DMC Global: Steel Partners group stake at about 4%

SP Strategic Holdings LLC's directly held position had an aggregate purchase price of approximately $17,819,680, including brokerage commissions.

Available on EDGAR 11/10/2026 - 09:03 PM EST Accepted by SEC EDGAR 11/10/2026 - 09:03 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

For DMC Global Inc. (BOOM), Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC, SPH Group Holdings LLC, Steel Excel Inc., Steel Connect LLC and SP Strategic Holdings LLC ceased to be beneficial owners of more than 5% of outstanding shares as of November 2, 2026. SP Strategic Holdings LLC directly owned 817,187 shares, approximately 4.0%, as of close of business on the statement date.

The aggregate purchase price of those shares was approximately $17,819,680, including brokerage commissions, and SP Strategic Holdings LLC used cash on hand. Its transactions during the past 60 days were effected in the open market; the other reporting entities may be deemed to beneficially own the same shares through their relationships with SP Strategic Holdings LLC.

Key Figures

Shares directly owned: 817,187 shares Ownership percentage: approximately 4.0% Shares outstanding: 20,540,949 shares +1 more

4 metrics

Shares directly owned 817,187 shares SP Strategic Holdings LLC; as of close of business on the statement date

Ownership percentage approximately 4.0% Based on 20,540,949 shares outstanding as of October 20, 2026

Shares outstanding 20,540,949 shares As of October 20, 2026

Aggregate purchase price approximately $17,819,680 For shares owned directly; includes brokerage commissions

Key Terms

beneficially owned, Shared Voting Power, Shared Dispositive Power

3 terms

beneficially owned technical

"aggregate amount beneficially owned by each reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared Voting Power technical

"Shared Voting Power 817,187.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Shared Dispositive Power technical

"Shared Dispositive Power 817,187.00"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DMC Global (BOOM) shares did SP Strategic Holdings own?

SP Strategic Holdings LLC directly owned 817,187 shares, approximately 4.0% of the shares outstanding. The percentage was based on 20,540,949 shares outstanding as of October 20, 2026.

What was the purchase price of SP Strategic Holdings' DMC Global shares?

The aggregate purchase price of the 817,187 shares owned directly by SP Strategic Holdings LLC was approximately $17,819,680, including brokerage commissions. The shares were acquired with the LLC's cash on hand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

DMC Global Inc.

(Name of Issuer)

Common Stock, $0.05 Par Value

(Title of Class of Securities)

23291C103

(CUSIP Number)

Warren G. Lichtenstein
Steel Partners Holdings L.P., 590 Madison Avenue, 32nd Floor
New York, NY, 10022
212-520-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/09/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

STEEL PARTNERS HOLDINGS L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

Steel Partners Holdings GP Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

SPH Group LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

SPH Group Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

Steel Excel Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

Steel Connect LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 23291C103

1

Name of reporting person

SP Strategic Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 817,187.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 817,187.00

11

Aggregate amount beneficially owned by each reporting person

817,187.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.05 Par Value
(b)	Name of Issuer: DMC Global Inc.
(c)	Address of Issuer's Principal Executive Offices: 11800 RIDGE PARKWAY, SUITE 300, BROOMFIELD, COLORADO , 80021.
Item 2.	Identity and Background
(a)	Item 2(a) is hereby amended to add the following: Effective May 29, 2026, Steel Connect Sub LLC, a Delaware limited liability company, underwent a name change to SP Strategic Holdings LLC ("SP Strategic Holdings"). All references to Steel Connect Sub herein are now deemed to refer to SP Strategic Holdings.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated as follows: The aggregate purchase price of the 817,187 Shares owned directly by SP Strategic Holdings is approximately $17,819,680, including brokerage commissions. Such Shares were acquired with SP Strategic Holdings' cash on hand.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 20,540,949 Shares outstanding, which is the total number of Shares outstanding as of October 20, 2026 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 27, 2026. As of the close of business on the date hereof, SP Strategic Holdings owned directly 817,187 Shares, constituting approximately 4.0% of the Shares outstanding. By virtue of their relationships with SP Strategic Holdings, each of Steel Holdings, SPHG, SPHG Holdings, Steel Holdings GP, Steel Excel and Steel Connect may be deemed to beneficially own the Shares owned directly by SP Strategic Holdings.
(c)	Item 5(c) is hereby amended and restated as follows: The transactions in the Shares by SP Strategic Holdings during the past sixty days are set forth in Exhibit 1 and are incorporated herein by reference. All of such transactions were effected in the open market.
(e)	Item 5(e) is hereby amended and restated to read as follows: As of November 2, 2026, the Reporting Persons ceased to be the beneficial owners of more than 5% of the outstanding Shares.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in Securities

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.

STEEL PARTNERS HOLDINGS L.P.

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary of Steel Partners Holdings GP Inc., its General Partner
Date:	11/10/2026

Steel Partners Holdings GP Inc.

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary
Date:	11/10/2026

SPH Group LLC

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary of Steel Partners Holdings GP Inc., its Managing Member
Date:	11/10/2026

SPH Group Holdings LLC

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary of Steel Partners Holdings GP Inc., its Manager
Date:	11/10/2026

Steel Excel Inc.

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary
Date:	11/10/2026

Steel Connect LLC

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary
Date:	11/10/2026

SP Strategic Holdings LLC

Signature:	/s/ Maria Reda
Name/Title:	Maria Reda, Secretary
Date:	11/10/2026