0001193125-24-056392.txt : 20240301 0001193125-24-056392.hdr.sgml : 20240301 20240301202958 ACCESSION NUMBER: 0001193125-24-056392 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 GROUP MEMBERS: GP CASH MANAGEMENT, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IZEA Worldwide, Inc. CENTRAL INDEX KEY: 0001495231 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 371530765 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-87067 FILM NUMBER: 24712538 BUSINESS ADDRESS: STREET 1: 1317 EDGEWATER DR #1880 CITY: ORLANDO STATE: FL ZIP: 32804 BUSINESS PHONE: 407-674-6911 MAIL ADDRESS: STREET 1: 1317 EDGEWATER DR #1880 CITY: ORLANDO STATE: FL ZIP: 32804 FORMER COMPANY: FORMER CONFORMED NAME: IZEA, Inc. DATE OF NAME CHANGE: 20120522 FORMER COMPANY: FORMER CONFORMED NAME: IZEA Holdings, Inc. DATE OF NAME CHANGE: 20110519 FORMER COMPANY: FORMER CONFORMED NAME: Rapid Holdings Inc. DATE OF NAME CHANGE: 20100624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GP Investments, Ltd. CENTRAL INDEX KEY: 0001882765 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 16 BURNABY STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 BUSINESS PHONE: 1 (441) 279 0604 MAIL ADDRESS: STREET 1: 16 BURNABY STREET CITY: HAMILTON STATE: D0 ZIP: HM 11 SC 13G 1 d744089dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

 

IZEA Worldwide, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

46604H204

(CUSIP Number)

February 23, 2024

(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)

 

*

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 the disclosures provided in a prior cover page.

The information required in 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. 46604H204

 

 1   

 NAMES OF REPORTING PERSONS

 

 GP Cash Management, Ltd.

 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

 

 Bahamas

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5   

 SOLE VOTING POWER

 

 0

   6  

 SHARED VOTING POWER

 

 939,929

   7  

 SOLE DISPOSITIVE POWER

 

 0

   8  

 SHARED DISPOSITIVE POWER

 

 939,929

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 939,929

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

 

 6.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 CO


CUSIP No. 46604H204

 

 1   

 NAMES OF REPORTING PERSONS

 

 GP Investments, Ltd.

 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

 

 Bermuda

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH:

   5   

 SOLE VOTING POWER

 

 0

   6  

 SHARED VOTING POWER

 

 939,929

   7  

 SOLE DISPOSITIVE POWER

 

 0

   8  

 SHARED DISPOSITIVE POWER

 

 939,929

 9   

 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 939,929

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

 

 6.1%

12  

 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

 CO

 


Item 1(a).

Name of Issuer:

IZEA Worldwide, Inc. (the “Issuer”)

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

1317 Edgewater Dr #1880

Orlando, Florida 32804

 

Item 2(a).

Names of Persons Filing:

The names of the persons filing this report (collectively, the “Reporting Persons”) are:

GP Cash Management, Ltd. (“GP Cash Management”)

GP Investments, Ltd. (“GP Investments”)

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of GP Cash Management is Lyford Manor, Western Road, Lyford Cay, Nassau, N.P., The Bahamas, PO BOX CB-13007. The address of the principal business office of GP Investments is 16 Burnaby Street, Hamilton, HM 11, Bermuda.

 

Item 2(c).

Citizenship:

GP Cash Management is a Bahamas limited liability company.

GP Investments is a Bermuda limited liability company.

 

Item 2(d).

Title of Class of Securities:

Common Stock, $0.0001 par value per share (“Common Stock”)

 

Item 2(e).

CUSIP Number:

46604H204

 

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:

Not applicable.

 

Item 4.

Ownership.

The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentages reported are based on 15,454,166 outstanding shares of Common Stock, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 14, 2023.


GP Investments is the sole shareholder of GP Cash Management. Fersen Lambranho and Antonio Bonchristiano share voting control over the controlling shareholder of GP Investments. GP Cash Management directly owns 939,929 shares of Common Stock.

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

Item 6.

Ownership of More than Five 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.

Certification.

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 its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: March 1, 2024

GP CASH MANAGEMENT LTD.

 

By:  

/s/ Rodrigo Boscolo

Name:   Rodrigo Boscolo
Title:   Legal Representative
By:  

/s/ Antonio Bonchristiano

Name:   Antonio Bonchristiano
Title:   Legal Representative
GP INVESTMENTS, LTD.
By:  

/s/ Rodrigo Boscolo

Name:   Rodrigo Boscolo
Title:   Legal Representative
By:  

/s/ Antonio Bonchristiano

Name:   Antonio Bonchristiano
Title:   Legal Representative
EX-99.1 2 d744089dex991.htm EXHIBIT 1 Exhibit 1

EXHIBIT 1

AGREEMENT

The persons below hereby agree that the Schedule 13G to which this agreement is attached as an exhibit, as well as all future amendments to such Schedule 13G, shall be filed on behalf of each of them. This agreement is intended to satisfy the requirements of Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934.

Date: March 1, 2024

GP CASH MANAGEMENT LTD.

 

By:  

/s/ Rodrigo Boscolo

Name:   Rodrigo Boscolo
Title:   Legal Representative
By:  

/s/ Antonio Bonchristiano

Name:   Antonio Bonchristiano
Title:   Legal Representative
GP INVESTMENTS, LTD.
By:  

/s/ Rodrigo Boscolo

Name:   Rodrigo Boscolo
Title:   Legal Representative
By:  

/s/ Antonio Bonchristiano

Name:   Antonio Bonchristiano
Title:   Legal Representative