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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
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SCHEDULE 13D/A 0001144204-15-059658 0001655238 XXXXXXXX LIVE 4 Common Stock, $0.001 par value 04/22/2025 false 0001590695 901773101 TWINLAB CONSOLIDATED HOLDINGS, INC. 4800 T-REX AVENUE 4800 T-REX AVENUE BOCA RATON NY 33431 B. Thomas Golisano 585-340-1200 c/o Grand Oaks Capital 7632 Couty Road 42 Victor NY 14564 Mr. Patrick E. Ogle 479-651-5027 c/o Akretive LLC PO Box 1447 Franklin NY 37065 0000903201 N GOLISANO B THOMAS AF N X1 0.00 0.00 0.00 0.00 0.00 N 0.0 IN 0001655238 N Akretive Holdings LLC AF N NY 90255084.00 9.00 90255084.00 0.00 90255084.00 N 34.8 OO Common Stock, $0.001 par value TWINLAB CONSOLIDATED HOLDINGS, INC. 4800 T-REX AVENUE 4800 T-REX AVENUE BOCA RATON NY 33431 This Schedule 13D/A is being filed jointly by: (i) B. Thomas Golisano (ii) Akretive Holdings, LLC (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The address of the business office of each of the Reporting Persons is as follows: (i) B. Thomas Golisano, c/o Grand Oaks Capital, 7632 County Road 42, Victor, NY 14564 (ii) Akretive Holdngs, LLC c/o Akretive LLC, P.O. Box 1447, Franklin, TN 37065 The principal business of: (i) B. Thomas Golisano is, an individual, who prior to the transactions reported was the sole member of Akretive Holdings, LLC (f/k/a Golisano Holdings, LLC; and (ii) Akretive Holdings, LLC, a New York limited liability company, is to engage in any and all lawful purposes. The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). The Reporting Persons have not, during the last five years, 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. B. Thomas Golisano is a citizen of the United States Akretive Holdings, LLC is organized as a limited liability company under the laws of the State of New York. Funds for the purchase of the Membership Interest were derived from working capital. On April 22, 2025, BTG Holdings and Akretive LLC entered into a Membership Interest Purchase and Sale Agreement, pursuant to which, on the terms and subject to the conditions set forth therein, BTG Holdings agreed to sell to Akretive LLC, and Akretive LLC agreed to purchase from BTG Holdings, 100% of the membership interest in Akretive Holdings for aggregate consideration of $10.00. In connection with the closing of the transaction contemplated by the Purchase Agreement, Akretive Holdings and the entities owned and controlled by David Van Andel, (including Little Harbor, LLC, Great Harbor Capital, LLC and the David L. Van Andel Trust U/A dated November 30, 1993) terminated all agreement between them, including a Voting Agreement dated October 5, 2015. The closing of the transactions contemplated by the Purchase Agreement closed on April 22, 2025. As part of the closing, Mr. Golisano and Akretive Holdings terminated their Joint Filing Agreement dated October 5, 2015, with respect to the filing of the Statement on Schedule 13D for the Company Common Stock. The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, a copy of which is filed as an exhibit to this Schedule 13D and incorporated by reference herein. See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 259,092,833 shares outstanding as of July 30, 2024, as reflected in the Company's Form 10-Q filed on August 1, 2024, for the fiscal quarter ended June 30, 2024. See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. The information set forth in Item 4 of the Schedule 13D is incorporated herein by reference. Except as disclosed herein, the Reporting Person has not effected any transaction in the shares of Common Stock during the last 60 days. As a result of the transactions reported in this Schedule 13D, Mr. Golisano and BTG Holdings ceased to be the beneficial owners of more than five percent of the Company Common Stock and are no longer subject to the reporting requirements of Rule 13d-1(a) of the Exchange Act. As of April 22, 2025, B. Thomas Golisano and BTG Holdings ceased to be a beneficial owner of more than five percent of the outstanding shares of the Company Common Stock. Item 6 of the Schedule 13D is hereby amended by adding the following: Item 4 summarizes certain provisions of the Purchase Agreement and is incorporated herein by reference. A copy of the Purchase Agreement is attached as an exhibit to this Schedule 13D and incorporated herein by reference. In connection with the closing of the transactions contemplated by the Purchase Agreement, the Reporting Person and Mr. Golisano terminated, effective as of April 22, 2025, the Joint Filing Agreement, dated October 15, 2015, between them pursuant to a Termination Agreement dated April 22, 2025. A copy of the Termination Agreement is attached hereto as Exhibit B and is incorporated herein by reference. Exhibit 1 - Membership Interest Purchase and Sale Agreement dated as of April 22, 2025 by and between Golisano Holdings, LLC and Akretive LLC Exhibit 2 - Termination Agreement, dated April 22, 2025, between B. Thomas Golisano and Akretive Holdings, LLC GOLISANO B THOMAS /s/ B. Thomas Golisano Individual 04/24/2025 Akretive Holdings LLC /s/ Patrick E. Ogle Manager of Akretive, LLC 04/24/2025