# EDGAR Filing Document

**Accession Number:** 0001604831
**File Stem:** 0001604831-23-000002
**Filing Date:** 2023-2
**Character Count:** 8620
**Document Hash:** 73ac0833117172cb0e3838538dfaa77f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001604831-23-000002.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001604831-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Millrace Asset Group, Inc.
- **CENTRAL INDEX KEY:** 0001604831
- **IRS NUMBER:** 233096836
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16781
- **FILM NUMBER:** 23615589

**BUSINESS ADDRESS:**
- **STREET 1:** 1205 WESTLAKES DRIVE, SUITE 375
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312
- **BUSINESS PHONE:** 6102512821

**MAIL ADDRESS:**
- **STREET 1:** 1205 WESTLAKES DRIVE, SUITE 375
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Millrace Asset Group Inc.<br>**Address:** 1205 WESTLAKES DRIVE SUITE 375<br>BERWYN, PA 19312

**Form 13F File Number:** 028-16781

**CRD Number (if applicable):** 000136907

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jocelyn Dalkin<br>**Title:** CFO<br>**Phone:** 6102512821

**Signature, Place, and Date of Signing:**

Jocelyn Dalkin  Berwyn, PA  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 48

**Form 13F Information Table Value Total:** $88137

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABSOLUTE SOFTWARE CORPORATIO | Common Stocks | 00386B109 |  | 2200 | 210701 | SH |  | SOLE | 0 | 210701 | 0 | 0 |
| AXCELIS TECHNOLOGIES INC | Common Stocks | 054540208 |  | 949 | 11960 | SH |  | SOLE | 0 | 11960 | 0 | 0 |
| ALTA EQUIPMENT GROUP INC | Common Stocks | 02128L106 |  | 3155 | 239194 | SH |  | SOLE | 0 | 239194 | 0 | 0 |
| AMER NATL BNKSHS/DANVILLE VA | Common Stocks | 027745108 |  | 1124 | 30439 | SH |  | SOLE | 0 | 30439 | 0 | 0 |
| AUGMEDIX INC | Common Stocks | 05105P107 |  | 1287 | 825218 | SH |  | SOLE | 0 | 825218 | 0 | 0 |
| AXONICS INC | Common Stocks | 05465P101 |  | 2393 | 38271 | SH |  | SOLE | 0 | 38271 | 0 | 0 |
| AXT INC | Common Stocks | 00246W103 |  | 1453 | 331762 | SH |  | SOLE | 0 | 331762 | 0 | 0 |
| AZENTA INC | Common Stocks | 114340102 |  | 2228 | 38271 | SH |  | SOLE | 0 | 38271 | 0 | 0 |
| BENCHMARK ELECTRONICS INC | Common Stocks | 08160H101 |  | 3176 | 119008 | SH |  | SOLE | 0 | 119008 | 0 | 0 |
| BOWMAN CONSULTING GROUP LTD | Common Stocks | 103002101 |  | 3468 | 158705 | SH |  | SOLE | 0 | 158705 | 0 | 0 |
| CALIX INC | Common Stocks | 13100M509 |  | 1368 | 19991 | SH |  | SOLE | 0 | 19991 | 0 | 0 |
| CERUS CORP | Common Stocks | 157085101 |  | 708 | 193986 | SH |  | SOLE | 0 | 193986 | 0 | 0 |
| CAMBIUM NETWORKS CORP | Common Stocks | G17766109 |  | 4393 | 202717 | SH |  | SOLE | 0 | 202717 | 0 | 0 |
| CHAMPIONS ONCOLOGY INC | Common Stocks | 15870P307 |  | 875 | 194010 | SH |  | SOLE | 0 | 194010 | 0 | 0 |
| DOCGO INC | Common Stocks | 256086109 |  | 1696 | 239872 | SH |  | SOLE | 0 | 239872 | 0 | 0 |
| DESTINATION XL GROUP INC | Common Stocks | 25065K104 |  | 1524 | 225799 | SH |  | SOLE | 0 | 225799 | 0 | 0 |
| DZS INC | Common Stocks | 268211109 |  | 1897 | 149616 | SH |  | SOLE | 0 | 149616 | 0 | 0 |
| EBIX INC | Common Stocks | 278715206 |  | 1805 | 90415 | SH |  | SOLE | 0 | 90415 | 0 | 0 |
