0001193125-16-783866.txt : 20161202 0001193125-16-783866.hdr.sgml : 20161202 20161202160555 ACCESSION NUMBER: 0001193125-16-783866 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161202 DATE AS OF CHANGE: 20161202 GROUP MEMBERS: BRETT HENDRICKSON GROUP MEMBERS: NOKOMIS CAPITAL ADVISORS, L.P. GROUP MEMBERS: NOKOMIS CAPITAL MASTER FUND, L.P. GROUP MEMBERS: NOKOMIS CAPITAL OFFSHORE FUND, LTD. GROUP MEMBERS: NOKOMIS CAPITAL PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Telenav, Inc. CENTRAL INDEX KEY: 0001474439 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 770521800 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85953 FILM NUMBER: 162031210 BUSINESS ADDRESS: STREET 1: 4655 GREAT AMERICA PARKWAY STREET 2: SUITE 300 CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: (408) 245-3800 MAIL ADDRESS: STREET 1: 4655 GREAT AMERICA PARKWAY STREET 2: SUITE 300 CITY: SANTA CLARA STATE: CA ZIP: 95054 FORMER COMPANY: FORMER CONFORMED NAME: TeleNav, Inc. DATE OF NAME CHANGE: 20100415 FORMER COMPANY: FORMER CONFORMED NAME: TNAV Holdings, Inc. DATE OF NAME CHANGE: 20091014 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Nokomis Capital, L.L.C. CENTRAL INDEX KEY: 0001541055 IRS NUMBER: 261322387 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2305 CEDAR SPRINGS ROAD STREET 2: SUITE 420 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 972.590.4100 MAIL ADDRESS: STREET 1: 2305 CEDAR SPRINGS ROAD STREET 2: SUITE 420 CITY: DALLAS STATE: TX ZIP: 75201 SC 13D/A 1 d308009dsc13da.htm SC 13D/A SC 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

(Amendment No. 2)1

 

 

Telenav, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

879455103

(CUSIP Number)

BRETT HENDRICKSON

NOKOMIS CAPITAL, L.L.C.

2305 Cedar Springs Road, Suite 420

Dallas, Texas 75201

(972) 590-4100

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 1, 2016

(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent.

 

 

(Continued on following pages)

 

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 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).

 

 

 


  1   

NAME OF REPORTING PERSONS

 

NOKOMIS CAPITAL MASTER FUND, L.P.*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

WC

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

CAYMAN ISLANDS

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

4,495,746

     8   

SHARED VOTING POWER

 

- 0 -

     9   

SOLE DISPOSITIVE POWER

 

4,495,746

   10   

SHARED DISPOSITIVE POWER

 

- 0 -

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

PN

 

*  See Item 5.


  1   

NAME OF REPORTING PERSONS

 

NOKOMIS CAPITAL PARTNERS, L.P.*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

TEXAS

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

- 0 -

     8   

SHARED VOTING POWER

 

4,495,746

     9   

SOLE DISPOSITIVE POWER

 

- 0 -

   10   

SHARED DISPOSITIVE POWER

 

4,495,746

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

PN

 

*  See Item 5.


  1   

NAME OF REPORTING PERSONS

 

NOKOMIS CAPITAL OFFSHORE FUND, LTD.*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

CAYMAN ISLANDS

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

- 0 -

     8   

SHARED VOTING POWER

 

4,495,746

     9   

SOLE DISPOSITIVE POWER

 

- 0 -

   10   

SHARED DISPOSITIVE POWER

 

4,495,746

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

CO

 

*  See Item 5.


  1   

NAME OF REPORTING PERSONS

 

NOKOMIS CAPITAL ADVISORS, L.P.*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

TEXAS

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

- 0 -

     8   

SHARED VOTING POWER

 

4,495,746

     9   

SOLE DISPOSITIVE POWER

 

- 0 -

   10   

SHARED DISPOSITIVE POWER

 

4,495,746

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

PN

 

*  See Item 5.


  1   

NAME OF REPORTING PERSONS

 

NOKOMIS CAPITAL, L.L.C.*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

TEXAS

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

- 0 -

     8   

SHARED VOTING POWER

 

4,495,746

     9   

SOLE DISPOSITIVE POWER

 

- 0 -

   10   

SHARED DISPOSITIVE POWER

 

4,495,746

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

IA, OO

 

*  See Item 5.


