SC 13G/A 1 hson_13gv3.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Hudson Global, Inc.

(Name of Issuer)

Common Stock, par value $0.001

(Title of Class of Securities)

443787205

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	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. 443787205

13G/A

Page 1 of 8 Pages

NAME OF REPORTING PERSONS

Crawford Capital Partners, LP

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(see instructions)

(a) o

(b) o

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

SOLE VOTING POWER

SHARED VOTING POWER

133,204

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

133,204

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

133,204

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(SEE INSTRUCTIONS)

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.9% (See Note 1)

12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

(1)

Based on 2,684,971 outstanding shares of Common Stock (as defined below) as of October 21, 2020, as represented by the Issuer in the Form 10-Q filed with the Securities and Exchange Commission on November 5, 2020.

CUSIP No. 443787205

13G/A

Page 2 of 8 Pages

NAME OF REPORTING PERSONS

Crawford Fund Management, LLC

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(see instructions)

(a) o

(b) o

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

SOLE VOTING POWER

SHARED VOTING POWER

133,204

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

133,204

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

133,204

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(SEE INSTRUCTIONS)

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.9% (See Note 2)

12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA, OO, HC

(2) See Note (1) Above

CUSIP No. 443787205

13G/A

Page 3 of 8 Pages

NAME OF REPORTING PERSONS

Christopher Crawford

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(see instructions)

(a) o

(b) o

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

SOLE VOTING POWER

SHARED VOTING POWER

133,204

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

133,204

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

133,204

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

(SEE INSTRUCTIONS)

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.9% (See Note 3)

12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN, HC

(3) See Note (1) Above

CUSIP No. 443787205

13G/A

Page 4 of 8 Pages

AMENDMENT NO. 1 TO SCHEDULE 13G

Reference is hereby made to the statement on Schedule 13G filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Stock of the Issuer on July 10, 2020 (as so amended, the “Schedule 13G“). Terms defined in the Schedule 13G are used herein as so defined.

The following Items of the Schedule 13G are amended and restated to read in their entirety as follows:

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:

(e) [x] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E)

(g) [x] Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)

Item 4.			Ownership
	(i)		Crawford Capital Partners, LP
			(a)		Amount beneficially owned: 133,204 (see Note 4)
			(b)		Percent of class: 4.9% (See Note 5)
			(c)		Number of shares as to which the person has:
					(i)	Sole power to vote or to direct the vote: 0
					(ii)	Shared power to vote or to direct the vote: 133,204 (see Note 4)
					(iii)	Sole power to dispose or to direct the disposition of: 0
					(iv)	Shared power to dispose or to direct the disposition of: 133,204 (see Note 4)
	(ii)		Crawford Fund Management, LLC
			(a)		Amount beneficially owned: 133,204 (see Note 4)
			(b)		Percent of class: 4.9% (See Note 5)
			(c)		Number of shares as to which the person has:
					(i)	Sole power to vote or to direct the vote: 0
					(ii)	Shared power to vote or to direct the vote: 133,204 (see Note 4)
					(iii)	Sole power to dispose or to direct the disposition of: 0
					(iv)	Shared power to dispose or to direct the disposition of: 133,204 (see Note 4)
		(iii)		Christopher Crawford
			(a)		Amount beneficially owned: 133,204 (See Note 4)
			(b)		Percent of class: 4.9% (See Note 5)
			(c)		Number of shares as to which the person has:
					(i)	Sole power to vote or to direct the vote: 0
					(ii)	Shared power to vote or to direct the vote: 133,204 (see Note 4)
					(iii)	Sole power to dispose or to direct the disposition of: 0
					(iv)	Shared power to dispose or to direct the disposition of: 133,204 (see Note 4)

CUSIP No. 443787205

13G/A

Page 5 of 8 Pages

Note 4:

Crawford Fund Management, LLC is an investment advisor that is registered under the Investment Advisors Act of 1940. Crawford Fund Management, LLC, which serves as the investment manager to each of Crawford Capital Partners, LP and Crawford Capital Partners, Ltd., (collectively "the Funds"), may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds. Mr. Christopher Crawford, as Managing Member of Crawford Fund Management, LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds. The shares are owned through Crawford Capital Partners, LP. Crawford Capital Partners, LP is managed and controlled by Crawford Fund Management, LLC, of which Mr. Crawford is Managing Member. Mr. Crawford and Crawford Fund Management, LLC may be deemed to share voting power and dispositive power as to these shares. Mr. Crawford and Crawford Fund Management, LLC disclaim beneficial ownership in these shares.

Note 5:

Based on 2,684,971 outstanding shares of Common Stock as of October 21, 2020, as represented by the Issuer in the Form 10-Q filed with the Securities and Exchange Commission on November 5, 2020.

Item 5.	Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ X ].
Item 6.	Ownership of More Than Five Percent on Behalf of Another Person:
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
	See Note 4 above.
Item 8.	Identification and Classification of Members of the Group:
	Not Applicable
Item 9.	Notice of Dissolution of Group:
	Not Applicable

CUSIP No. 443787205

13G/A

Page 6 of 8 Pages

Item 10.

Certifications:

Each of the Reporting Persons makes the following certification:

By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above 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. After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2021

Crawford Capital Partners, LP

By: Crawford Fund Management, LLC, its Investment Manager

By: /s/ Christopher Crawford

Name: Christopher Crawford

Title: Managing Member

Crawford Fund Management, LLC

By: /s/ Christopher Crawford

Name: Christopher Crawford

Title: Managing Member

Christopher Crawford

By: /s/ Christopher Crawford

CUSIP No. 443787205

13G/A

Page 7 of 8 Pages

EXHIBIT A

Joint Filing Agreement Pursuant to Rule 13d-1

This agreement is made pursuant to Rule 13d-l(k)(1) under the Securities Exchange Act of 1934, as amended (the "Act") by and among the parties listed below, each referenced to herein as a "Joint Filer". The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the rules thereunder may be filed on each of his, her or its behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1(k).

Dated: February 12, 2021

Crawford Capital Partners, LP

By: Crawford Fund Management, LLC, its Investment Manager

By: /s/ Christopher Crawford

Name: Christopher Crawford

Title: Managing Member

Crawford Fund Management, LLC

By: /s/ Christopher Crawford

Name: Christopher Crawford

Title: Managing Member

Christopher Crawford

By: /s/ Christopher Crawford

CUSIP No. 443787205

13G/A

Page 8 of 8 Pages

SEC Form SC 13G/A filed