Marathon Micro Fund reports 3.0M shares (9.1%) of LIQTECH

LIQTECH INTERNATIONAL INC ownership disclosure: Marathon Micro Fund L.P. reports beneficial ownership of 3,000,000 shares of common stock, representing 9.1% of the class as reported in the filing dated 06/10/2026.

Rhea-AI Filing Summary

LIQTECH INTERNATIONAL INC ownership disclosure: Marathon Micro Fund L.P. reports beneficial ownership of 3,000,000 shares of common stock, representing 9.1% of the class as reported in the filing dated 06/10/2026. The filer states sole voting and sole dispositive power over the shares. The filing is signed by James G. Kennedy as President on 06/17/2026.

Insights

Corporate Governance Analyst

Large passive stake disclosed with sole control over votes and disposition.

The filing shows Marathon Micro Fund L.P. holds 3,000,000 shares or 9.1% of LIQTECH common stock as of 06/10/2026. The entry records sole voting and dispositive power, indicating control of voting decisions for that stake.

Ownership at this scale can influence shareholder votes depending on turnout; subsequent filings or Schedule 13D would indicate activist intent. Future disclosures may show any change in position or intentions.

Institutional Ownership Specialist

Non‑transactional ownership disclosure consistent with regulatory reporting.

The Schedule 13G format and the percentages listed align with passive or beneficial‑ownership reporting conventions. The form identifies the filer, address, citizenship (Delaware), and the CUSIP 53632A300.

Watch for any amendments or a Schedule 13D if the holder changes intentions; the current filing does not assert an acquisition purpose beyond reporting the position.

Key Figures

Shares beneficially owned: 3,000,000 shares Percent of class: 9.1% CUSIP: 53632A300

3 metrics

Shares beneficially owned 3,000,000 shares Reported in Schedule 13G as of <date>06/10/2026</date>

Percent of class 9.1% Percent of common stock reported in the filing

CUSIP 53632A300 Identifier for LIQTECH common stock in the filing

Key Terms

Schedule 13G, Beneficial ownership, Sole dispositive power

3 terms

Schedule 13G regulatory

"Name of filing indicated by the form header and disclosure"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. Ownership (a) Amount beneficially owned: 3,000,000"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Item 4.(iii) Sole power to dispose or to direct the disposition of: 3,000,000"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

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

What stake does Marathon Micro Fund report in LIQT?

Marathon Micro Fund L.P. reports beneficial ownership of 3,000,000 shares, equal to 9.1% of LIQTECH's common stock as of 06/10/2026. The filing lists sole voting and dispositive power over those shares.

What filing did Marathon Micro Fund submit for LIQT?

The holder filed a Schedule 13G reporting beneficial ownership of LIQTECH common stock. The cover CUSIP is 53632A300 and the submission is signed on 06/17/2026 by James G. Kennedy.

Does the Schedule 13G show Marathon Micro Fund controls voting for those shares?

Yes. The filing states the fund has sole power to vote and sole power to dispose of the 3,000,000 shares reported, with no shared voting or dispositive powers listed.

Is Marathon Micro Fund identified as a Delaware entity in the filing?

Yes. The filing states that Marathon Micro Fund L.P. is a Delaware entity and provides its business address at 4 North Park Drive, Suite 106, Hunt Valley, MD 21030 in the disclosure.

Will this Schedule 13G trigger further filings if the stake changes?

If the holder's ownership or intent changes materially, an amendment or a Schedule 13D may be required. This filing itself only reports the current position and powers as disclosed on 06/10/2026.

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

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Accepted by SEC EDGAR 06/17/2026 - 03:52 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LIQTECH INTERNATIONAL INC

(Name of Issuer)

Common Stock, Par Value $.001

(Title of Class of Securities)

53632A300

(CUSIP Number)

06/10/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 53632A300

1

Names of Reporting Persons

Marathon Micro Fund, LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,000,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,000,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,000,000.00

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)

9.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LIQTECH INTERNATIONAL INC
(b)	Address of issuer's principal executive offices: INDUSTRIPARKEN 22C, BALLERUP, DENMARK, DK-2750
Item 2.
(a)	Name of person filing: MARATHON MICRO FUND L.P.
(b)	Address or principal business office or, if none, residence: 4 NORTH PARK DRIVE, SUITE 106 HUNT VALLEY, MD 21030
(c)	Citizenship: MARATHON MICRO FUND L.P. IS A DELAWARE CORPORATION
(d)	Title of class of securities: Common Stock, Par Value $.001
(e)	CUSIP Number(s): 53632A300
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: 3,000,000
(b)	Percent of class: 9.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,000,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,000,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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 acquired and are held in the ordinary course of business and 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.

Marathon Micro Fund, LP

Signature:	James G. Kennedy
Name/Title:	President
Date:	06/17/2026