Salem Investment Partners V, Limited Partnership, has filed an amended Schedule 13D with the SEC, detailing significant changes in its holdings of Guerrilla RF, Inc. This filing, dated November 6, 2026, is crucial as it reveals the investment firm's ongoing strategies and adjustments in its portfolio within the semiconductor industry.

Guerrilla RF, Inc., a company incorporated in Delaware, specializes in the manufacturing of semiconductors and related devices. The company has its principal office located at 2000 Pisgah Church Road, Greensboro, NC. Salem Investment Partners V is a North Carolina-based limited partnership that primarily invests in lower middle-market companies.

What the Filing Says

The amended Schedule 13D indicates that Salem Investment Partners V, along with its affiliates SIP V Management LLC and Badger Capital II, L.L.C., now collectively hold approximately 9.32% of Guerrilla RF's outstanding shares. The filing states, "Salem owns 582,244 shares of Common Stock and 196,044 Warrants, and Badger owns 229,954 shares of Common Stock and 29,954 Warrants." This adjustment comes after a series of transactions, including the transfer of shares among the reporting persons.

Impact

This update may affect various stakeholders, including current and potential investors in Guerrilla RF, as it reflects the confidence and strategic direction of Salem Investment Partners V and its affiliates. The changes in ownership stakes could influence market perceptions of Guerrilla RF's stability and growth potential.

What's Next

The filing does not say what happens next, leaving stakeholders to speculate on potential future actions by Salem and its affiliates regarding their investments in Guerrilla RF.