MINM Minim Inc (PK)

This Amendment No. 1 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 1”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on May 27, 2020 (the “Schedule 13D” or this “Statement”). Capitalized terms used but not defined in this Amendment No. 1 shall have the meanings set forth in the Schedule 13D. Except as amended and supplemented by this Amendment No. 1, the Schedule 13D remains unchanged.

This Amendment No. 1 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons as the Reporting Persons beneficially own less than five percent of the shares of Common Stock.

This Statement relates to the common stock, $0.01 par value per share (the “Common Stock”), of Minim, Inc. (f/k/a Zoom Telephonics, Inc.), a Delaware corporation (the “Company”). The Company reports that its principal executive offices are located at 848 Elm Street, Manchester, New Hampshire 03101.

(a) The Reporting Persons beneficially own in the aggregate 1,253,926 shares of Common Stock, which represents approximately 2.7% of the Company’s outstanding shares of Common Stock. Mr. Horowitz also holds options to purchase an aggregate of 22,500 shares of Common Stock, all of which are fully exercisable and were granted to him as part of his director compensation. Such options include (i) options to purchase 15,000 shares of Common Stock at an exercise price of $2.03 per share, which were granted on July 9, 2020 and expire on July 9, 2023, and (ii) options to purchase 7,500 shares of Common Stock at an exercise price of $2.04 per share, which were granted on July 13, 2020 and expire on July 13, 2023.

Each percentage ownership of shares of Common Stock set forth in this Statement is based on the 45,631,239 shares of Common Stock reported by the Company as outstanding following its public offering of 10,000,000 shares in its 424(b)(4) Prospectus (File No. 333-257656) dated July 29, 2021, filed with the Securities and Exchange Commission on July 29, 2021.

(c) On July 29, 2021, Palm Global purchased 40,000 shares of Common Stock in the Company’s underwritten public offering at a price per share of $2.50, for an aggregate purchase price of $100,000. Other than this purchase, no transactions have been effected by the Reporting Persons in the Common Stock during the past 60 days.

(e) The Reporting Persons beneficially own less than five percent of the shares of Common Stock.

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct.

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Statement on Schedule 13D with respect to the Common Stock of the Company.

Dated: August 2, 2021