0001193125-22-212867.txt : 20220805 0001193125-22-212867.hdr.sgml : 20220805 20220804214654 ACCESSION NUMBER: 0001193125-22-212867 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220805 DATE AS OF CHANGE: 20220804 GROUP MEMBERS: MICHAEL DOAK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINGSTONE COMPANIES, INC. CENTRAL INDEX KEY: 0000033992 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 362476480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12743 FILM NUMBER: 221138398 BUSINESS ADDRESS: STREET 1: 15 JOYS LANE CITY: KINGSTON STATE: NY ZIP: 12401 BUSINESS PHONE: 516 374-7600 MAIL ADDRESS: STREET 1: 15 JOYS LANE CITY: KINGSTON STATE: NY ZIP: 12401 FORMER COMPANY: FORMER CONFORMED NAME: DCAP GROUP INC DATE OF NAME CHANGE: 20050210 FORMER COMPANY: FORMER CONFORMED NAME: DCAP GROUP INC/ DATE OF NAME CHANGE: 19990702 FORMER COMPANY: FORMER CONFORMED NAME: EXTECH CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Griffin Highline Capital LLC CENTRAL INDEX KEY: 0001835304 IRS NUMBER: 851655697 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4514 COLE AVENUE CITY: DALLAS STATE: TX ZIP: 75205 BUSINESS PHONE: 917-508-5887 MAIL ADDRESS: STREET 1: 4514 COLE AVENUE CITY: DALLAS STATE: TX ZIP: 75205 SC 13D/A 1 d406078dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

KINGSTONE COMPANIES, INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

496719105

(CUSIP Number)

Michael Doak

c/o Griffin Highline Capital LLC

4514 Cole Avenue, Suite 1650

Dallas, Texas 75205

(917) 508-5887

with a copy to:

Sean M. Ewen, Esq.

Willkie Farr & Gallagher, LLP

787 Seventh Avenue

New York, New York 10019

(212) 728-8000

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

August 2, 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 §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.

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, as amended (“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. 59560V109

 

  1.    

  Names of Reporting Persons

 

  Griffin Highline Capital LLC

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  WC

  5.  

  Check 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

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  595,238

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  595,238

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  595,238

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  5.6%*

14.  

  Type of Reporting Person (See Instructions)

 

  OO

 

*

Calculated based on 10,645,098 shares of Common Stock of the Issuer outstanding as of May 16, 2022, as disclosed in the Issuer’s Annual Report on Form 10-Q for the fiscal quarter ended March 31, 2022, that was filed by the Issuer with the Securities and Exchange Commission on May 16, 2022.


CUSIP No. 59560V109

 

  1.    

  Names of Reporting Persons

 

  Michael Doak

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  AF

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  0

     8.   

  Shared Voting Power

 

  595,238

     9.   

  Sole Dispositive Power

 

  0

   10.   

  Shared Dispositive Power

 

  595,238

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  595,238

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  5.6%*

14.  

  Type of Reporting Person (See Instructions)

 

  HC; IN

 

*

Calculated based on 10,645,098 shares of Common Stock of the Issuer outstanding as of May 16, 2022, as disclosed in the Issuer’s Annual Report on Form 10-Q for the fiscal quarter ended March 31, 2022, that was filed by the Issuer with the Securities and Exchange Commission on May 16, 2022.


Item 1. Security and Issuer

This statement on Schedule 13D (this “Schedule 13D”) relates to Common Stock, $0.01 par value per share (the “Common Stock”), of Kingstone Companies, Inc., a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is located at 15 Joys Lane, Kingston, NY 12401.

The initial Schedule 13D filed on February 11, 2021, as amended by Amendment No. 1 filed on January 18, 2022, and as amended by Amendment No. 2 filed on May 4, 2022, is hereby amended and supplemented by the Reporting Persons as set forth below in this Amendment No. 3.

Item 4. Purpose of Transaction

Item 4 is hereby supplemented as follows:

As previously reported, on May 4, 2022, GHC submitted a preliminary non-binding indication of interest to the Board of Directors of the Issuer proposing a transaction whereby an entity formed by GHC would acquire all of the outstanding equity of the Issuer, after taking into account the “rollover” of the shares held by the Reporting Persons. Since that time, GHC has conducted due diligence regarding and in collaboration with the Company subject to the Confidentiality Agreement previously filed as Exhibit 99.3 to this Schedule 13D. On August 2, 2022, following substantial completion of its due diligence and after discussions with the Company, GHC submitted a final non-binding indication of interest to the Board of Directors of the Issuer proposing a transaction whereby an entity formed by GHC would acquire all of the outstanding equity of the Issuer, after taking into account the “rollover” of the shares held by the Reporting Persons, on the terms, conditions and assumptions described therein. The purchase price for the proposed transaction would be funded with fully committed equity and assumes the refinancing of the issuer’s third party debt on agreed upon terms. Following delivery of the non-binding proposal, the issuer agreed to extend the period of exclusivity with GHC under its previously executed exclusivity agreement for a limited time period to further pursue the proposal. No assurances can be given that a transaction will be consummated and the parties reserve the right to withdraw the proposal at any time. The transaction may result in one or more of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, the acquisition of additional securities of the Issuer, a merger or other extraordinary transaction involving the Issuer, the delisting of Common Stock from the Nasdaq Stock Market and the Common Stock becoming eligible for termination of registration pursuant to Section 12(g) of the Act.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: August 4, 2022

GRIFFIN HIGHLINE CAPITAL LLC
By:  

/s/ Michael Doak

Name:   Michael Doak
Title:   Manager
MICHAEL DOAK
By:  

/s/ Michael Doak

Name:   Michael Doak