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13D Filing: Raging Capital Management and SMG Indium Resources Ltd. (OTCMKTS:SMGI)

SMG Indium Resources Ltd. (OTCMKTS:SMGI): William C. Martin’s Raging Capital Management filed an amended 13D.

You can check out Raging Capital Management’s latest holdings and filings here.

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William C. Martin
William C. Martin
Raging Capital Management

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Raging Capital Management 1,386 1,386 782,498 782,498 11.7%
William C. Martin 782,498 783,884 11.7%
William C. Martin
William C. Martin
Raging Capital Management

Page 1 of 6 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 9)1

SMG Indium Resources Ltd.

(Name
of Issuer)

Common Stock

(Title of Class of Securities)

78454K102

(CUSIP Number)

STEVE
WOLOSKY, ESQ.

OLSHAN
FROME WOLOSKY LLP

1325
Avenue of the Americas

New
York, New York 10019

(212)
451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices
and Communications)

September 19, 2017

(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
¨.

Note:  Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See
§ 240.13d-7 for other parties to whom copies are to be sent.

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).

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Page 2 of 6 – SEC Filing

1 NAME OF REPORTING PERSON
Raging Capital Management, LLC
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY – 0 –
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 782,498
PERSON WITH 9 SOLE DISPOSITIVE POWER
– 0 –
10 SHARED DISPOSITIVE POWER
782,498
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
782,498
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
14 TYPE OF REPORTING PERSON
IA
2

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Page 3 of 6 – SEC Filing

1 NAME OF REPORTING PERSON
William C. Martin
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
(b) ☐
3 SEC USE ONLY
4 SOURCE OF FUNDS
AF, PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,386
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 782,498
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,386
10 SHARED DISPOSITIVE POWER
782,498
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
783,884
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%
14 TYPE OF REPORTING PERSON
HC
3

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Page 4 of 6 – SEC Filing

The following constitutes
Amendment No. 9 to the Schedule 13D filed by the undersigned (“Amendment No. 9”). This Amendment No. 9 amends the
Schedule 13D as specifically set forth herein.

Explanatory
Note

On September 19, 2017
(“Closing Date”), the Issuer entered into an Agreement and Plan of Share Exchange dated as of such date (the “Exchange
Agreement”) with MG Cleaners LLC, a Texas limited liability company (“MG”), and all of the members of MG (the
“MG Members”). On the Closing Date, pursuant to the Exchange Agreement, the Issuer acquired one hundred percent (100%)
of the issued and outstanding membership interests of MG (“MG Membership Interests”) from the MG Members pursuant to
which MG became a wholly owned subsidiary of the Issuer (“Acquisition”). In accordance with the terms of the Exchange
Agreement, and in connection with the completion of the Acquisition, on the Closing Date the Issuer issued 4,578,276 shares of
Common Stock of the Issuer, and agreed to pay $300,000 in cash ($250,000 at closing) to the MG Members in exchange for all of the
issued and outstanding MG Membership Interests. Additionally, on the Closing Date the Issuer issued 350,000 restricted shares of
Common Stock of the Issuer to certain officers and directors of the Issuer that resigned in connection with the Acquisition. As
a result of such issuances of shares of Common Stock, the Reporting Persons’ beneficial ownership of shares decreased to
approximately 11.7% of the outstanding shares as discussed in Item 5 below.

Item 5. Interest in Securities of the Issuer.

Items 5(a)-(c) are
hereby amended and restated to read as follows:

(a)       The
aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 6,672,845 shares outstanding
as of September 19, 2017, which is the total number of shares outstanding as reported in the Issuer’s Form 8-K filed with
the Securities and Exchange Commission on September 19, 2017.

As of the close of
business on the date hereof, each of Raging Capital and William C. Martin may be deemed to beneficially own the 782,498 shares
of Common Stock, constituting approximately 11.7% of the shares outstanding, held by Raging Master by virtue of their relationships
with Raging Master discussed in further detail in Item 2. Mr. Martin also directly owns 1,386 shares of Common Stock which, together
with the 782,498 shares of Common Stock held by Raging Master he may be deemed to beneficially own, constitutes approximately 11.7%
of the shares outstanding.

Each of the Reporting
Persons, as a member of a “group” with the other Reporting Person for purposes of Rule 13d-5(b)(1) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the shares of Common Stock
owned by the other Reporting Person. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons
are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any shares of Common Stock he or it does not directly
own. Each of the Reporting Persons specifically disclaims beneficial ownership of the shares of Common Stock reported herein that
he or it does not directly own. Without limiting the foregoing sentence, Raging Master specifically disclaims beneficial ownership
of the securities of the Issuer held by it by virtue of its inability to vote or dispose of such securities as a result of the
IMA.

4

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Page 5 of 6 – SEC Filing

(b)       Raging
Capital and William C. Martin may be deemed to share the power to vote and dispose of the shares of Common Stock held by Raging
Master. Mr. Martin has the sole power to vote and dispose of the shares of Common Stock he directly owns.

(c)       The
Reporting Persons have not entered into any transactions in the securities of the Issuer during the past 60 days.

5

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Page 6 of 6 – SEC Filing

SIGNATURES

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:  September 21, 2017 Raging Capital Management, LLC
By: /s/ Frederick C. Wasch
Name: Frederick C. Wasch
Title: Chief Financial Officer
/s/ Frederick C. Wasch
Frederick C. Wasch, as attorney-in-fact for William C. Martin
6
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