  1   

NAME OF REPORTING PERSONS

 

BRETT HENDRICKSON*

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ☐        (b)  ☐

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  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

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7    

SOLE VOTING POWER

 

- 0 -

     8   

SHARED VOTING POWER

 

4,495,746

     9   

SOLE DISPOSITIVE POWER

 

- 0 -

   10   

SHARED DISPOSITIVE POWER

 

4,495,746

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

4,495,746

12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.4%

14  

TYPE OF REPORTING PERSON

 

IN

 

*  See Item 5.


The following constitutes Amendment No. 2 to the the Schedule 13D filed by the undersigned (“Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.

Item 3. Source and Amount of Funds or Other Consideration.

The Shares owned by Nokomis Master were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 4,495,746 Shares owned by Nokomis Master is approximately $28,304,576.80, including brokerage commissions.

Item 5. Interest in Securities of the Issuer.

(a) The aggregate percentage of Shares reported owned by each person named herein is based upon 43,139,415 Shares outstanding as of September 30, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 7, 2016.

As of the close of business on December 1, 2016, Nokomis Master beneficially owned 4,495,746 Shares, constituting approximately 10.4% of the Shares outstanding. Each of Nokomis Partners and Nokomis Offshore, as feeder funds of Nokomis Master, may be deemed to beneficially own the 4,495,746 Shares owned by Nokomis Master, constituting approximately 10.4% of the Shares outstanding. Nokomis Advisors, as the general partner of Nokomis Master, may be deemed to beneficially own the 4,495,746 Shares owned by Nokomis Master, constituting approximately 10.4% of the Shares outstanding. Nokomis Capital, as the investment manager of Nokomis Master, may be deemed to beneficially own the 4,495,746 Shares owned by Nokomis Master, constituting approximately 10.4% of the Shares outstanding. Mr. Hendrickson, as the manager of Nokomis Capital, may be deemed to beneficially own the 4,495,746 Shares owned by Nokomis Master, constituting approximately 10.4% of the Shares outstanding.

Each Reporting Person, as a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Each of the Funds and Nokomis Advisors disclaim beneficial ownership of the securities that they hold due to the fact that they have fully delegated investment and voting discretion to Nokomis Capital and cannot rescind such delegation within the timeframe contemplated by Rule 13(d)-3.

(b) By virtue of their respective positions with Nokomis Master, each of Nokomis Partners, Nokomis Offshore, Nokomis Advisors, Nokomis Capital and Mr. Hendrickson may be deemed to have shared power to vote and dispose of the Shares reported owned by Nokomis Master.

(c) Annex A attached hereto lists all transactions in the Common Stock during the past sixty (60) days by the Reporting Persons. The transactions in the Common Stock were effected in the open market.

(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e) Not applicable.


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: December 2, 2016     NOKOMIS CAPITAL MASTER FUND, L.P.
    By:  

Nokomis Capital Advisors, L.P.

General Partner

    By:  

Nokomis Capital, L.L.C.

General Partner

    By:  

/s/ Brett Hendrickson

    Name:   Brett Hendrickson
    Title:   Manager
    NOKOMIS CAPITAL PARTNERS, L.P.
    By:  

Nokomis Capital Advisors, L.P.

General Partner

    By:  

Nokomis Capital, L.L.C.

General Partner

    By:  

/s/ Brett Hendrickson

    Name:   Brett Hendrickson
    Title:   Manager
    NOKOMIS CAPITAL OFFSHORE FUND, LTD.
    By:  

/s/ Brett Hendrickson

    Name:   Brett Hendrickson
    Title:   Director
    NOKOMIS CAPITAL ADVISORS, L.P.
    By:  

Nokomis Capital, L.L.C.

General Partner

    By:  

/s/ Brett Hendrickson

    Name:   Brett Hendrickson
    Title:   Manager


    NOKOMIS CAPITAL, L.L.C.
    By:  

/s/ Brett Hendrickson

    Name:   Brett Hendrickson
    Title:   Manager
   

/s/ Brett Hendrickson

    BRETT HENDRICKSON


Annex A

 

Transaction Date    Shares Bought/(Sold)      Price  

11/7/2016

     15907       $ 4.9896   

11/8/2016

     66718       $ 5.0536   

11/9/2016

     58332       $ 5.1801   

11/10/2016

     44123       $ 5.2942   

11/11/2016

     78       $ 5.4000   

11/29/2016

     232       $ 5.9931   

11/29/2016

     198100       $ 5.8500   

11/30/2016

     67448       $ 6.0000   

12/1/2016

     36,072       $ 6.0000