SUI Group Holdings (SUIG): MMCAP and MM Asset disclose 8.8% ownership stake

Rhea-AI Filing Summary

MMCAP International Inc. SPC and MM Asset Management Inc. report beneficial ownership of SUI Group Holdings Ltd. common stock. They collectively beneficially own 6,750,751 shares of common stock, representing 8.8% of the outstanding class as of June 30, 2026.

The filers report 0 shares with sole voting or dispositive power and 6,750,751 shares with shared voting and shared dispositive power. The filing is made jointly under a joint filing agreement included as an exhibit.

Key Figures

Beneficial ownership: 6,750,751 shares Percent of class: 8.8% Shared voting power: 6,750,751 shares +5 more

8 metrics

Beneficial ownership 6,750,751 shares Total SUI Group Holdings Ltd. common shares beneficially owned by the filers

Percent of class 8.8% Portion of SUI Group Holdings Ltd. common stock class beneficially owned

Shared voting power 6,750,751 shares Shares over which the filers have shared power to vote or direct the vote

Sole voting power 0 shares Shares over which the filers have sole power to vote or direct the vote

Shared dispositive power 6,750,751 shares Shares over which the filers have shared power to dispose or direct disposition

Sole dispositive power 0 shares Shares over which the filers have sole power to dispose or direct disposition

CUSIP 59982U200 CUSIP number for SUI Group Holdings Ltd. common stock

Reporting date reference 06/30/2026 Date associated with the reported ownership position

Key Terms

beneficially owned, shared voting power, shared dispositive power, Schedule 13G/A, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 6,750,751"

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.

shared voting power financial

"Shared Voting Power 6,750,751.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 6,750,751.00"

Schedule 13G/A regulatory

"form_type: "SCHEDULE 13G/A""

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

percent of class financial

"(b) | Percent of class: 8.8%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What ownership stake in SUIG does MMCAP International report in this Schedule 13G/A?

MMCAP International and MM Asset Management report beneficial ownership of 6,750,751 SUI Group Holdings Ltd. shares, representing 8.8% of the common stock class. All of these shares are held with shared voting and dispositive power.

Who are the reporting persons in SUI Group Holdings Ltd. (SUIG) Schedule 13G/A?

The reporting persons are MMCAP International Inc. SPC, organized in the Cayman Islands, and MM Asset Management Inc., organized in Ontario, Canada. They file jointly regarding their beneficial ownership of SUI Group Holdings Ltd. common stock.

How much voting power do the filers report over SUIG shares?

The filers report 0 shares with sole voting power and 6,750,751 shares with shared voting power. This matches their total beneficial ownership and indicates all voting authority is shared rather than held individually.

What percentage of SUI Group Holdings Ltd. (SUIG) does 6,750,751 shares represent?

The filing states that 6,750,751 shares of SUI Group Holdings Ltd. common stock represent 8.8% of the outstanding class. This percentage reflects their total reported beneficial ownership position in the company.

Is the SUI Group Holdings (SUIG) Schedule 13G/A a joint filing?

Yes. MMCAP International Inc. SPC and MM Asset Management Inc. submit a joint filing, supported by a Joint Filing Agreement filed as Exhibit 99.1, covering their shared beneficial ownership of SUIG common stock.

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

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 08/14/2026 - 02:13 PM Accepted by SEC EDGAR 08/14/2026 - 02:12 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

SUI Group Holdings Ltd.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

59982U200

(CUSIP Number)

06/30/2026

(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): 59982U200

1

Names of Reporting Persons

MMCAP International Inc. SPC

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,750,751.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,750,751.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,750,751.00

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)

8.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): 59982U200

1

Names of Reporting Persons

MM Asset Management 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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,750,751.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,750,751.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,750,751.00

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)

8.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SUI Group Holdings Ltd.
(b)	Address of issuer's principal executive offices: 1907 Wayzata Boulevard, Suite 205, Wayzata, MN 55391
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Common Stock, $0.001 par value
(e)	CUSIP No.: 59982U200
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: 6,750,751
(b)	Percent of class: 8.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 6,750,751
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 6,750,751
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.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	08/14/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	08/14/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement