UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Rimini Street, Inc.
(Name of Issuer)
Common Stock
(Title of class of Securities)
76674Q107
(Cusip Number)
December 31, 2021
(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. |
This information required in the remainder of this page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 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. 76674Q107 | SCHEDULE 13G |
| 1 | NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Radcliff River I LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (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
0 | ||
| 6 | SHARED VOTING POWER
463,874 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
463,874 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,874 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.53% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
| Page 2 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| 1 | NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Radcliff SPV Manager LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (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
0 | ||
| 6 | SHARED VOTING POWER
463,874 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
463,874 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,874 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.53% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
| Page 3 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| 1 | NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Eli Goldstein | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☒
| |
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
USA |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
25,000 | ||
| 6 | SHARED VOTING POWER
463,874 | |||
| 7 | SOLE DISPOSITIVE POWER
25,000 | |||
| 8 | SHARED DISPOSITIVE POWER
463,874 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,874 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.56% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
| Page 4 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| 1 | NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Evan Morgan | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☒
| |
| 3 | SEC USE ONLY
| |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
USA |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||
| 6 | SHARED VOTING POWER
463,874 | |||
| 7 | SOLE DISPOSITIVE POWER
0 | |||
| 8 | SHARED DISPOSITIVE POWER
463,874 |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
463,874 | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
| |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.53% | |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
| Page 5 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| Item 1(a) | Name of Issuer: Rimini Street, Inc. | |
| Item 1(b) | Address of Issuer’s Principal Executive Offices: 3993 Howard Hughes Parkway, Suite 500 Las Vegas, NV 89169 | |
| Item 2 (a) | Name of Person Filing: Radcliff River I LLC Radcliff SPV Manager LLC Eli Goldstein Evan Morgan | |
| Item 2(b) | Address of Principal Business Offices: The address of the principal business office of each of the Reporting Persons is: c/o The Radcliff Companies 408 Greenwich Street, 2nd Floor New York, NY 10013 Attention: Eli Goldstein and Evan Morgan | |
| Item 2(c) | Citizenship: Radcliff River I LLC- Delaware Radcliff SPV Manager LLC- Delaware Eli Goldstein- USA Evan Morgan- USA | |
| Item 2(d) | Title of Class of Securities: Common Stock | |
| Item 2(e) | CUSIP Number: 76674Q107 | |
| Page 6 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| Item 3 | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
(a) ☐ Broker or dealer registered under Section 15 of the Exchange Act
(b) ☐ Bank as defined in Section 3(a)(6) of the Exchange Act
(c) ☐ Insurance company as defined in Section 3(a)(19) of the Exchange Act
(d) ☐ Investment company registered under Section 8 of the Investment Company Act
(e) ☐ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) ☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F)
(g) ☐ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)
(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act
(i) ☐ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act
(j) ☐ Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
Not applicable | |
| Item 4 | Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
Radcliff River I LLC – 463,874 Radcliff SPV Manager LLC – 463,874 Eli Goldstein – 488,874 Evan Morgan – 463,874
(b) Percent of class:
Radcliff River I LLC – 0.53% Radcliff SPV Manager LLC – 0.53% Eli Goldstein – 0.56% Evan Morgan – 0.53% |
| Page 7 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Radcliff River I LLC – 0 Radcliff SPV Manager LLC – 0 Eli Goldstein – 25,000 Evan Morgan – 0
(ii) Shared power to vote or to direct the vote
Radcliff River I LLC – 463,874 Radcliff SPV Manager LLC – 463,874 Eli Goldstein – 463,874 Evan Morgan – 463,874
(iii) Sole power to dispose or to direct the disposition of
Radcliff River I LLC – 0 Radcliff SPV Manager LLC – 0 Eli Goldstein – 25,000 Evan Morgan – 0
(iv) Shared power to dispose or to direct the disposition of
Radcliff River I LLC – 463,874 Radcliff SPV Manager LLC – 463,874 Eli Goldstein – 463,874 Evan Morgan – 463,874 |
(1) The number of Common Stock beneficially owned by the Reporting Persons includes (i) 463,874 shares of Common Stock of the Issuer held of record by Radcliff River I LLC and (ii) 25,000 shares of Common Stock of the Issuer held of record by Eli Goldstein.
(2) Radcliff SPV Manager LLC (the “Managing Member”) is the managing member of Radcliff River I LLC, and Eli Goldstein and Evan Morgan beneficially own the membership interests in the Managing Member. The Managing Member and Messrs. Goldstein and Morgan share voting and dispositive power over the Common Stock of the Issuer held by Radcliff River I LLC. As a result, the Managing Member and Messrs. Goldstein and Morgan may be deemed to beneficially own the Common Stock beneficially owned by Radcliff River I LLC. The Managing Member and Messrs. Goldstein and Morgan disclaim beneficial ownership of the Common Stock beneficially owned by Radcliff River I LLC, except to the extent of his or its pecuniary interest therein.
(3) The percentages used throughout this Schedule 13G are based upon 86,937,000 shares of Common Stock outstanding as of November 30, 2021, as disclosed in the Issuer’s 10-Q/A filed with the Securities and Exchange Commission on December 3, 2021.
| Page 8 of 10 |
| CUSIP No. 76674Q107 | SCHEDULE 13G |
| 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 five 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.
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 | Certification.
By signing below I certify that, to the best of my 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. |
| Page 9 of 10 |
CUSIP No. 76674Q107
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: February 2, 2022 | Radcliff River I LLC | |
| By: | Radcliff SPV Manager LLC, its manager | |
| By: | /s/ Eli Goldstein | |
| Manager | ||
| Dated: February 2, 2022 | Radcliff SPV Manager LLC | |
| By: | /s/ Eli Goldstein | |
| Manager | ||
| Dated: February 2, 2022 | /s/ Eli Goldstein |
| Eli Goldstein | |
| Dated: February 2, 2022 | /s/ Evan Morgan |
| Evan Morgan |
| Page 10 of 10 |
CUSIP No. 76674Q107
Joint Filing Agreement
The undersigned hereby agree to jointly prepare and file with regulatory authorities this Schedule 13G and any future amendments thereto reporting each of the undersigned’s ownership of securities of the Issuer named herein, and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
| Dated: February 2, 2022 | Radcliff River I LLC | |
| By: | Radcliff SPV Manager LLC, its manager | |
| By: | /s/ Eli Goldstein | |
| Manager | ||
| Dated: February 2, 2022 | Radcliff SPV Manager LLC | |
| By: | /s/ Eli Goldstein | |
| Manager | ||
| Dated: February 2, 2022 | /s/ Eli Goldstein |
| Eli Goldstein | |
| Dated: February 2, 2022 | /s/ Evan Morgan |
| Evan Morgan |