Minerva discloses 11.6% Nuvera Communications (NUVR) ownership in amended 13G

Rhea-AI Filing Summary

Nuvera Communications, Inc. received an updated ownership report showing that Minerva Advisors LLC, together with related Minerva entities and David P. Cohen, beneficially own 606,916 shares of Nuvera common stock, or 11.6% of the class, as of December 31, 2025.

The filing explains that 405,381 shares are held by Minerva Group, LP, over which several Minerva entities and Cohen share deemed beneficial ownership. Minerva Advisors LLC and Cohen also report shared voting and dispositive power over an additional 201,535 shares. The ownership is reported on a Schedule 13G/A (Amendment No. 6), indicating the securities are not held for the purpose of changing or influencing control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

Nuvera Communications, Inc.

(Name of Issuer)

Common Stock, $1.66 Par value

(Title of Class of Securities)

67075V100

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 67075V100

1

Names of Reporting Persons

Minerva Advisors LLC

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 405,381.00
6	Shared Voting Power 201,535.00
7	Sole Dispositive Power 405,381.00
8	Shared Dispositive Power 201,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

606,916.00

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)

11.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 67075V100

1

Names of Reporting Persons

Minerva Group 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 405,381.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 405,381.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

405,381.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 67075V100

1

Names of Reporting Persons

Minerva GP, 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 405,381.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 405,381.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

405,381.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 67075V100

1

Names of Reporting Persons

Minerva GP, Inc.

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

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 405,381.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 405,381.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

405,381.00

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)

7.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 67075V100

1

Names of Reporting Persons

David P. Cohen

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 405,381.00
6	Shared Voting Power 201,535.00
7	Sole Dispositive Power 405,381.00
8	Shared Dispositive Power 201,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

606,916.00

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)

11.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Nuvera Communications, Inc.
(b)	Address of issuer's principal executive offices: 27 NORTH MINNESOTA ST., NEW ULM, MN, 56073
Item 2.
(a)	Name of person filing: Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen
(b)	Address or principal business office or, if none, residence: 50 Monument Road, Suite 201 Bala Cynwyd, PA 19004
(c)	Citizenship: David P. Cohen is a U.S. Citizen. Minerva Advisors LLC, Minerva Group, LP, and Minerva GP, LP are organized under Delaware law. Minerva GP, Inc. is organized under Pennsylvania law.
(d)	Title of class of securities: Common Stock, $1.66 Par value
(e)	CUSIP No.: 67075V100
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: Minerva Advisors LLC* - 606,916 Minerva Group LP - 405,381 Minerva GP, LP* - 405,381 Minerva GP, Inc.* - 405,381 David P. Cohen* - 606,916 *Each of these reporting persons is deemed a beneficial owner of the 405,381 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 606,916 shares of the Issuer beneficially owned by Minerva Advisors LLC.
(b)	Percent of class: Minerva Advisors LLC* - 11.6% Minerva Group LP - 7.8% Minerva GP, LP* - 7.8% Minerva GP, Inc.* - 7.8% David P. Cohen* - 11.6% *Each of these reporting persons is deemed a beneficial owner of the 7.8% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is also deemed a beneficial owner of the 11.6% of the shares of the Issuer beneficially owned by Minerva Advisors LLC. Based on a total of 5,215,348 shares of the Issuer's Common Stock outstanding as of December 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended December 31, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Minerva Advisors LLC* - 405,381 Minerva Group LP - 405,381 Minerva GP, LP* - 405,381 Minerva GP, Inc.* - 405,381 David P. Cohen* - 405,381 *Each of these reporting persons is deemed a beneficial owner of the 405,381 shares of the Issuer held by Minerva Group, LP.
	(ii) Shared power to vote or to direct the vote: Minerva Advisors LLC - 201,535 David P. Cohen** - 201,535 **David P. Cohen is deemed a beneficial owner of the 201,535 shares of the Issuer beneficially owned by Minerva Advisors LLC.
	(iii) Sole power to dispose or to direct the disposition of: Minerva Advisors LLC* - 405,381 Minerva Group LP - 405,381 Minerva GP, LP* - 405,381 Minerva GP, Inc.* - 405,381 David P. Cohen* - 405,381 *Each of these reporting persons is deemed a beneficial owner of the 405,381 shares of the Issuer held by Minerva Group, LP.
	(iv) Shared power to dispose or to direct the disposition of: Minerva Advisors LLC - 201,535 David P. Cohen** - 201,535 **David P. Cohen is deemed a beneficial owner of the 201,535 shares of the Issuer beneficially owned by Minerva Advisors LLC.
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 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.

Minerva Advisors LLC

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva Group LP

Signature:	MINERVA GP, LP
Name/Title:	General Partner
Date:	02/10/2026

Signature:	MINERVA GP, INC.
Name/Title:	General Partner
Date:	02/10/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva GP, LP

Signature:	MINERVA GP, INC.
Name/Title:	General Partner
Date:	02/10/2026

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

Minerva GP, Inc.

Signature:	David P. Cohen
Name/Title:	President
Date:	02/10/2026

David P. Cohen

Signature:	David P. Cohen
Name/Title:	Individual
Date:	02/10/2026

FAQ

What stake does Minerva Advisors report in Nuvera Communications (NUVR)?

Minerva Advisors LLC and related entities report beneficial ownership of 606,916 Nuvera shares, representing 11.6% of the common stock. This total is based on 5,215,348 shares outstanding as of December 31, 2025, according to Nuvera’s Form 10-Q.

Who are the reporting persons in this Nuvera (NUVR) Schedule 13G/A?

The reporting persons are Minerva Advisors LLC, Minerva Group, LP, Minerva GP, LP, Minerva GP, Inc., and David P. Cohen. They collectively report beneficial ownership in Nuvera Communications’ common stock, with various entities deemed owners of shares held by Minerva Group, LP.

How many Nuvera (NUVR) shares are directly held by Minerva Group, LP?

Minerva Group, LP directly holds 405,381 shares of Nuvera common stock. Several affiliated Minerva entities and David P. Cohen are deemed beneficial owners of these shares, reflecting their control relationships rather than additional separate share positions.

What percentage of Nuvera (NUVR) does David P. Cohen beneficially own?

David P. Cohen is deemed to beneficially own 606,916 Nuvera shares, or 11.6% of the common stock. This includes shares held by Minerva Group, LP and those beneficially owned by Minerva Advisors LLC, over which he is also considered a beneficial owner.

How are Nuvera (NUVR) voting and dispositive powers allocated among Minerva entities?

Minerva entities and David P. Cohen report sole voting and dispositive power over 405,381 shares, and Minerva Advisors LLC and Cohen report shared voting and dispositive power over 201,535 shares. These figures reflect control over how shares are voted and whether they can be sold or transferred.

Does the Minerva 13G/A for Nuvera (NUVR) indicate an attempt to change control?

The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Nuvera Communications. It also notes they are not held in connection with transactions having that purpose, except for activities tied to nomination under Rule 14a-11.