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[SCHEDULE 13G/A] MGO Global Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary

MGO Global Inc. received an amendment to a Schedule 13G filed by S.H.N. Financial Investments Ltd. The filer states it currently holds 0 shares of MGO Global common stock, representing 0% of the class. The amendment references a prior Schedule 13G filed January 2, 2025, which covered 921,000 shares purchased on December 24, 2024. Nir Shamir is identified as CEO of the reporting entity and may be deemed to beneficially own the securities but disclaims such ownership for all other purposes. The filing certifies the shares were not acquired to influence control.

Positive
  • Amendment filed demonstrating compliance with SEC reporting requirements
  • Clear disclosure of current beneficial ownership (0 shares) and percentage (0%)
  • Certification that shares were not acquired to influence issuer control
Negative
  • Prior reported position of 921,000 shares is referenced but this amendment reports 0 shares without explaining the change
  • Insufficient transactional detail to determine why ownership moved from 921,000 to 0, limiting investor assessment

Insights

TL;DR Amendment shows current reported ownership of 0 shares despite an earlier filing covering 921,000 shares; impact appears limited.

The Schedule 13G/A clarifies current beneficial ownership: S.H.N. Financial Investments Ltd. reports 0 shares and 0% ownership. The amendment explicitly references a prior filing that covered 921,000 shares purchased on December 24, 2024, which suggests a disposition, transfer, or reclassification occurred but details are not provided in this document. The filing includes the standard non-control certification, reducing governance concern. For investors, the direct economic impact is unclear because the form does not disclose why holdings moved to zero.

TL;DR Disclosure is procedurally appropriate; absence of explanatory detail limits assessment of governance or control implications.

The amendment follows Schedule 13G formatting and includes required certifications and identification. Notably, Nir Shamir as CEO of the reporting entity is mentioned as potentially deemed to beneficially own the securities but disclaims ownership, a common legal precaution. The filing does not provide transactional details explaining the gap between the earlier 921,000-share report and the current 0-share position, so material governance implications cannot be determined from this document alone.






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





SCHEDULE 13G



S.H.N. Financial Investments Ltd.
Signature:/s/ Nir Shamir
Name/Title:Nir Shamir, Chief Executive Officer
Date:08/14/2025

FAQ

What does the Schedule 13G/A from S.H.N. Financial Investments Ltd. say about MGOL ownership?

The amendment states S.H.N. Financial Investments Ltd. currently beneficially owns 0 shares of MGO Global common stock, representing 0% of the class.

Why is 921,000 shares mentioned in the filing for MGOL?

The amendment references a prior Schedule 13G filed January 2, 2025, that covered 921,000 shares purchased on December 24, 2024; no further details are provided here.

Does the filing indicate S.H.N. Financial Investments Ltd. intends to influence control of MGOL?

No. The signer certifies the securities were not acquired and are not held to change or influence control of the issuer.

Is Nir Shamir reported as a beneficial owner of MGOL shares?

The filing states Nir Shamir, CEO of the reporting person, may be deemed to beneficially own the securities but he disclaims beneficial ownership for all other purposes.

Does this Schedule 13G/A explain how the position moved from 921,000 to 0 shares?

No. The amendment notes the earlier covered shares and reports current ownership as 0 but does not disclose transactions or reasons for the change.
MGO Global Inc

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