BK Technologies 13G/A: Hilve Holdings Discloses 6.0% Stake

Rhea-AI Filing Summary

Schedule 13G/A summary for BK Technologies Corporation (BKTI)

This amendment, dated August 5, 2025, discloses beneficial ownership by Hilve Holdings Limited, Valdor Global DMCC and Mikhail Stiskin. Hilve directly holds 220,833 shares (6.0%); Valdor directly holds 32,331 shares (0.9%); Mikhail Stiskin, as sole shareholder of both entities, is reported as beneficial owner of 253,164 shares (6.9%). Percentages are calculated on 3,673,594 shares outstanding per the issuer's May 13, 2025 filing referencing outstanding shares as of May 8, 2025.

The filing states the securities were not acquired to change or influence control and discloses sole voting and dispositive power for the reported shares.

Positive

• Clear beneficial ownership disclosure: identifies Hilve Holdings (220,833), Valdor Global (32,331) and M. Stiskin (253,164).
• Material threshold exceeded: M. Stiskin reported as beneficial owner of 6.9% (>5%) of outstanding common stock.
• Percentages anchored to issuer filing: based on 3,673,594 shares outstanding per issuer disclosure dated May 8, 2025 (filed May 13, 2025).
• Certification of passive intent: reporting persons state shares were not acquired to change or influence control.

Negative

• None.

Insights

Securities Analyst

TL;DR: Schedule 13G/A discloses a 6.9% beneficial position by Mikhail Stiskin, a material passive disclosure under Schedule 13G.

This filing provides clear, entity-level and individual ownership breakdowns: Hilve Holdings Ltd. 220,833 shares, Valdor Global DMCC 32,331 shares, aggregated to 253,164 shares (6.9%). The filing cites the issuer's reported 3,673,594 shares outstanding for percentage calculations. All reported holdings are described with sole voting and dispositive power and include a certification that the positions were not acquired to effect change in control. For investors, the filing is material as a >5% disclosure but lacks any statement of intent beyond passive holding.

Corporate Governance Expert

TL;DR: Disclosure is complete for Schedule 13G/A purposes and signals a passive >5% stakeholder without stated plans to alter control.

The document meets regulatory disclosure requirements: it identifies reporting persons, jurisdictions (Cyprus, UAE, Israel), addresses, exact share counts, percent of class, and voting/dispositive powers. The certification clarifies absence of intent to influence control and the filing is signed by authorized representatives on 08/05/2025. Governance implications are limited—this is a transparency event rather than an activist/control notice.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

BK Technologies Corporation

(Name of Issuer)

Common Stock, par value $0.60 per share

(Title of Class of Securities)

05587G203

(CUSIP Number)

06/30/2025

(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 Limited

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 220,833.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 220,833.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

220,833.00

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)

6 %

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 0.00
7	Sole Dispositive Power 32,331.00
8	Shared Dispositive Power 0.00

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

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 253,164.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 253,164.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

253,164.00

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)

6.9 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BK Technologies Corporation
(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, and (iii) 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, and (iii) For Mikhail Stiskin: Onisilou, 8A, Rita Court 1, Block B, Flat/Office 208, Agios Tychonas, 4532, Limassol, Republic of Cyprus.
(c)	Citizenship: (i) Hilve Holdings Limited was established under the laws of the Republic of Cyprus, (ii) Valdor Global DMCC was established under the laws of the Emirate of Dubai, United Arab Emirates, and (iii) 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 220,833 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. Mikhail Stiskin, as the sole shareholder of Hilve Holdings Limited and Valdor Global DMCC, may be deemed the beneficial owner of 253,164 shares of Common Stock held by Hilve Holdings Limited and Valdor Global DMCC.
(b)	Percent of class: Hilve Holdings Limited may be deemed the beneficial owner of 6.0% 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. Mikhail Stiskin may be deemed the beneficial owner of 6.9% of the outstanding shares of Common Stock. Such percentages are based on 3,673,594 shares of Common Stock of the Issuer outstanding as of May 8, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on May 13, 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 220,833 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. Mikhail Stiskin, as the sole shareholder of Hilve Holdings Limited and Valdor Global DMCC, has the sole power to vote or to direct the vote of 253,164 shares of Common Stock 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 220,833 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. Mikhail Stiskin has the sole power to dispose or to direct the disposition of 253,164 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 Limited

Signature:	/s/ Asya Andreeva
Name/Title:	Asya Andreeva / Director
Date:	08/05/2025

Valdor Global DMCC

Signature:	/s/ Marina Mackinder
Name/Title:	Marina Mackinder / Manager
Date:	08/05/2025

Mikhail Stiskin

Signature:	/s/ Mikhail Stiskin
Name/Title:	Mikhail Stiskin/ Self
Date:	08/05/2025

FAQ

How many BKTI shares does Mikhail Stiskin beneficially own?

253,164 shares, representing 6.9% of BK Technologies' common stock as reported in the filing.

What holdings are reported for Hilve Holdings Limited in the BKTI 13G/A?

220,833 shares, representing 6.0% of the outstanding common stock, with sole voting and dispositive power.

What is the basis for the percentage calculations in the BKTI filing?

Percentages are calculated using 3,673,594 shares outstanding as reported in the issuer filing referencing May 8, 2025.

When was the Schedule 13G/A for BKTI signed?

The filing signatures are dated 08/05/2025 for Hilve Holdings, Valdor Global DMCC, and Mikhail Stiskin.

Does the filing indicate an intent to influence control of BK Technologies (BKTI)?

No; the filing includes a certification stating the securities were not acquired and are not held to change or influence control.

What entities and jurisdictions are the reporting persons organized in?

Hilve Holdings Limited: Cyprus; Valdor Global DMCC: United Arab Emirates (Dubai); Mikhail Stiskin: Israel.