Statement of Ownership (sc 13g)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )1
SG Blocks, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
78418A307
(CUSIP Number)
December 11, 2019
(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)
1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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).
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
Bigger Capital Fund, LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 385,700 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
385,700 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
385,700 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
12 TYPE OF REPORTING PERSON
PN
2
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
Bigger Capital Fund GP, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 385,700 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
385,700 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
385,700 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
12 TYPE OF REPORTING PERSON
OO
3
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
District 2 Capital Fund LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 1,666,600 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
1,666,600 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,666,600 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
12 TYPE OF REPORTING PERSON
PN
4
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
District 2 Capital LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 1,666,600 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
1,666,600 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,666,600 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
12 TYPE OF REPORTING PERSON
PN
5
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
District 2 GP LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 1,666,600 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
1,666,600 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,666,600 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
12 TYPE OF REPORTING PERSON
OO
6
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
District 2 Holdings LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 1,666,600 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
1,666,600 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,666,600 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
12 TYPE OF REPORTING PERSON
OO
7
CUSIP No. 78418A307
1 NAME OF REPORTING PERSON
Michael Bigger
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ?
(b) ?
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,052,300 shares of Common Stock
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
2,052,300 shares of Common Stock
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,052,300 shares of Common Stock
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ?
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.9%
12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 78418A307
Item 1(a). Name of Issuer:
SG Blocks, Inc., a Delaware corporation (the “Issuer”).
Item 1(b). Address of Issuer’s Principal Executive Offices:
195 Montague Street, 14th Floor
Brooklyn, New York 11201
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office or, if None, Residence
Item 2(c). Citizenship
Bigger Capital Fund, LP (“Bigger Capital”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
Bigger Capital Fund GP, LLC (“Bigger GP”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Capital Fund LP (“District 2 CF”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Capital LP (“District 2”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 GP LLC (“District 2 GP”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
District 2 Holdings LLC (“District 2 Holdings”)
175 W. Carver Street
Huntington, NY 11743
Citizenship: Delaware
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CUSIP No. 78418A307
Michael Bigger
175 W. Carver Street
Huntington, NY 11743
Citizenship: USA
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value (the “Common Stock”).
Item 2(e). CUSIP Number:
78418A307
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
/x/ Not applicable.
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act.
(d) / / Investment company registered under Section 8 of the Investment Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
(i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
(j) / / A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).
(k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
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CUSIP No. 78418A307
Item 4. Ownership
(a) Amount beneficially owned:
As of December 11, 2019, Bigger Capital beneficially owned 385,700 shares of Common Stock.
Bigger GP, as the general partner of Bigger Capital, may be deemed to beneficially own the 385,700 shares of Common Stock beneficially owned by Bigger Capital.
As of December 11, 2019, District 2 CF beneficially owned 1,666,600 shares of Common Stock.
District 2, as the investment manager of District 2 CF, may be deemed to beneficially own the 1,666,600 shares of Common Stock beneficially owned by District 2 CF.
District 2 GP, as the general partner of District 2 CF, may be deemed to beneficially own the 1,666,600 shares of Common Stock beneficially owned by District 2 CF.
District 2 Holdings, as the managing member of District 2 GP, may be deemed to beneficially own the 1,666,600 shares of Common Stock beneficially owned by District 2 CF.
Mr. Bigger, as the managing member of Bigger GP and the managing member of District 2 Holdings, may be deemed to beneficially own the (i) 385,700 shares of Common Stock beneficially owned by Bigger Capital and (ii) 1,666,600 shares of Common Stock beneficially owned by District 2 CF.
The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of Bigger GP and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by Bigger Capital. Each of District 2, District 2 GP, District 2 Holdings and Mr. Bigger disclaims beneficial ownership of the shares of Common Stock beneficially owned by District 2 CF. The filing of this statement shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities.
(b) Percent of class:
The following percentages are based on 23,157,791 shares of Common Stock outstanding as of December 10, 2019, as represented in the Company’s Prospectus Supplement filed under Rule 424(b)(4) with the Securities and Exchange Commission on December 11, 2019.
As of the close of business on December 11, 2019, (i) each of Bigger Capital and Bigger GP may be deemed to beneficially own approximately 1.7% of the outstanding shares of Common Stock, (ii) each of District 2 CF, District 2, District 2 GP and District 2 Holdings may be deemed to beneficially own 2.2% of the outstanding shares of Common Stock and (iii) Mr. Bigger may be deemed to beneficially own approximately 8.9% of the outstanding shares of Common Stock.
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CUSIP No. 78418A307
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of
See Cover Pages Items 5-9.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Bigger GP and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by Bigger Capital. District 2, District 2 GP, District 2 Holdings and Mr. Bigger may be deemed to share voting and dispositive power over the shares of Common Stock beneficially owned by District 2 CF.
Item 7. Identification and Classification of the Subsidiary That 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.
See Exhibit 99.1.
Item 9. Notice of Dissolution of Group.
Not Applicable.
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CUSIP No. 78418A307
Item 10. Certifications.
By signing below each of the undersigned certifies that, to the best of its 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.
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CUSIP No. 78418A307
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: December 20, 2019
BIGGER CAPITAL FUND, LP BIGGER CAPITAL FUND GP, LLC
By: Bigger Capital Fund GP, LLC, its general partner By:
/s/ Michael Bigger
Michael Bigger
By:
/s/ Michael Bigger
Managing Member
Michael Bigger
Managing Member
DISTRICT 2 CAPITAL LP
DISTRICT 2 CAPITAL FUND LP By:
/s/ Michael Bigger
Michael Bigger
By: District 2 GP LLC, its general partner Managing Member
By:
/s/ Michael Bigger
Michael Bigger DISTRICT 2 HOLDINGS LLC
Managing Member
By:
/s/ Michael Bigger
Michael Bigger
DISTRICT 2 GP LLC Managing Member
By:
/s/ Michael Bigger
Michael Bigger
/s/ Michael Bigger
Managing Member MICHAEL BIGGER
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