Filing Details

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

Under the Securities and Exchange Act of 1934

 

(Amendment No. 3)*

 

RadNet, Inc.

(Name of Issuer)

 

Common Stock, $.0001 Par Value Per Share

(Title of Class of Securities)

 

750491 10 2

(CUSIP Number)

 

JB Capital Partners LP

5 Evan Place

Armonk, NY 10504

(646) 442-6701

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

July 30, 2021

(Date of Event Which Requires Filing of this Statement)

 

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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 13d-7 for other parties to whom copies are to be sent.

 

(Page 1 of 6 pages)

 

*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).

 

 

 

Schedule 13D

 

CUSIP No. 750491 10 2

Page 2 of 6 Pages

 

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JB Capital Partners LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☒
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)	☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER -0-
	8	SHARED VOTING POWER 2,117,095
	9	SOLE DISPOSITIVE POWER -0-
	10	SHARED DISPOSITIVE POWER 2,117,095

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,117,095
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.02%
14	TYPE OF REPORTING PERSON PN

 

 

Schedule 13D

 

CUSIP No. 750491 10 2

Page 3 of 6 Pages

 

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Alan Weber
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a) ☐ (b) ☒
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS) AF, PF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)	☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 492,350
	8	SHARED VOTING POWER 2,117,095
	9	SOLE DISPOSITIVE POWER 492,350
	10	SHARED DISPOSITIVE POWER 2,117,095

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,609,455
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.95%
14	TYPE OF REPORTING PERSON IN, HC

 

 

Schedule 13D

 

CUSIP No. 750491 10 2

Page 4 of 6 Pages

 

This Statement of Beneficial Ownership on Schedule 13D Amendment No. 3 (this “Amendment No. 3”) is filed on behalf of the Reporting Persons with the Securities and Exchange Commission (the “Commission”). This Amendment No. 3 amends the Initial Statement of Beneficial Ownership on Schedule 13D (the “Initial Statement”) relating to the Common Stock, $0.0001 par value (the “Common Stock”), of Radnet, Inc. (the “Issuer”), filed on January 28, 2013 with the Commission, as amended by Amendment No. 1 thereto, filed with the Commission on June 4, 2013, as amended by Amendment No. 2 thereto, filed with the Commission on June 5, 2015, as specifically set forth herein (as so amended, the “Amended Statement”). Capitalized terms used herein and not otherwise defined herein shall have the same meanings ascribed to them in the Amended Statement.

 

Item 3.

Source and Amount of Funds or Other Consideration

 

Item 3 of the Amended Statement is hereby amended and restated to read as follows:

 

The aggregate purchase price of the 2,609,445 shares of Common Stock beneficially held by JB Capital and Mr. Weber is $9,400,000.00 (including brokerage fees and expenses). All of the shares of Common Stock beneficially held by JB Capital and Mr. Weber were paid for using working capital and personal funds, respectively.

 

Item 5.

Interest in Securities of the Issuer

 

Item 5 of the Amended Statement is hereby amended and restated to read as follows:

 

(a)-(b) As of August 3, 2021, the aggregate number of shares of Common Stock and percentage of the outstanding Common Stock of the Issuer beneficially owned (i) by each of the Reporting Persons, and (ii) to the knowledge of the Reporting Persons, by each other person who may be deemed to be a member of a group, is as follows:

 

						Number of
						Common				Number of
						Stock: Sole				Common Stock
		Aggregate Number				Power to Vote				Shared Power to				Approximate
Reporting Person		of Common Stock				or Dispose				Vote or Dispose				Percentage*
Weber (1)(2)			2,609,445				492,350	(3)			2,117,095				4.95	%
JB Capital (1)(2)			2,117,095				0				2,117,095				4.02	%

 

*

Based on 52,700,039 shares of Common Stock, $0.0001 par value, outstanding as of May 6, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, for quarter ended March 31, 2021, filed with the Securities and Exchange Commission on May 10, 2021.

 

(1)

Each of the Reporting Persons disclaims beneficial ownership of the securities beneficially held by the other Reporting Person except to the extent of such Reporting Person’s pecuniary interest therein, if any.

 

(2)

Mr. Weber shares with JB Capital the power to vote or direct the vote, and shares the power to dispose or to direct the disposition, of 2,117,095 shares of Common Stock owned by JB Capital.

 

(3)

Includes shares held by Mr. Weber’s spouse.

 

(c)

The table set forth on Schedule A attached hereto lists all the transactions in the Issuer’s Common Stock in the past sixty days by the Reporting Persons. All such transactions were made in the open market.

 

(d)

No person other than the Reporting Persons 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 shares of Common Stock.

 

(e)

The Reporting Persons ceased to be beneficial owner of more than five percent of the class of securities on July 30, 2021.

 

(The remainder of this page was intentionally left blank)

 

 

Schedule 13D

 

CUSIP No. 750491 10 2

Page 5 of 6 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date:	August 3, 2021
			JB Capital Partners, LP
	/s/ Alan Weber		By:	/s/ Alan Weber
	Alan Weber			Name: Alan Weber
				Title: General Partner

 

 

Schedule 13D

 

CUSIP No. 750491 10 2

Page 6 of 6 Pages

 

Schedule A

 

Transactions in Shares Within the Past Sixty Days

 

Date of Purchase/Sale		Number of Shares of Common Stock				Buy/Sell		Price Per Share
06/11/2021			28,800			Sell		$	31.363
06/14/2021			21,200			Sell		$	31.4123
06/15/2021			80,000			Sell		$	32.4212
07/09/2021			20,000			Sell		$	34.7138
07/15/2021			40,000			Sell		$	32.7058
07/16/2021			10,042			Sell		$	33.2509
07/20/2021			19,958			Sell		$	33.1227
07/23/2021			23,241			Sell		$	34.7914
07/26/2021			6,759			Sell		$	34.8811
07/28/2021			15,000			Sell		$	34.652
07/29/2021			15,000			Sell		$	34.7983
07/30/2021			36,116			Sell		$	36.7554