Please wait

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(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)

SCHEDULE 13D/A 0001398344-24-023420 0001705447 XXXXXXXX LIVE 3 Common Stock 04/29/2025 false 0001421461 46121Y201 Intrepid Potash Inc. 707 17TH STREET SUITE 4200 DENVER CO 80202 Michael Melby (312) 825-1228 c/o Gate City Capital Management, LLC 8725 W. Higgins Road, Suite 530 Chicago IL 60631 0001705447 N Gate City Capital Management, LLC WC OO N IL 647652.00 0.00 647652.00 0.00 647652.00 N 4.9 IA Y Michael Melby WC OO N X1 647652.00 0.00 647652.00 0.00 647652.00 N 4.9 IN This Schedule 13D (this "Schedule 13D") is being filed on behalf of Gate City Capital Management, LLC, an Illinois limited liability company (the "Management Company") and Michael Melby. Mr. Melby serves as the managing member of the Management Company. The Management Company serves as an adviser to certain private investment funds and managed accounts (the "Funds"). This Schedule 13D relates to Common Shares (the "Common Shares") of Intrepid Potash Inc. (the "Issuer") held by the Funds. Common Stock Intrepid Potash Inc. 707 17TH STREET SUITE 4200 DENVER CO 80202 This Statement relates to the Common Stock of Intrepid Potash Inc. having its principal executive offices at 707 17th Street, Suite 4200, Denver, CO 80202. The names of the persons jointly filing this statement on Schedule 13D (the "Reporting Persons") are Gate City Capital Management, LLC, an Illinois limited liability company and Michael Melby, Managing Member of Gate City Capital Management, LLC. Mr. Melby is the controlling member of Gate City Capital Management, LLC. The address of each of the Reporting Persons is 8725 W. Higgins Road, Suite 530, Chicago, IL 60631. The principal business of Gate City Capital Management, LLC is to serve as an adviser to certain private investment funds and managed accounts. Mr. Melby's principal occupation is serving as the Portfolio Manager of Gate City Capital Management, LLC. During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, none of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Gate City Capital Management, LLC is an Illinois limited liability company. Mr. Melby is a United States citizen. The source and amount of funds used by the Reporting Persons in making their purchase of the shares of Common Stock owned by each of them in the aggregate was $13,876,505 using the working capital of each of the Funds. This Amendment No. 3 amends the Schedule 13D initially filed on December 19, 2024 and amended on January 6, 2025 and February 10, 2025. This Schedule 13D is filed to reflect that the Reporting Person has ceased to be the beneficial owner of more than five percent of the Common Stock of the Issuer. The Reporting Person beneficially owns in the aggregate 647,652 shares of Common Stock, which represents approximately 4.90% of the Company's outstanding shares of Common Stock. The percentage ownership of shares of Common Stock set forth in this Statement is based on 13,226,281 shares of Common Stock issued and outstanding as of February 28, 2025 as reported in the Company's Form 10-K filed with the SEC on March 4, 2025. The Reporting Person has the sole power to vote or to direct the voting of all such shares described in Item 5(a) above. The Reporting Person has the sole power to dispose or direct the disposition of all such shares described in Item 5(a) above. The Reporting Person does not have shared power to vote or to direct the vote of any such shares described in Item 5(a) above, and does not have shared power to dispose or direct the disposition of any such shares described in Item 5(a) above. Schedule 1 hereto sets forth all transactions in the Common Stock by any Reporting Person during the past sixty days. Except for the transactions set forth on Schedule A, none of the Reporting Persons effected any transaction during the past sixty days. Not applicable. 4/29/2025 Other than described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Person and any other person with respect to the securities of the Issuer. Gate City Capital Management, LLC /s/ Michael Melby Michael Melby, Managing Member 05/01/2025 Michael Melby /s/ Michael Melby Michael Melby, Managing Member 05/01/2025 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. In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and have duly executed this joint filing agreement as of the date set forth below.