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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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Intrepid Potash, Inc. (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
46121Y102 (CUSIP Number) |
Nicholas Collazo 240 Crandon Blvd., Suite 250, Key Biscayne, FL, 33149 3053758484 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
11/04/2024 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on 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).
SCHEDULE 13D
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| CUSIP No. | 46121Y102 |
| 1 |
Name of reporting person
Clearway Capital Management LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
FLORIDA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,203,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
9.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
The Amount Beneficially Owned is based on the 13,282,455 outstanding shares of Issuer as of July 31, 2024 - the most recent quarterly results dated June 30, 2024
The 1,203,222 Common Stock shares are held by Clearway Capital Management LLC, which is wholly owned by Clearway Trust.
SCHEDULE 13D
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| CUSIP No. | 46121Y102 |
| 1 |
Name of reporting person
Teton Trust Co LLC as Trustee of Clearway Trust | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
WYOMING
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,203,222.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
9.1 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person:
The Amount Beneficially Owned is based on the 13,282,455 outstanding shares of Issuer as of July 31, 2024 - the most recent quarterly results dated June 30, 2024
The 1,203,222 Common Stock shares are held by Clearway Capital Management LLC, which is wholly owned by Clearway Trust.
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, par value $0.001 per share |
| (b) | Name of Issuer:
Intrepid Potash, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
707 17TH STREET, SUITE 4200, DENVER,
COLORADO
, 80202. |
| Item 2. | Identity and Background |
| (a) | Clearway Capital Management LLC, a Florida limited liability company |
| (b) | 240 Crandon Blvd., Suite 250, Key Biscayne, FL 33149 |
| (c) | N/A |
| (d) | None |
| (e) | None |
| (f) | United States, Florida limited liability company |
| Item 3. | Source and Amount of Funds or Other Consideration |
Clearway Capital Management LLC has beneficial ownership of 1,203,222 shares of the Issuer's Common Stock, all of which have been disclosed in a Schedule 13G/A filing in February 13, 2024.
Clearway Capital Management LLC has no present intention to acquire any additional shares of the Issuer. | |
| Item 4. | Purpose of Transaction |
Clearway Capital Management LLC seeks to change the composition of the Issuer's Board of Directors and Restructure Management. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Clearway Capital Management LLC beneficially owns 1,203,222 shares of the Issuer, amounting to 9.06% of the outstanding shares of the Issuer based on the most recent Quarterly report of the Issuer on June 30, 2024. |
| (b) | Clearway Capital Management LLC beneficially owns 1,203,222 shares of the Issuer, amounting to 9.06% of the outstanding shares of the Issuer based on the most recent Quarterly report of the Issuer on June 30, 2024. |
| (c) | None |
| (d) | None |
| (e) | N/A |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
None | |
| Item 7. | Material to be Filed as Exhibits. |
November 3, 2024 Letter from Clearway Capital Management LLC to the Issuer |
| 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.
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Comments accompanying signature:
Nicholas Collazo is the Attorney-in-Fact for Clearway Capital Management LLC. This power of attorney is incorporated by reference under the January 30, 2023 Schedule 13G/A filing for Clearway Capital Management LLC as Exhibit 24.2
Nicholas Collazo is the Attorney-in-Fact for Teton Trust Company LLC, as Trustee of the Clearway Trust. This power of attorney is incorporated by reference under the January 30, 2023 Schedule 13G/A filing for Clearway Capital Management LLC as Exhibit 24.1 |