by Hilve Holdings.
(b)
Percent of class:
Hilve Holdings Limited may be deemed the beneficial owner of 7.5% of the outstanding shares of Common Stock of the Issuer. Valdor Global DMCC may be deemed the beneficial owner of 0.9% of the outstanding shares of Common Stock of the Issuer. Ingenium Foundation may be deemed the beneficial owner owner of 0.9% of the outstanding shares of Common Stosk of the Issuer. Mikhail Stiskin may be deemed the beneficial owner of 8.4% of the outstanding shares of Common Stock.
Such percentages are based on 3,733,664 shares of Common Stock of the Issuer outstanding as of August 7, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange
Commission on August 14, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of the date hereof, Hilve Holdings Limited has the sole power to vote or to direct the vote of 280,000 shares of Common Stock of the Issuer. Valdor Global DMCC has the sole power to vote or to direct the vote of 32,331 shares of Common Stock of the Issuer. Ingenium Foundation, as the sole shareholder of Valdor Global DMCC, has the sole power to vote or direct the vote of 32,331 shares of Common Stock of the Issuer. Mikhail Stiskin as the sole shareholder of Hilve Holdings Limited and the founder and sole beneficiary of the Ingenium Foundation may be deemed to have the sole power to vote or to direct the vote of 312,331 shares of Common Stosk of the Issuer.
(ii) Shared power to vote or to direct the vote:
As of the date hereof, each of the Reporting Persons has shared power to vote or direct the vote of 0 shares of Common Stock of the Issuer.
(iii) Sole power to dispose or to direct the disposition of:
As of the date hereof, Hilve Holdings Limited has the sole power to dispose or to direct the disposition of 280,000 shares of Common Stock of the Issuer. Valdor Global DMCC has the sole power to dispose or to direct the disposition of 32,331 shares of Common Stock of the Issuer. Ingenium Foundation, as the sole shareholder of Valdor Global DMCC, has the sole power to dispose or to direct the disposition of 32,331 shares of Common Stock of the Issuer. Mikhail Stiskin as the sole shareholder of Hilve Holdings Limited and the founder and sole beneficiary of the Ingenium Foundation may be deemed to have the sole power to dispose or to direct the disposition of 312,333 shares of Common Stock of the Issuer.
(iv) Shared power to dispose or to direct the disposition of:
As of the date hereof, each of the Reporting Persons has shared power to dispose or to direct the disposition of 0 shares of Common Stock of the Issuer.
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 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.
Certifications:
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.
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.
Hilve Holdings Ltd
Signature:
/s/ Asya Andreeva
Name/Title:
Asya Andreeva / Director
Date:
10/24/2025
Valdor Global DMCC
Signature:
/s/ Marina Mackinder
Name/Title:
Marina Mackinder / Manager
Date:
10/24/2025
Ingenium Foundation
Signature:
/s/ Asya Andreeva
Name/Title:
Asya Andreeva / Chairman of the Foundation Council
What does BKTI’s Schedule 13G/A (Amendment No. 2) disclose?
It updates beneficial ownership, including Hilve Holdings at 280,000 shares, Valdor Global DMCC at 32,331 shares, and Mikhail Stiskin at 8.4% of the class.
How many BKTI shares were outstanding for the ownership calculations?
Percentages are based on 3,733,664 shares outstanding as of August 7, 2025, per the company’s Form 10-Q.
What is Mikhail Stiskin’s reported ownership in BKTI?
He may be deemed a beneficial owner representing 8.4% of the common stock class.
Who are the reporting persons in this 13G/A for BKTI?
The reporting persons are Hilve Holdings Ltd, Valdor Global DMCC, Ingenium Foundation, and Mikhail Stiskin.
What is the event date referenced in the filing?
The event date requiring the statement is 09/30/2025.
Does the filing indicate an intent to influence control of BK Technologies?
No. It certifies the securities were not acquired and are not held to change or influence control.
What class of securities is covered by this 13G/A?
BK Technologies’ Common Stock, par value $0.60 per share.
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