UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Wilhelmina International, Inc.

(Name of Issuer)

 

Common Stock, $0.01 par value per share

(Title of Class of Securities)

 

968235200

(CUSIP Number)

 

December 29, 2023

(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)

 

xRule 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). 

 

 

 Page 1 of 10 

 

 

CUSIP No. 968235200

 

1.Names of Reporting Persons

 

Impact Prosperity Partners, LLC1

 

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

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH:

5.  SOLE VOTING POWER 0
6.  SHARED VOTING POWER 0
7.  SOLE DISPOSITIVE POWER        0
8.  SHARED DISPOSITIVE POWER 0

9.Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11.Percent of Class Represented by Amount in Row (9)

 

0.0%

 

12.Type of Reporting Person (See Instructions)

 

OO

 

 

1 Impact Prosperity Partners, LLC held the securities reported on the original 13G filed on January 30, 2024 for the benefit of certain holders of rights as lenders under certain secured notes.

 

 Page 2 of 10 

 

CUSIP No. 968235200

 

1.Names of Reporting Persons

 

Impact Services, LLC

 

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

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON WITH:

5.  SOLE VOTING POWER 0
6.  SHARED VOTING POWER 0
7.  SOLE DISPOSITIVE POWER        0
8.  SHARED DISPOSITIVE POWER 0

9.Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11.Percent of Class Represented by Amount in Row (9)

 

0.0%

 

12.Type of Reporting Person (See Instructions)

 

OO

 

 Page 3 of 10 

 

CUSIP No. 968235200

 

1.Names of Reporting Persons

 

ADS Manager, LLC

 

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

 

Delaware

 

NUMBER

OF SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH:

5.  SOLE VOTING POWER 0
6.  SHARED VOTING POWER 0
7.  SOLE DISPOSITIVE POWER        0
8.  SHARED DISPOSITIVE POWER 0

9.Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11.Percent of Class Represented by Amount in Row (9)

 

0.0%

 

12.Type of Reporting Person (See Instructions)

 

OO

 

 Page 4 of 10 

 

CUSIP No. 968235200

 

1.Names of Reporting Persons

 

Rajesh Gupta

 

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

 

United States of America

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH:

5.  SOLE VOTING POWER  0
6.  SHARED VOTING POWER 0
7.  SOLE DISPOSITIVE POWER        0
8.  SHARED DISPOSITIVE POWER 0

 

9.Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11.Percent of Class Represented by Amount in Row (9)

 

0.0%

 

12.Type of Reporting Person (See Instructions)

 

IN

 

 Page 5 of 10 

 

CUSIP No. 968235200

 

1.Names of Reporting Persons

 

Anna Simpson

 

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

 

United States of America

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING PERSON

WITH:

5.  SOLE VOTING POWER  0
6.  SHARED VOTING POWER 0
7.  SOLE DISPOSITIVE POWER        0
8.  SHARED DISPOSITIVE POWER 0

9.Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

 

10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

 

11.Percent of Class Represented by Amount in Row (9)

 

0.0%

 

12.Type of Reporting Person (See Instructions)

 

IN

 

 Page 6 of 10 

 

  

EXPLANATORY NOTE

 

On December 29, 2023, Impact Prosperity Partners, LLC (“IPP”), for the benefit of certain holders of rights as lenders under certain secured notes (the “Lenders”) (IPP, in such capacity, the “Record Owner”), acquired the securities (the “Securities”) reported on the original 13G filed on January 30, 2024 (the “Original 13G”). Immediately after the acquisition of the Securities, the Record Owner transferred the Securities to its affiliate Omni Retail Enterprises LLC, for the benefit of the Lenders.

 

Item 1.

 

(a)The name of the issuer is Wilhelmina International, Inc. (the “Issuer”).

 

(b)The principal executive offices of the Issuer are located at 5420 Lyndon B Johnson Freeway, Box #25, Dallas TX 75240.

 

Item 2.

 

(a)This Schedule 13G/A1 is filed by the following (the “Reporting Persons”): (1) Impact Prosperity Partners, LLC (“IPP”), for the benefit of certain holders of rights as lenders under certain secured notes (in such capacity, the “Record Owner”); (2) Impact Services, LLC (“IPS”); (3) ADS Manager, LLC (“ADS”); (4) Mr. Rajesh Gupta (“Mr. Gupta”); and (5) Ms. Anna Simpson (“Ms. Simpson”). IPS and ADS are the managing members of IPP. Mr. Gupta is the manager and a member of IPS. Ms. Simpson is the sole member of ADS. The Record Owner directly beneficially owned the Securities reported in the Original 13G. IPS, ADS, Mr. Gupta and Ms. Simpson may be deemed to have beneficially owned the Securities that had been directly beneficially owned by the Record Owner. Each Reporting Person disclaims beneficial ownership with respect to any Common Stock other than the Common Stock directly beneficially owned by such Reporting Person.

 

(b)The principal business office of the Reporting Persons is 424 Fort Hill Drive, Suite 144, Naperville, IL 60540.

 

(c)For citizenship information see Item 4 of the cover page of each Reporting Person.

 

(d)This statement relates to the Common Stock, $0.01 par value per share, of the Issuer (the “Common Stock”).

 

(e)The CUSIP Number of the Common Stock is 968235200.

 

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:

 

(a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 Page 7 of 10 

 

 

(c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) ¨ An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f) ¨ An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
(g) ¨ A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
(h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:______________________ 

 

Item 4. Ownership.

 

See Items 5-9 and 11 on the cover page for each Reporting Person, and Item 2, which information is given as of the close of business on the Event Date.

 

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 person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

See Item 2.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

 Page 8 of 10 

 

 

Item 10. Certification.

 

(a)Not applicable.

 

(b)Not applicable.

 

(c)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.

  

 

 Page 9 of 10 

 

  

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.

 

Dated: March 28, 2024

 

Impact Prosperity Partners, LLC

Impact Services, LLC

 

By:  /s/ Rajesh Gupta  

Name: Rajesh Gupta

Title: Authorized Signatory

 

ADS Manager, LLC

 

By:  /s/ Anna Simpson  

Name: Anna Simpson

Title: Authorized Signatory

 

 

/s/ Rajesh Gupta  

Rajesh Gupta

 

 

/s/ Anna Simpson  

Anna Simpson

  

 Page 10 of 10