IMA Value now reports 0% holding in Rave Restaurant Group (RAVE)

Rhea-AI Filing Summary

IMA Value LLP filed Amendment No. 5 to its Schedule 13D regarding Rave Restaurant Group, Inc. common stock. The filing reports that IMA Value LLP now beneficially owns 0.00 shares, representing 0% of the outstanding common stock, indicating its holdings are 5 percent or less of the class.

The filing notes that prior purchases were for investment purposes and that there are no current plans or proposals to influence the company’s control, board composition, capital structure, or listing status.

Insights

Equity ownership analyst

Schedule 13D amendment shows IMA Value LLP now reports 0% ownership in RAVE.

The filing states that IMA Value LLP now beneficially owns 0.00 shares of Rave Restaurant Group common stock, or 0% of the class. This reflects that its position has fallen below the 5% threshold that typically requires a detailed Schedule 13D.

The amendment also confirms there are no plans for corporate actions such as mergers, asset sales, board changes, or capitalization shifts. For investors, this primarily updates the public record on institutional ownership; the actual impact depends on how important IMA’s prior stake was viewed.

Key Figures

Beneficial ownership: 0.00 shares Percent of class: 0% Ownership threshold status: 5 percent or less +1 more

4 metrics

Beneficial ownership 0.00 shares Aggregate amount beneficially owned by IMA Value LLP

Percent of class 0% Common stock represented by IMA Value LLP’s reported holdings

Ownership threshold status 5 percent or less Item 5(a) ownership description

Date of event May 14, 2026 Date of event requiring this Schedule 13D amendment

Key Terms

beneficially owned, sole voting power, dispositive power, Schedule 13D, +1 more

5 terms

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 0.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"9 | Sole Dispositive Power 0.00 10 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Limited partnership financial

"Comment for Type of Reporting Person Israeli Limited Partnership"

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 05/15/2026 - 04:51 PM Accepted by SEC EDGAR 05/15/2026 - 04:50 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

RAVE RESTAURANT GROUP, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

754198109

(CUSIP Number)

Noam Nakash
Renanim 8,
Ramat Gan, L3, 5259514
972 54 6960417

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

05/14/2026

(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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 754198109

1

Name of reporting person

IMA Value LLP

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)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ISRAEL

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

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

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Israeli Limited Partnership

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: RAVE RESTAURANT GROUP, INC.
(c)	Address of Issuer's Principal Executive Offices: 3551 PLANO PARKWAY, THE COLONY, TEXAS , 75056.
Item 2.	Identity and Background
(a)	IMA Value LLP Noam Nakash- Noam Nakash is the founder and majority shareholder of IMA Value (Funds Management) Ltd the General Partner of IMA Value LLP, located at Renanim 8 Ramat Gan, ISRAEL, 5259514
(b)	Renanim 8 Ramat Gan, ISRAEL, 5259514
(c)	Noam Nakash is the founder and majority shareholder of IMA Value (Funds Management) Ltd the General Partner of IMA Value LLP
(d)	During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors)
(e)	During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Israel
Item 3.	Source and Amount of Funds or Other Consideration
	The source of funds is The Limited partnership own funds.
Item 4.	Purpose of Transaction
	The purchases of shares of Common Stock by the Reporting Person were for investment purposes. The Reporting Person may purchase additional shares from time to time depending upon price, market conditions, availability of funds, evaluation of other investment opportunities, and other factors. Although the Reporting Person has no present intention to sell any shares, he could determine from time to time to sell some or all of the shares held The Reporting Person does not have any plan or proposal which relates to any of the following matters (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board other than by invitation of members of the Board. Mr. Bares has resigned from the Board of Directors effective 1-6-2021. (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above.
Item 5.	Interest in Securities of the Issuer
(a)	Ownership of 5 percent or less of a class.
(b)	Noam Nakash For IMA Value LLP has the sole power to vote and dispose of the shares of Common Stock that he directly beneficially owns.
(c)	NA
(d)	NA
(e)	May 14, 2026
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	None
Item 7.	Material to be Filed as Exhibits.
	None

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.

IMA Value LLP

Signature:	Noam Nakash
Name/Title:	CEO
Date:	05/15/2026

FAQ

What does IMA Value LLP’s amended Schedule 13D/A say about its RAVE ownership?

IMA Value LLP’s amended Schedule 13D reports it now beneficially owns 0.00 shares of Rave Restaurant Group common stock, equal to 0% of the class. This means its holdings have dropped below the 5% level that typically triggers detailed 13D reporting.

Does IMA Value LLP still hold a significant stake in Rave Restaurant Group (RAVE)?

No. The filing states IMA Value LLP beneficially owns 0.00 shares, which represents 0% of Rave Restaurant Group’s common stock. It also characterizes ownership as “5 percent or less,” confirming the firm is no longer a significant beneficial owner.

What intentions does IMA Value LLP disclose regarding its RAVE investment?

The filing says prior purchases were for investment purposes and lists no plans for mergers, asset sales, board changes, or control transactions. It notes the reporting person currently has no plans or proposals related to major corporate actions affecting Rave Restaurant Group.

Who is the reporting person in this RAVE Schedule 13D/A Amendment No. 5?

The reporting person is IMA Value LLP, an Israeli limited partnership. The filing identifies Noam Nakash as founder and majority shareholder of IMA Value (Funds Management) Ltd, the general partner of IMA Value LLP, and as the signatory certifying the statement.

What percentage of Rave Restaurant Group’s stock does IMA Value LLP report owning?

IMA Value LLP reports owning 0% of Rave Restaurant Group’s common stock. The Schedule 13D cover page shows an aggregate amount beneficially owned of 0.00 shares and a “Percent of class” figure of 0% for the reporting person.

Are there any special agreements regarding IMA Value LLP’s RAVE shares?

No. Under the section for contracts or arrangements regarding the issuer’s securities, the filing states “None”. This indicates there are no disclosed side agreements, options, or other arrangements tied to Rave Restaurant Group’s common stock held by the reporting person.