| ENCORE CAPITAL GROUP INC | Common Stocks | 292554102 |  | 1642 | 34241 | SH |  | SOLE | 0 | 34241 | 0 | 0 |
| ENOVIX CORP | Common Stocks | 293594107 |  | 1191 | 95741 | SH |  | SOLE | 0 | 95741 | 0 | 0 |
| EVERI HOLDINGS INC | Common Stocks | 30034T103 |  | 1565 | 109041 | SH |  | SOLE | 0 | 109041 | 0 | 0 |
| EXTREME NETWORKS INC | Common Stocks | 30226D106 |  | 2115 | 115531 | SH |  | SOLE | 0 | 115531 | 0 | 0 |
| HARMONIC INC | Common Stocks | 413160102 |  | 4312 | 329131 | SH |  | SOLE | 0 | 329131 | 0 | 0 |
| LOVESAC CO/THE | Common Stocks | 54738L109 |  | 1672 | 75944 | SH |  | SOLE | 0 | 75944 | 0 | 0 |
| LIVEPERSON INC | Common Stocks | 538146101 |  | 1550 | 152900 | SH |  | SOLE | 0 | 152900 | 0 | 0 |
| LIGHTSPEED COMMERCE INC | Common Stocks | 53229C107 |  | 1285 | 89874 | SH |  | SOLE | 0 | 89874 | 0 | 0 |
| MASIMO CORP | Common Stocks | 574795100 |  | 1655 | 11186 | SH |  | SOLE | 0 | 11186 | 0 | 0 |
| MAGNITE INC | Common Stocks | 55955D100 |  | 1745 | 164781 | SH |  | SOLE | 0 | 164781 | 0 | 0 |
| MERIT MEDICAL SYSTEMS INC | Common Stocks | 589889104 |  | 1305 | 18478 | SH |  | SOLE | 0 | 18478 | 0 | 0 |
| MERCURY SYSTEMS INC | Common Stocks | 589378108 |  | 669 | 14950 | SH |  | SOLE | 0 | 14950 | 0 | 0 |
| MAXLINEAR INC | Common Stocks | 57776J100 |  | 1750 | 51546 | SH |  | SOLE | 0 | 51546 | 0 | 0 |
| NOODLES  CO | Common Stocks | 65540B105 |  | 1241 | 226038 | SH |  | SOLE | 0 | 226038 | 0 | 0 |
| PETIQ INC | Common Stocks | 71639T106 |  | 1535 | 166508 | SH |  | SOLE | 0 | 166508 | 0 | 0 |
| PROS HOLDINGS INC | Common Stocks | 74346Y103 |  | 52 | 2153 | SH |  | SOLE | 0 | 2153 | 0 | 0 |
| REAL GOOD FOOD CO INC/THE | Common Stocks | 75601G109 |  | 2644 | 398788 | SH |  | SOLE | 0 | 398788 | 0 | 0 |
| REPAY HOLDINGS CORP | Common Stocks | 76029L100 |  | 744 | 92448 | SH |  | SOLE | 0 | 92448 | 0 | 0 |
| SILICON MOTION TECHNOL-ADR | Common Stocks | 82706C108 |  | 2093 | 32207 | SH |  | SOLE | 0 | 32207 | 0 | 0 |
| SITIME CORP | Common Stocks | 82982T106 |  | 328 | 3229 | SH |  | SOLE | 0 | 3229 | 0 | 0 |
| SEMTECH CORP | Common Stocks | 816850101 |  | 686 | 23919 | SH |  | SOLE | 0 | 23919 | 0 | 0 |
| STRATASYS LTD | Common Stocks | M85548101 |  | 569 | 48000 | SH |  | SOLE | 0 | 48000 | 0 | 0 |
| NEURONETICS INC | Common Stocks | 64131A105 |  | 4108 | 597984 | SH |  | SOLE | 0 | 597984 | 0 | 0 |
| SUNOPTA INC | Common Stocks | 8676EP108 |  | 3765 | 446096 | SH |  | SOLE | 0 | 446096 | 0 | 0 |
| SYNAPTICS INC | Common Stocks | 87157D109 |  | 1366 | 14353 | SH |  | SOLE | 0 | 14353 | 0 | 0 |
| TRANSMEDICS GROUP INC | Common Stocks | 89377M109 |  | 1107 | 17940 | SH |  | SOLE | 0 | 17940 | 0 | 0 |
| TANDEM DIABETES CARE INC | Common Stocks | 875372203 |  | 2527 | 56211 | SH |  | SOLE | 0 | 56211 | 0 | 0 |
| VEECO INSTRUMENTS INC | Common Stocks | 922417100 |  | 711 | 38271 | SH |  | SOLE | 0 | 38271 | 0 | 0 |
| YATRA ONLINE INC | Common Stocks | G98338109 |  | 4049 | 1679977 | SH |  | SOLE | 0 | 1679977 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP-A | Common Stocks | 98956A105 |  | 2457 | 300786 | SH |  | SOLE | 0 | 300786 | 0 | 0 |

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