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Filing Details

Accession Number:: 0000899243-22-037164
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-29 20:35:47
Reporting Period:: 2022-11-25

Accepted Time:: 2022-11-29 20:35:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
946454	Ballantyne Strong Inc.	BTN	Photographic Equipment & Supplies (3861)	470587703

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1187586	H Joseph Moglia	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	Yes	No	Yes	No
1878780	Fundamental Global Gp, Llc	108 Gateway Blvd., Suite 204 Mooresville NC 28117	No	No	Yes	No
1956315	Ballantyne Strong Holdings, Llc	108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-11-25	2,677	$2.26	2,677	No	4	P	Indirect	BALLANTYNE STRONG HOLDINGS, LLC
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-11-28	4,945	$2.33	7,622	No	4	P	Indirect	BALLANTYNE STRONG HOLDINGS, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	BALLANTYNE STRONG HOLDINGS, LLC
No	4	P	Indirect	BALLANTYNE STRONG HOLDINGS, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	4,069,456	Indirect	BALLANTYNE STRONG HOLDINGS, LLC
Common Stock, Par Value $0.01 Per Share	853,619	Indirect	FUNDAMENTAL GLOBAL HOLDINGS, LP

Footnotes

The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.22 to $2.28, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.295 to $2.40, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the SEC, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.
This amount includes the 4,061,834 shares previously reported as directly beneficially owned by Fundamental Activist Fund I, LP ("FAFI"), which was contributed to Ballantyne Strong Holdings, LLC ("BTN Holdings") on November 28, 2022. FAFI owns membership interests in BTN Holdings and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings.
The funds managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 4,923,075 shares of Common Stock, which represent approximately 25.3% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings and Fundamental Global Holdings, LP ("FGHP").
Due to their positions with FGGP and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN Holdings and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Mr. Cerminara also holds additional shares of Common Stock.