Form: SCHEDULE 13D

General Statement of Acquisition of Beneficial Ownership

May 28, 2026






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. Checkbox not checked

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 (“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).




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SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D




Comment for Type of Reporting Person:
American Ventures LLC, Series VII USDAE, directly owns 8,450 Series D Convertible Preferred Stock, convertible into 8,450,000 shares of the Issuer's common stock. American Ventures LLC, Series XLVI DTCX directly owns 4,075,000 pre-funded warrants, exercisable into 4,075,000 shares of the Issuer's common stock. Dominari Securities LLC directly owns 102,674 warrants, exercisable into 102,674 shares of the Issuer's common stock. The Series D Convertible Preferred Stock has no voting rights. Further, the Series D Convertible Preferred Stock, the pre-funded warrants and the warrants each contain provisions that prohibit conversion or exercise to the extent that, after giving effect to such conversion or exercise, that holder and its affiliates would beneficially own more than 4.99% of the Issuer's outstanding common stock as calculated in accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Beneficial Ownership Limitation"). Accordingly, the shares reported in Rows 8, 10, and 11 represent the maximum number of shares that may be beneficially owned without violating such limitation. The Reporting Persons currently do not beneficially own any shares of the Issuer's common stock for purposes of Rule 13d-3. Accordingly, each Reporting Person disclaims beneficial ownership of any shares of common stock issuable upon conversion or exercise of the securities described herein to the extent that such conversion or exercise would cause such Reporting Person to exceed the Beneficial Ownership Limitation. The percent of class represented by the amount in Row 13 is based on 38,873,626 shares of the Issuer's common stock issued and outstanding as of May 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2026, plus 12,627,674 shares of common stock, which is the maximum number of shares of common stock that may be acquired by the Reporting Persons upon conversion or exercise of their securities without exceeding the Beneficial Ownership Limitation.


SCHEDULE 13D


 
American Ventures LLC, Series VII USDAE
 
Signature:/s/ Eric Newman
Name/Title:Eric Newman/Manager of American Ventures Management LLC, Manager of American Ventures LLC, Series VII USDAE
Date:05/28/2026
 
American Ventures LLC, Series XLVI DTCX
 
Signature:/s/ Eric Newman
Name/Title:Eric Newman/Manager of American Ventures Management LLC, Manager of American Ventures LLC, Series XLVI DTCX
Date:05/28/2026
 
American Ventures Management LLC
 
Signature:/s/ Eric Newman
Name/Title:Eric Newman/Manager
Date:05/28/2026
 
American Ventures IM LLC
 
Signature:/s/ Eric Newman
Name/Title:Eric Newman/Manager
Date:05/28/2026
 
Dominari Securities LLC
 
Signature:/s/ Kyle Michael Wool
Name/Title:Kyle Michael Wool/CEO
Date:05/28/2026
 
Dominari Holdings Inc.
 
Signature:/s/ Anthony Hayes
Name/Title:Anthony Hayes/CEO
Date:05/28/2026
 
Eric Newman
 
Signature:/s/ Eric Newman
Name/Title:Eric Newman/Self
Date:05/28/2026
 
Kyle Michael Wool
 
Signature:/s/ Kyle Michael Wool
Name/Title:Kyle Michael Wool/Self
Date:05/28/2026
 
Anthony Hayes
 
Signature:/s/ Anthony Hayes
Name/Title:Anthony Hayes/Self
Date:05/28/2026