Alvin M. Bodford and AMB Investments LLC filed Amendment No. 3 to their Schedule 13D regarding Guerrilla RF, Inc. common stock on November 6, 2026, disclosing a triggering event dated November 4, 2026.

Key Highlights

  • Beneficial ownership: The reporting persons disclose aggregate beneficial ownership of 2,060,677 shares of common stock, representing approximately 18.68% of Guerrilla RF's outstanding shares.
  • Ownership composition: The 2,060,677 shares comprise 1,945,791 shares of common stock and 114,886 warrants to purchase common stock at $2.50 per share.
  • Triggering distribution: On November 4, 2026, Salem Investment Partners V, Limited Partnership distributed to AMB Investments 574,886 shares of common stock and 74,886 warrants based on its participation interest in the Salem Loan.
  • Share base used: The 18.68% figure is based on 10,915,344 shares of common stock outstanding plus 114,886 shares issuable upon exercise of the reporting persons' warrants as of November 4, 2026.
  • Voting and dispositive power: Both Bodford and AMB Investments report shared voting power and shared dispositive power of 2,060,677 shares, with zero sole voting or dispositive power.
  • Prior private placement: On March 28, 2024, AMB Investments acquired 40,000 units in a private placement, each unit consisting of one share of common stock and one warrant at $2.50 per share.

Salem Loan Distribution Triggers Amended 13D Filing by Bodford and AMB Investments

According to the filing, Alvin M. Bodford and AMB Investments LLC, based at 1501 Highwoods Boulevard, Suite 302, Greensboro, NC 27410, submitted Amendment No. 3 to their Schedule 13D covering common stock (par value $0.0001 per share, CUSIP 40162G203) of Guerrilla RF, Inc., a Delaware corporation headquartered at 2000 Pisgah Church Road, Greensboro, NC 27455. The filing identifies Bodford as the Manager of AMB Investments with sole voting and investment control over the securities held by that entity.

The event prompting this amendment, the filing discloses, was a November 4, 2026 pro rata distribution by Salem Investment Partners V, Limited Partnership to participants in the Salem Loan. The filing states that AMB Investments received 574,886 shares of common stock and 74,886 warrants from Salem based on its participation interest. The filing explains that AMB Investments had previously held a pecuniary interest in a portion of the Salem Securities since March 28, 2024, when Salem received 1,321,723 shares and 261,723 warrants from the issuer as partial consideration for extending a multi-draw loan facility and in exchange for $650,000 of outstanding deferred interest, but that at that time neither reporting person had voting or dispositive power over those securities.

The filing states that the shares beneficially owned by the reporting persons have been acquired for investment purposes, and that the reporting persons may make further acquisitions or disposals depending on "an ongoing evaluation of the investment in such securities, prevailing market conditions, other investment opportunities, and other factors." The source of funds is listed as "OO" (other) for both reporting persons. The filing contains the company's own forward-looking statements regarding potential future transactions, which are subject to its cautionary language.

What Was Disclosed

AMB Investments LLC and Alvin M. Bodford filed an amended Schedule 13D disclosing that, following a November 4, 2026 distribution from Salem Investment Partners V, the reporting persons beneficially own 2,060,677 shares, or approximately 18.68%, of Guerrilla RF, Inc. common stock.