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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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TRANSACT TECHNOLOGIES INC (Name of Issuer) |
Common stock, par value $0.01 per share (Title of Class of Securities) |
(CUSIP Number) |
Jad Fakhry 330 PRIMROSE RD, SUITE 400 BURLINGAME, CA, 94010 650-239-9049 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
07/16/2026 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Poplar Point Capital Management 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)
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| 6 | Citizenship or place of organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,563,752.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
15.22 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IA |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Poplar Point Capital Partners LP | ||||||||
| 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,563,752.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
15.22 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Poplar Point Capital GP 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: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,563,752.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
15.22 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
HC |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Jad Fakhry | ||||||||
| 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
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
1,563,752.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
15.22 % | ||||||||
| 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:
TRANSACT TECHNOLOGIES INC | |
| (c) | Address of Issuer's Principal Executive Offices:
ONE HAMDEN CENTER, 2319 WHITNEY AVENUE, SUITE 3B, HAMDEN,
CONNECTICUT
, 6518. | |
Item 1 Comment:
The securities to which this statement on Schedule 13D (this "Statement") relates are the shares with par value of $0.01 per share for Transact Technologies Inc. The address of the principal executive office of the Issuer is One Hamden Center, 2319 Whitney Avenue, Suite 3B, Hamden, CT, 06518. | ||
| Item 2. | Identity and Background | |
| (a) | (i) Poplar Point Capital Management LLC ("Poplar Point"), is a Delaware corporation, who serves as the investment adviser to Poplar Point Capital Partners LP);
(ii) Poplar Point Capital Partners LP is a Delaware limited partnership;
(iii) Poplar Point Capital GP LLC is a Delaware corporation;
(iv) Jad Fakhry ("Mr. Fakhry") serves as the Mananger for Poplar Point.
Poplar Point, Poplar Point Capital Partners LP, Poplar Point Capital GP LLC, and Mr. Fakhry are referred to collectively as the "Reporting Persons." | |
| (b) | The address of the principal business and principal office of each of the Reporting Persons is:
330 Primrose Road, Suite 400
Burlingame, CA 94010 | |
| (c) | The principal business of each Poplar Point, Poplar Point Capital Partners LP, and Poplar Point Capital GP LLC is investing securities.
The principal occupation of Mr. Fakhry is serving as the Manager of Poplar Point. | |
| (d) | During the past five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). | |
| (e) | During the past five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding such person 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 finding any violation with respect to such laws. | |
| (f) | Poplar Point is a Delaware corporation.
Poplar Point Capital Partners LP is a Delaware limited partnership.
Poplar Point Capital GP LLC is a Delaware corporation.
Mr. Fakhry is a citizen of the United States of America. | |
| Item 3. | Source and Amount of Funds or Other Consideration | |
PPCM directly holds 1,563,752 shares of Common Stock. Consideration for these assets came from working capital of PPCM. | ||
| Item 4. | Purpose of Transaction | |
The Reporting Persons acquired the Shares because they believe the Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons have had, and intend to have, discussions with the Issuer's board of directors and management in connection with the Reporting Persons' investment in the Issuer. The topics that these conversation have covered and will cover a range of issues, including those related to the business of the Issuer, the potential exploration of strategic alternatives for the Issuer's casino and gaming ticket printer business, segmentation of the company's financial reporting, capital allocation, corporate governance and board composition The Reporting Persons may also have similar conversations with other stockholders or other interested parties, such as industry analysts, existing or potential strategic partners or competitors, investment professionals, and other investors.
The Reporting Persons may at any time reconsider and change their intentions relating to the foregoing. The Reporting Persons may also take one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D and may discuss such actions with the Issuer's management and the board of directors, other stockholders of the Issuer, and other interested parties, such as those set out above.
The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer's financial position and strategic direction, the outcome of the discussions and actions referenced above, actions taken by the Issuer's board of directors, price levels of the Issuer's Common Stock, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to its investment position in the Issuer as it deems appropriate, including, without limitation, purchasing additional shares of Common Stock in the open market or otherwise, selling some of or all of the Shares, and/or engaging in hedging or similar transactions with respect to the Common Stock. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | (i) PPCM
1,563,752
15.22%
(ii) PPCP
1,563,752
15.22%
(iii) PPCGP
1,563,752
15.22%
(iv) Jad Fakhry
1,563,752
15.22% | |
| (b) | (i) - Poplar Point Capital Management LLC
Sole Voting Power - 0
Shared Voting Power - 1,563,752
Sole Dispositive Power - 0
Shared Dispositive Power - 1,563,752
(ii) - Poplar Point Capital Partners LP
Sole Voting Power - 0
Shared Voting Power - 1,563,752
Sole Dispositive Power - 0
Shared Dispositive Power - 1,563,752
(iii) - Poplar Point Capital GP LLC
Sole Voting Power - 0
Shared Voting Power - 1,563,752
Sole Dispositive Power - 0
Shared Dispositive Power - 1,563,752
(iv) - Jad Fakhry
Sole Voting Power - 0
Shared Voting Power - 1,563,752
Sole Dispositive Power - 0
Shared Dispositive Power - 1,563,752 | |
| (c) | In the past 60 days, the following transactions were effected by the Reporting Persons, in normal course of business:
5/21/2026 - Purchased 129,126 of shares at a price of $3.73
5/21/2026 - Purchased 171,168 of shares at a price of $3.73
5/22/2026 - Purchased 129,126 of shares at a price of $3.73
5/28/2026 - Purchased 34,404 of shares at a price of $4.35
5/28/2026 - Purchased 45,606 of shares at a price of $4.35
5/28/2026 - Purchased 34,404 of shares at a price of $4.35 | |
| (d) | No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Common Stock covered by this Statement. | |
| (e) | Not Applicable. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Other than as described herein, to the knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships,
legal or otherwise, among the Reporting Persons or between the Reporting Persons and any other persons 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. | ||
| Item 7. | Material to be Filed as Exhibits. | |
N/A | ||
| 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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Comments accompanying signature:
N/A |