U.S. Gold Corp (USAU) holders disclose 11.01% passive ownership stake
Rhea-AI Filing Summary
U.S. Gold Corp. investors report an 11.01% ownership stake in the company’s common stock. Thomas B. Akin and Karen Hochster together beneficially own 1,585,000 shares of common stock, based on 14,390,202 shares outstanding as of December 9, 2025.
Akin directly beneficially owns 1,510,000 shares, including 1,220,000 common shares and rights to acquire 290,000 shares through warrants. Hochster directly beneficially owns 75,000 shares. They state the holdings are not intended to change or influence control of U.S. Gold Corp.
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FAQ
What ownership stake in U.S. Gold Corp (USAU) do Thomas B. Akin and Karen Hochster report?
They report a combined beneficial ownership of 11.01% of U.S. Gold Corp common stock. This represents 1,585,000 shares, calculated against 14,390,202 shares outstanding as of December 9, 2025, as disclosed in a previously filed quarterly report.
What type of filing did U.S. Gold Corp (USAU) investors submit for this ownership disclosure?
The investors submitted an Amendment No. 3 to Schedule 13G. This SEC filing is used to report beneficial ownership of more than 5% of a company’s shares when the holders indicate a passive investment intent rather than seeking control.
Do the U.S. Gold Corp (USAU) investors state any intent to influence control of the company?
They certify the securities were not acquired and are not held to change or influence control of U.S. Gold Corp. They also state the holdings are not part of any control-related transaction, other than activities tied to a specific proxy nomination rule.