Filing Details

Accession Number:
0001213900-23-100202
Form Type:
13G Filing
Publication Date:
2024-01-01 19:00:00
Filed By:
Exploration Capital, Llc
Company:
Safeguard Scientifics Inc (NYSE:SFE)
Filing Date:
2024-01-02
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Exploration Capital 852,460 852,460 852,460 5.1%
Stephen L. Gustin 852,460 852,460 852,460 5.1%
Filing
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. N/A)*

 

Safeguard Scientifics, Inc.
(Name of Issuer)

 

Common Stock, par value $0.10
(Title of Class of Securities)

 

786449207
(CUSIP Number)

 

December 19, 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)

 

Rule 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).

 

 

 

 

 

 

CUSIP No.         786449207        
(1)

Name of Reporting Person

 

Exploration Capital, LLC

(2) Check the Appropriate Box if a Member of a Group
  (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

 

None 

(6)

Shared Voting Power

 

852,460

(7)

Sole Dispositive Power

 

None 

(8)

Shared Dispositive Power

 

852,460

(9)

Aggregate Amount Beneficially Owned by Each Reporting Person

 

852,460

(10)

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable.

(11)

Percent of Class Represented by Amount in Row (9)

 

5.1%

(12)

Type of Reporting Person

 

OO

 

2

 

 

CUSIP No.         786449207        
(1)

Name of Reporting Person

 

Stephen L. Gustin

(2) Check the Appropriate Box if a Member of a Group
  (a) ☐
  (b) ☐
(3)

SEC Use Only

 

(4)

Citizenship or Place of Organization

 

United States

Number of
shares
beneficially
owned by
each
reporting
person with:
(5)

Sole Voting Power

 

None 

(6)

Shared Voting Power

 

852,460

(7)

Sole Dispositive Power

 

None 

(8)

Shared Dispositive Power

 

852,460

(9)

Aggregate Amount Beneficially Owned by Each Reporting Person

 

852,460

(10)

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable.

(11)

Percent of Class Represented by Amount in Row (9)

 

5.1%

(12)

Type of Reporting Person

 

IN

 

3

 

 

ITEM 1(A) NAME OF ISSUER:

 

Safeguard Scientifics, Inc.

 

ITEM 1(B) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

150 N. Radnor Chester Road, Suite F-200

Radnor, PA 19087

 

ITEM 2 (A) NAME OF PERSON FILING:

 

Exploration Capital, LLC

Stephen L. Gustin

 

ITEM 2 (B) ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 

250 East 200 South, Floor 16

Salt Lake City, UT 84111

 

ITEM 2 (C) CITIZENSHIP:

 

Exploration Capital, LLC – Delaware

Stephen L. Gustin – United States

 

ITEM 2 (D) TITLE OF CLASS OF SECURITIES:

 

Common Stock, $0.10 par value per share (“Common Stock”).

 

ITEM 2 (E) CUSIP Number:

 

786449207

 

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:

 

This statement is filed pursuant to Rule 13d-1(c).

 

ITEM 4. OWNERSHIP

 

See the Cover Pages for each Reporting Person.

 

ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS

 

Not Applicable.

 

ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON

 

Not Applicable.

 

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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON

 

Not Applicable.

 

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not Applicable.

 

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

 

Not Applicable.

 

ITEM 10. CERTIFICATIONS

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

 

5

 

 

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: 12/29/2023
 

 

Exploration Capital, LLC 

 

  Signature. /s/ Stephen L. Gustin
   

Stephen L. Gustin

Managing Partner 

 

 

Stephen L. Gustin 

 

  Signature.  /s/ Stephen L. Gustin
    Stephen L. Gustin 

 

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