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