SC 13D/A 1 ea162731-13da5grey_enthusia.htm AMENDMENT NO. 5 TO SCHEDULE 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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)

Under the Securities Exchange Act of 1934

 

(Amendment No. 5)*

 

Enthusiast Gaming Holdings Inc.

 

(Name of Issuer)

 

Common Stock, no par value

 

(Title of Class of Securities)

 

29385B109

 

(CUSIP Number)

 

Greywood, LLC

5 Dakota Drive, Suite 210

New Hyde Park, NY 11042

(212) 453-0028

 

(Name, address and telephone number of Person

Authorized to Receive Notices and Communications)

 

July 7, 2022

 

(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 Rule 240.13d-7 for other parties to whom copies are to be sent.

 

*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.

 

This 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).

 

 

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 29385B109   Page 2 of 9

 

1.

NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE PERSON (entities only)

 

Greywood, LLC EIN: 82-3495436 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐
(b)  ☒
3. SEC USE ONLY
 
4. SOURCE OF FUNDS (See Instructions)

 

WC

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
PERSON
WITH
7.

SOLE VOTING POWER

 

0
8. SHARED VOTING POWER

 

12,465,657

9.

SOLE DISPOSITIVE POWER

 

0
10.

SHARED DISPOSITIVE POWER

 

12,465,657

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,465,657
12.

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

 

 
13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.3%

14.

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 29385B109   Page 3 of 9

 

1.

NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE PERSON (entities only)

 

Vantage Trading, LLC EIN: 83-4245275

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐
(b)  ☒
3. SEC USE ONLY
 
4. SOURCE OF FUNDS (See Instructions)

 

WC

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
PERSON
WITH
7.

SOLE VOTING POWER

 

0
8. SHARED VOTING POWER

 

9,776,894

9.

SOLE DISPOSITIVE POWER

 

0
10.

SHARED DISPOSITIVE POWER

 

9,776,894

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

9,776,894

12.

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

 

 
13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.5%

14.

TYPE OF REPORTING PERSON

 

OO

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 29385B109   Page 4 of 9

 

1.

NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE PERSON (entities only)

 

Sasha Szabo

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐
(b)  ☒
3. SEC USE ONLY
 
4. SOURCE OF FUNDS (See Instructions)

 

WC and PF

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
PERSON
WITH
7.

SOLE VOTING POWER

 

 

8. SHARED VOTING POWER

 

12,465,657

9.

SOLE DISPOSITIVE POWER

 

 

10.

SHARED DISPOSITIVE POWER

 

12,465,657

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,465,657

12.

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

 

 
13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.3%
14.

TYPE OF REPORTING PERSON

 

IN

 

 

 

 

SCHEDULE 13D

 

CUSIP NO. 29385B109   Page 5 of 9

 

1.

NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE PERSON (entities only)

 

Marc Preston

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐
(b)  ☒
3. SEC USE ONLY
 
4. SOURCE OF FUNDS (See Instructions)

 

WC and PF

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐

 

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
PERSON
WITH
7.

SOLE VOTING POWER

 

 

8. SHARED VOTING POWER

 

12,465,657

9.

SOLE DISPOSITIVE POWER

 

 

10.

SHARED DISPOSITIVE POWER

 

12,465,657

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12,465,657
12.

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

 

 
13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.3%
14.

TYPE OF REPORTING PERSON

 

IN

 

 

 

CUSIP NO. 29385B109   Page 6 of 9

 

This Statement is filed with respect to the common stock of Enthusiast Gaming Holdings Inc., a British Columbia corporation (the “Issuer”), beneficially owned by the Reporting Persons specified herein as of July 8, 2022. This statement amends and supplements the Schedule 13D filed on November 16, 2021, as amended by Amendment No. 1 filed on January 10, 2022, Amendment No. 2 filed on January 19, 2022, Amendment No. 3 filed on April 26, 2022, and Amendment No.4 filed on May 24, 2022 (“Schedule 13D”), as specifically set forth herein. Except as set forth herein, the Schedule 13D is unmodified.

 

All initially capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

 

Item 4. Purpose of Transaction

 

Item 4 of Schedule 13D is hereby amended and restated as follows:

 

The Reporting Persons have ceased activities to effect election of a majority of directors to the Issuer’s Board of Directors (“Board”) and will vote their shares in accordance with management’s recommendations since the Issuer will increase the size of the Board to ten directors and nominate and appoint to the Board two individuals originally nominated by Greywood Investments. The Reporting Persons may continue to communicate with the Issuer’s Board and management to assist the Issuer in achieving its potential.

 

The Reporting Persons reserve the right to acquire, or cause to be acquired, additional securities of the Issuer, to dispose of, or cause to be disposed, such securities at any time in light of general investment and trading policies of the Reporting Persons, market conditions or other factors.

 

 

 

 

CUSIP NO. 29385B109   Page 7 of 9

 

Item 5. Interest in Common Stock of the Issuer

 

Item 5 of the Schedule 13D is hereby amended and restated as follows:

 

(a)  and (b). At present, based on 149,939,193 shares of Common Stock outstanding as reported in the Issuer’s most recent proxy information circular filing: (i) Greywood, Szabo and Preston own an aggregate of 8.3%, which consists of 9,776,894 shares owned by Vantage, 406,160 shares owned by Axion, 55,000 shares owned by Greywood Investments, 590,574 shares owned by Preston Trading, 550,000 shares owned by Preston Kids, 277,852 shares owned by Madison, 758,447 shares owned by Longview, and 50,730 shares owned by Seaview. Based on the above holdings, Vantage, Axion, Greywood Investments, Preston Trading, Preston Kids, Madison, Longview and Seaview beneficially own 6.5%, 0.3%, 0.04%, 0.4%, 0.4%, 0.2%, 0.5% and 0.03%, respectively. Greywood, Szabo and Preston share voting control and dispositive power over the shares held by Vantage, Axion, Greywood Investments, Preston Kids, Preston Trading, Madison, Longview and Seaview.

 

(c)  The transactions effected by the Reporting Persons during the past sixty (60) days are set forth on Schedule 1 attached hereto.

 

(d) and (e) Not applicable.

 

Item 7. Material to Be Filed as Exhibits

 

Schedule 1  - Transactions of the Reporting Persons Effected During the Past 60 Days

 

 

 

CUSIP NO. 29385B109   Page 8 of 9

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: July 11, 2022 GREYWOOD, LLC
     
  By: /s/ Sasha Szabo
   

Sasha Szabo, Manager

     
Dated: July 11, 2022 VANTAGE TRADING, LLC
     
  By: /s/ Marc Preston
    Marc Preston, Managing Member of the Managing Member
     
Dated: July 11, 2022 /s/ Sasha Szabo
  Sasha Szabo, individually
     
Dated: July 11, 2022 /s/ Marc Preston
  Marc Preston, individually

 

 

 

 

CUSIP NO. 29385B109   Page 9 of 9

 

SCHEDULE 1

 

Transactions of the Reporting Persons Effected
During the Past 60 Days

 

The following transactions were effected by the Reporting Persons during the past sixty (60) days:

 

Date of Transaction   Purchaser/Seller   Amount of
Shares of
Common
Stock
Bought/(Sold)
   
Price per share
(excluding commissions)
  Currency   Where and
how the
transaction
was effected
                       
5/16/2022   Vantage Trading, LLC   (55,000 )   1.86   USD   Private Transaction
5/16/2022   Greywood Investments, LLC   55,000     1.86   USD   Private Transaction