# EDGAR Filing Document

**Accession Number:** 0000095953
**File Stem:** 0000893739-23-000007
**Filing Date:** 2023-2
**Character Count:** 11708
**Document Hash:** 91daf6140b5a24985103679357048552
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000893739-23-000007.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000893739-23-000007

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ASCENT INDUSTRIES CO.
- **CENTRAL INDEX KEY:** 0000095953
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL PIPE & TUBES [3317]
- **IRS NUMBER:** 570426694
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-15999
- **FILM NUMBER:** 23628515

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 16TH STREET
- **STREET 2:** SUITE 270
- **CITY:** OAK BROOK
- **STATE:** IL
- **ZIP:** 60523
- **BUSINESS PHONE:** 804-822-3260

**MAIL ADDRESS:**
- **STREET 1:** 1400 16TH STREET
- **STREET 2:** SUITE 270
- **CITY:** OAK BROOK
- **STATE:** IL
- **ZIP:** 60523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SYNALLOY CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKMAN UHLER INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19710510
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 180 DEGREE CAPITAL CORP. /NY/
- **CENTRAL INDEX KEY:** 0000893739
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTORS, NEC [6799]
- **IRS NUMBER:** 133119827
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 7 N. WILLOW STREET
- **STREET 2:** SUITE 4B
- **CITY:** MONTCLAIR
- **STATE:** NJ
- **ZIP:** 07042
- **BUSINESS PHONE:** 973-746-4500

**MAIL ADDRESS:**
- **STREET 1:** 7 N. WILLOW STREET
- **STREET 2:** SUITE 4B
- **CITY:** MONTCLAIR
- **STATE:** NJ
- **ZIP:** 07042

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARRIS & HARRIS GROUP INC /NY/
- **DATE OF NAME CHANGE:** 19930714

**UNITED STATES <br>SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**SCHEDULE 13G**

**INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT**

**TO RULES 13d –1(b), (c), AND (d) AND AMENDMENTS THERETO FILED**

**PURSUANT TO RULE 13d–2.**

**(Amendment No. 1)\***

**ASCENT INDUSTRIES CO.** 

(Name of Issuer)

Common Stock

(Title of Class of Securities)

871565107

(CUSIP Number)

180 Degree Capital Corp.

7 N. Willow Street, Suite 4B

Montclair, New Jersey 07042

Attention: Daniel B. Wolfe

Telephone: 973-746-4500

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 31, 2022

(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)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

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).

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CUSIP No. 871565107

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| | | | |
|:---|:---|:---|:---|
| 1 | NAME OF REPORTING PERSONS:<br>180 Degree Capital Corp. | NAME OF REPORTING PERSONS:<br>180 Degree Capital Corp. | NAME OF REPORTING PERSONS:<br>180 Degree Capital Corp. |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) (b)  | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) (b)  | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br>(a) (b)  |
| 3 | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION<br>New York | CITIZENSHIP OR PLACE OF ORGANIZATION<br>New York | CITIZENSHIP OR PLACE OF ORGANIZATION<br>New York |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER<br>0 |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 6 | SHARED VOTING POWER |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |  | 285,895 shares (1) |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE DISPOSITIVE POWER<br>0 |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 8 | SHARED DISPOSITIVE POWER |
| <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | <br>NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |  | 285,895 shares (1) |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|  | 285,895 shares (1) | 285,895 shares (1) | 285,895 shares (1) |
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  |
| 11 | PERCENT OF CLASS REPRESENTED IN ROW (9) | PERCENT OF CLASS REPRESENTED IN ROW (9) | PERCENT OF CLASS REPRESENTED IN ROW (9) |
|  | 2.8% (2) | 2.8% (2) | 2.8% (2) |
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IV, IA | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IV, IA | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>IV, IA |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)180 Degree Capital Corp. ("180") disclaims beneficial ownership of 7,838 of these shares that are beneficially owned by a separately managed account ("SMA"). 180 has shared dispositive and voting power over these shares through its position as Investment Manager of the SMA. 180 disclaims beneficial ownership of the shares owned by the SMA except for its pecuniary interest therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Percent of class is calculated based on (i) 10,202,281 shares of Common Stock of Ascent Industries Co. (the "Issuer") outstanding as of December 7, 2022 as reported in the Issuer's Registration Statement on Form S-3 filed with the Securities and Exchange Commission on December 13, 2022.

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CUSIP No. 871565107

**Item 1.**

(a) Name of Issuer:

Ascent Industries Co., a Delaware corporation

(b) Address of Issuer's Principal Executive Offices:

4510 Cox Road, Suite 201, Richmond, Virginia 23060

**Item 2.**

(a) Name of person filing:

180 Degree Capital Corp.

(b) Address or principal business office or, if non, residence:

7 N. Willow Street, Suite 4B

Montclair, NJ 07042

(c) Citizenship/State of Organization:

180 Degree Capital Corp. - New York

(d) Title of class of securities:

Common Stock

(e) CUSIP No.:

871565107

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a)&nbsp;&nbsp;&nbsp;&nbsp;☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)&nbsp;&nbsp;&nbsp;&nbsp;☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)&nbsp;&nbsp;&nbsp;&nbsp;☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)&nbsp;&nbsp;&nbsp;&nbsp;☒ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)&nbsp;&nbsp;&nbsp;&nbsp;☒ An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E);

(f)&nbsp;&nbsp;&nbsp;&nbsp;☐ An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F);

(g)&nbsp;&nbsp;&nbsp;&nbsp;☐ A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G);

(h)&nbsp;&nbsp;&nbsp;&nbsp;☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)&nbsp;&nbsp;&nbsp;&nbsp;☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the

&nbsp;&nbsp;&nbsp;&nbsp;Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)&nbsp;&nbsp;&nbsp;&nbsp;☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).

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**Item 4. Ownership.**

Reference is hereby made to Items 5-9 and 11 of page 2 of this Schedule, which Items are incorporate by reference herein.

**Item 5. Ownership of Five Percent or Less of a Class**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

Not applicable.

**Item 6. Ownership of More than Five Percent on Behalf of Another Person**

Not applicable

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person**

Not applicable.

**Item 8. Identification and Classification of Members of the Group**

Not applicable.

**Item 9. Notice of Dissolution of Group**

Not applicable.

**Item 10. Certification**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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**SIGNATURE**

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2023

**180 DEGREE CAPITAL CORP.**

By: <u>/s/ Daniel B. Wolfe&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name: Daniel B. Wolfe

Title: President

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**<u>SCHEDULE A</u>**

**Directors and Executive Officers of 180 Degree Capital Corp.**

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| | | | |
|:---|:---|:---|:---|
| <u>Name</u> | <u>Position and Present Principal Occupation</u> | <u>Principal Business Address</u> | <u>Citizenship</u> |
| Kevin M. Rendino | Chairman of the Board of Directors and Chief Executive Officer | 7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Daniel B. Wolfe | Director, President, Chief Financial Officer and <br>Chief Compliance Officer | 7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Alicia M. Gift | Senior Controller and Secretary | 7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Robert E. Bigelow, III | Vice President of Fund Development | 7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Stacy R. Brandom | Independent Director | c/o 180 Degree Capital Corp.<br>7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Tonia L. Pankopf | Independent Director | c/o 180 Degree Capital Corp.<br>7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Richard P. Shanley | Independent Director | c/o 180 Degree Capital Corp.<br>7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |
| Parker A. Weil | Independent Director | c/o 180 Degree Capital Corp.<br>7 N. Willow Street, Suite 4B, Montclair, NJ 07042 | USA |

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