[SCHEDULE 13D] Issuer Direct Corporation SEC Filing

Rhea-AI Filing Summary

2717 Partners LP reports beneficial ownership of 211,248 shares of ACCESS Newswire Inc. common stock, representing approximately 5.46% of the outstanding shares. The reporting person paid about $2,365,619.77 (excluding commissions) using working capital. 2717 Partners states it views the issuer as undervalued and intends to engage with the company's board and management about strategic opportunities to maximize shareholder value, potentially proposing or participating in transactions affecting operations, board composition, capital structure, dividends, or a sale. The filer may increase or decrease its stake, enter hedging or derivative transactions, or communicate with other shareholders and third parties, and may negotiate under confidentiality agreements.

Positive

• Significant stake disclosed: 211,248 shares (~5.46%) provides a credible voice with other shareholders.
• Clear engagement intent: The reporting person expresses constructive aims to maximize shareholder value and negotiate with the board.
• Financial commitment documented: Aggregate purchase price ~ $2,365,619.77 shows material investment aligned with stated objectives.

Negative

• No specific proposals: The filing lists broad potential actions but includes no concrete plans, timelines, or demands.
• Potential for escalation: The ability to increase position or coordinate with others could lead to contested governance actions or public campaigns.

Insights

Activist Investor Analyst

TL;DR: A mid-sized passive stake with explicit intent to engage could prompt strategic review or negotiations with management.

The filing discloses a ~5.5% position acquired with working capital and an explicit agenda to engage the board on strategic alternatives. At this ownership level, the investor lacks unilateral control but can credibly pressure management through proposals, investor outreach, or by coordinating with other holders. The ability to increase the stake or use derivatives raises the potential for escalated activism. This is material for investors because corporate actions, governance changes, or negotiated transactions could follow from constructive or adversarial engagement.

Corporate Governance Specialist

TL;DR: The filing signals governance engagement risk and opportunity; management should prepare for dialogue and potential proposals.

The statement outlines a broad range of potential initiatives, from operational and board changes to sale or capital structure adjustments. Although the filing does not specify concrete proposals, the explicit willingness to communicate with other shareholders and potential acquirers means the issuer may face public or private campaigns. Management responses, disclosure practices, and shareholder communications will influence whether this engagement leads to collaborative outcomes or escalates into a proxy contest or transaction push.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

ACCESS Newswire Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46520M204

(CUSIP Number)

Herbert Edward Robson II
2001 Union St, Suite 490
San Francisco, CA, 94123
813-857-1888

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

08/12/2025

(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).

SCHEDULE 13D

CUSIP No. 46520M204

1

Name of reporting person

2717 Partners LP

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)

WC

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 211,248.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 211,248.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

211,248.00

12

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

13

Percent of class represented by amount in Row (11)

5.5 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: ACCESS Newswire Inc.
(c)	Address of Issuer's Principal Executive Offices: 1 GLENWOOD AVE., SUITE 1001, RALEIGH, NORTH CAROLINA , 27603.
Item 2.	Identity and Background
(a)	This statement is being filed by 2717 Partners LP, which acts as the managing entity for 2717 Partners Master Fund LP, with respect to the Shares held by 2717 Partners Master Fund LP.
(b)	2001 Union St, Ste 490, San Francisco CA 94123
(c)	The principal business of 2717 Partners LP is serving as the managing entity for 2717 Partners Master Fund LP and its other Funds. The principal business of 2717 Partners Master Fund LP is investing in securities.
(d)	None
(e)	None
(f)	2717 Partners LP and 2717 Partners Master Fund LP are Delaware limited partnerships.
Item 3.	Source and Amount of Funds or Other Consideration
	The Shares purchased by the Reporting Person were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 211,248 Shares beneficially owned by the Reporting Person is approximately $2,365,619.77, excluding brokerage commissions.
Item 4.	Purpose of Transaction
	The Reporting Person believes the securities of the Issuer are undervalued and represent an attractive investment opportunity. The Reporting Person will seek to engage in a dialogue with the Issuer's Board of Directors (the "Board") and/or management about strategic opportunities to maximize shareholder value, including transactions in which the Reporting Person may seek to participate and potentially engage in, as an acquirer, investor and/or financing source. The Reporting Person may also seek to communicate with shareholders and other third parties about such transactions. The Reporting Person may consider, explore and/or develop plans and/or make proposals (whether preliminary or final) with respect to, among other things, potential changes in the Issuer's operations, management, organizational documents, composition of the Board, ownership, capital or corporate structure, sale transactions, dividend policy, strategy and plans. The Reporting Person intends to communicate with the Issuer's management and Board about, and may enter into negotiations and agreements with them regarding, the foregoing and a broad range of operational and strategic matters and to communicate with other shareholders or third parties, including potential acquirers, service providers and financing sources regarding the Issuer. The Reporting Person may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Person may change its intentions with respect to any and all matters referred to in this Item 4. It may also take steps to explore and prepare for various plans and actions, and propose transactions, before forming an intention to engage in such plans or actions or proceed with such transactions. The Reporting Person intends to review its investment in the Issuer on a continuing basis and depending upon various factors, including without limitation, the Issuer's financial position and strategic direction, the outcome of any discussions referenced above, overall market conditions, other investment opportunities available to the Reporting Person, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Person may endeavor (i) to increase or decrease its position in the Issuer through, among other things, the purchase or sale of securities of the Issuer, including through transactions involving the Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer in the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Person may deem advisable and/or (ii) to enter into transactions that increase or hedge their economic exposure to the Shares without affecting their beneficial ownership of the Shares. In addition, the Reporting Person may, at any time and from time to time, (i) review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Shares and percentage of Shares beneficially owned by the Reporting Person. The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 3,868,826 Shares outstanding as of Aug. 12, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2025. As of the date hereof, the Reporting Person beneficially owned 211,248 Shares, constituting approximately 5.46% of the Shares outstanding.
(b)	See rows (7) through (10) of the cover page to this Schedule 13D for the Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Shares affected by the Reporting Person during the past sixty (60) days, which were all in the open market, are set forth on Schedule A attached hereto.
(d)	No persons other than the Reporting Person have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares beneficially owned by the Reporting Person.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Other than as described herein, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person with respect to the securities of the Issuer.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

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.

2717 Partners LP

Signature:	Herbert Edward Robson II
Name/Title:	Herbert Edward Robson II, Managing Partner & CIO
Date:	08/19/2025

FAQ

How many ACCESS Newswire Inc. (ISDR) shares does 2717 Partners LP own?

The filing states 211,248 shares beneficially owned by 2717 Partners LP.

What percentage of ISDR does 2717 Partners LP hold?

The reported stake represents approximately 5.46% of the outstanding common stock.

How much did 2717 Partners LP pay for its ISDR shares?

The aggregate purchase price reported is approximately $2,365,619.77, excluding brokerage commissions.

What is 2717 Partners LP’s stated purpose for the investment in ISDR?

They believe the issuer is undervalued and intend to engage with the board and management about strategic opportunities to maximize shareholder value, including potential transactions and governance changes.

Will 2717 Partners LP try to change ISDR’s board or operations?

The filing says the reporting person may consider changes to operations, management, board composition, ownership, capital structure, or pursue sale transactions, but no specific actions are detailed.