SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
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SOLITRON DEVICES INC (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
834256208 (CUSIP Number) |
Christian Olesen 185 Hudson Street, Suite 2539 Jersey City, NJ, 07311 6108666200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
08/18/2025 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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CUSIP No. | 834256208 |
1 |
Name of reporting person
Olesen Value Fund L.P. | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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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)
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6 | Citizenship or place of organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
239,487.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
11.5 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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CUSIP No. | 834256208 |
1 |
Name of reporting person
Olesen Value Fund GP LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
PENNSYLVANIA
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
239,487.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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13 | Percent of class represented by amount in Row (11)
11.5 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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CUSIP No. | 834256208 |
1 |
Name of reporting person
Olesen Christian | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
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3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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6 | Citizenship or place of organization
DENMARK
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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11 | Aggregate amount beneficially owned by each reporting person
239,487.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
![]() | ||||||||
13 | Percent of class represented by amount in Row (11)
11.5 % | ||||||||
14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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Item 1. | Security and Issuer |
(a) | Title of Class of Securities:
Common Stock, par value $0.01 per share |
(b) | Name of Issuer:
SOLITRON DEVICES INC |
(c) | Address of Issuer's Principal Executive Offices:
901 SANSBURYS WAY, 901 SANSBURYS WAY, WEST PALM BEACH,
FLORIDA
, 33411. |
Item 2. | Identity and Background |
(a) | This statement is filed by Olesen Value Fund L.P., Olesen Value Fund GP LLC and Christian Olesen. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons". |
(b) | The principal business address of each of the Reporting Persons is c/o Olesen Capital Management LLC, 185 Hudson Street, Suite 2539, Jersey City, New Jersey 07311. |
(c) | Olesen Value Fund L.P. is primarily engaged in the business of investing in securities and other investments. Olesen Value Fund GP LLC is primarily engaged in the business of serving as the general partner of Olesen Value Fund L.P. Christian Olesen's principal occupation is serving as the managing member of Olesen Value Fund GP LLC and Olesen Capital Management LLC. Olesen Capital Management LLC, whose principal business address is 185 Hudson Street, Suite 2539, Jersey City, NJ 07311, is primarily engaged in the business of serving as the investment manager of Olesen Value Fund L.P. |
(d) | None of the Reporting Persons nor any manager or executive officer of the Reporting Persons, has, during the past five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | None of the Reporting Persons nor any manager or executive officer of the Reporting Persons, has, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting, or mandating activities subject to, federal or state securities laws or a finding of any violation with respect to such laws. |
(f) | Olesen Value Fund L.P. is a limited partnership existing under the laws of the State of Delaware. Olesen Value Fund GP LLC is a limited liability company existing under the laws of the Commonwealth of Pennsylvania. Christian Olesen is a citizen of Denmark. |
Item 3. | Source and Amount of Funds or Other Consideration |
The shares of the Issuer were acquired in open market transactions by Olesen Value Fund L.P., using its general working capital, for an aggregate purchase price of approx. $897,584. The shares are held in margin accounts together with other securities, and such margin accounts may from time to time have debit balances. | |
Item 4. | Purpose of Transaction |
The Common Stock reported in this filing is held for investment purposes. The Reporting Persons are interested in discussing with the Issuer's management, board of directors, and/or with third parties any options relating to shareholder value creation. Depending on the Reporting Persons' ongoing evaluation of general market conditions and general matters related to the Issuer, including the Issuer's financial condition and results, the Reporting Persons may determine whether to hold, increase, or decrease their investment in the Common Stock through open market, privately negotiated, or any other transactions. Depending on their assessment of the forgoing factors, the Reporting Persons may, from time to time, modify their present intentions as stated in this Item 4. | |
Item 5. | Interest in Securities of the Issuer |
(a) | The Reporting Persons may be deemed to beneficially own, in the aggregate, 239,487 shares, representing approximately 11.5% of the Issuer's outstanding Shares (based upon the 2,082,553 shares of common stock, par value $.01 per share, outstanding as of July 11, 2025 computed based on the Form 10-Q filed on July 11, 2025 with the Securities and Exchange Commission). |
(b) | Olesen Value Fund L.P. has sole voting power and sole dispositive power with regard to 239,487 shares. Each of Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen has shared voting power and shared dispositive power with regard to such shares.
Each of Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen, by virtue of their relationships to Olesen Value Fund L.P. (as disclosed in Item 2), may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the shares which Olesen Value Fund L.P. directly beneficially owns. Each of Olesen Value Fund GP LLC, Olesen Capital Management LLC and Christian Olesen disclaims beneficial ownership of such shares for all other purposes. The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the shares reported herein. |
(c) | The following sets forth all transactions with respect to shares effected by the persons named above in paragraph (a) of Item 5 during the last 60 days, all of which were open market transactions entered into by Olesen Value Fund L.P.:
8/8/2025: Sold 1,500 shares at $16.50/share.
8/11/2025: Sold 2,720 shares at $16.21/share.
8/14/2025: Sold 1,500 shares at $16.10/share.
8/15/2025: Sold 4,000 shares at $16.19/share.
8/18/2025: Sold 7,301 shares at $16.34/share. |
(d) | To the best of the Reporting Persons' knowledge, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. |
(e) | Not applicable. |
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
Except as otherwise described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. |
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.
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