# EDGAR Filing Document

**Accession Number:** 0001522222
**File Stem:** 0001185185-25-000696
**Filing Date:** 2025-6
**Character Count:** 8413
**Document Hash:** 6409e3f842a9b774ad6a0948429a678e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-25-000696.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001185185-25-000696

**CONFORMED SUBMISSION TYPE**: SC 13E3/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLS Holdings USA, Inc.
- **CENTRAL INDEX KEY:** 0001522222
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** SC 13E3/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89292
- **FILM NUMBER:** 251073831

**BUSINESS ADDRESS:**
- **STREET 1:** 516 S. 4TH STREET
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89101
- **BUSINESS PHONE:** (416) 992-4539

**MAIL ADDRESS:**
- **STREET 1:** 516 S. 4TH STREET
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Adelt Design, Inc.
- **DATE OF NAME CHANGE:** 20110601
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLS Holdings USA, Inc.
- **CENTRAL INDEX KEY:** 0001522222
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** SC 13E3/A

**BUSINESS ADDRESS:**
- **STREET 1:** 516 S. 4TH STREET
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89101
- **BUSINESS PHONE:** (416) 992-4539

**MAIL ADDRESS:**
- **STREET 1:** 516 S. 4TH STREET
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Adelt Design, Inc.
- **DATE OF NAME CHANGE:** 20110601

**United States**

**Securities and Exchange Commission**

**Washington, D.C. 20549**

**SCHEDULE 13E-3**

**(RULE 13e-100)**

**RULE 13e-3 TRANSACTION STATEMENT UNDER SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934** 

**(Amendment No. 4)**

**<u>CLS HOLDINGS USA, INC.</u>**

(Name of the Issuer)

**CLS HOLDINGS USA, INC. AND FRANK KORETSKY**

(Name of Persons Filing Statement)

**<u>Common Stock, par value $0.0001</u>**

(Title of Class of Securities)

**<u>12565J308</u>**

(CUSIP Number of Class of Securities)

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| | |
|:---|:---|
| **With a copy to:** | **With a copy to:** |
| CLS Holdings, USA, Inc. | Shelley Detwiller DiGiacomo |
| 516 S. 4<sup>th</sup> Street | Engelman Berger, P.C. |
| Las Vegas, Nevada 89101 | 2800 N Central Avenue, Suite 1200 |
| (888) 260-7775 | (602) 222-4991 |

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(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Persons Filing Statement)

This statement is filed in connection with (check the appropriate box):

Check the appropriate box:

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| | |
|:---|:---|
| a. ☒ | The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934 |
| b. ☐ | The filing of a registration statement under the Securities Act of 1933. |
| c. ☐ | A tender offer. |
| d. ☐ | None of the above. |

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Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☐

Check the following box if the filing is a final amendment reporting the results of the transaction: ☒

**Neither the Securities and Exchange Commission nor any state securities commission has: approved or disapproved of the transaction; passed upon the merits or fairness of the transaction; or passed upon the adequacy or accuracy of the disclosure herein. Any representation to the contrary is a criminal offense.**

**INTRODUCTION**

This Amendment No. 4 to the Rule 13e-3 Transaction Statement (as amended hereby, the "Transaction Statement") is being filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 13e-3(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") to report the results of the reverse stock split transaction described below, by CLS Holdings USA, Inc., a Nevada corporation ("CLSH" or the "Company") and Frank Koretsky, a shareholder who the Company considers an affiliate of the Company.

At the Company's Special Meeting of Stockholders held on June 24, 2025, the Company's stockholders of record voted to approve a reverse stock split of the Company's Common Stock, par value $0.0001 (the "Common Stock"). The reverse stock split consists of a 1-to-4,000,000 reverse stock split (the "Reverse Stock Split") whereby stockholders owning any fractional shares of Common Stock following the Reverse Stock Split would have such fractional shares cancelled and converted into the right to receive the cash consideration set forth herein (the "Repurchase Plan"). The Reverse Stock Split and the Repurchase Plan are structured to (i) substantially reduce operational costs by reducing the number of record holders of Common Stock to fewer than 300, thereby allowing the Company to terminate the registration of the Common Stock pursuant to Section 12(g)(4) of the Exchange Act and the Company's reporting obligations under the Exchange Act, and (ii) to provide the minority shareholders with a liquidity event at a price well above the recent trading price of the stock.

The Company's stockholders approved the Reverse Stock Split and Repurchase Plan with 135,687,759 votes in favor, 8,235,864 votes against, and 11,841 votes abstaining. The Company anticipates that approximately 36,734,517 pre-split shares will be cashed out for approximately $1,360,000.

The Company intends to file a Form 15 with the SEC to terminate registration of the Common Stock under Section 12(g) of the Exchange Act, and to suspend its reporting obligations under the Exchange Act immediately after the filing hereof.

The Company filed a Proxy Statement (the "Proxy Statement") on May 30, 2025, pursuant to Regulation 14A of the Exchange Act. The information contained in the Proxy Statement, including all Annexes attached thereto, is hereby expressly incorporated herein by reference.

**ITEM 16. EXHIBITS.**

**EXHIBIT INDEX**

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| | | |
|:---|:---|:---|
|  | **Exhibit No.** | **Document** |
| 16(a)\* | 99.1 | [Notice of Special Meeting and Proxy Statement of the Company filed with the SEC on May 30, 2025](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000562/clshdef14a052925.htm) |
| 16(b)\*\* | 99.2 | [Form of Secured Promissory Note.](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000554/clshex99-2.htm) |
| 16(c)\*\*\* | 99.3 | [Opinion of Houlihan Capital LLC dated April 8, 2025](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000522/clshex99-2.htm) |
| 16(d)\*\* | 99.4 | [Presentation of Houlihan Capital LLC dated April 8, 2025](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000554/clshex99-4.htm) |
| 16(e) |  | Not applicable. |
| 16(f) |  | [Included in Exhibit 99.1.](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000562/clshdef14a052925.htm) |
| 16(g) |  | Not applicable |
| 107\*\*\*\* |  | [Fee Tables](http://www.sec.gov/Archives/edgar/data/1522222/000118518525000383/clshex-fee.htm) |

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| | |
|:---|:---|
| \* | Previously filed with the Transaction Statement on Schedule 13E-3 filed with the Securities and Exchange Commission on May 30, 2025. |
| \*\* | Previously filed with the Transaction Statement on Schedule 13E-3 filed with the Securities and Exchange Commission on May 28, 2025. |
| \*\*\* | Previously filed with the Transaction Statement on Schedule 13E-3 filed with the Securities and Exchange Commission on May 20, 2025. |
| \*\*\*\* | Previously filed with the Transaction Statement on Schedule 13E-3 filed with the Securities and Exchange Commission on May 1, 2025. |

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**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information as set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
| CLS HOLDINGS USA, INC. | CLS HOLDINGS USA, INC. |
| By: | /s/ Andrew Glashow |
| Name: | Andrew Glashow |
| Title: | Chief Executive Officer and Chairman of the Board |
| Date: June 25, 2025 | Date: June 25, 2025 |
| /s/ Frank Koretsky | /s/ Frank Koretsky |
| Date: June 25, 2025 | Date: June 25, 2025 |

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