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[8-K] Rimini Street, Inc. (DE) Reports Material Event

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(Neutral)
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(Neutral)
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8-K
Rhea-AI Filing Summary

Schedule 13G Filing Overview: Tong Wu has filed a Schedule 13G indicating passive beneficial ownership of Armlogi Holding Corp. (CUSIP 042255109) common stock.

  • Shares held: 3,460,000
  • Ownership percentage: 8.2 % of the 42,250,934 shares outstanding as of 30 June 2025
  • Voting & dispositive power: Sole power over all reported shares; no shared power
  • Filing type: Rule 13d-1(c) passive investor report (Schedule 13G)
  • Event date: 30 June 2025â€�Signature date: 09 July 2025

This filing signals that Mr. Wu has crossed the 5 % threshold and now ranks among the company’s largest shareholders. No additional transactions, purchase prices, or strategic intentions are disclosed, and the filer certifies the information as true and complete.

Panoramica sulla presentazione del Modulo 13G: Tong Wu ha presentato un Modulo 13G indicando una proprietà beneficiaria passiva delle azioni ordinarie di Armlogi Holding Corp. (CUSIP 042255109).

  • Azioni detenute: 3.460.000
  • Percentuale di proprietà: 8,2 % delle 42.250.934 azioni in circolazione al 30 giugno 2025
  • Potere di voto e dispositivi: Potere esclusivo su tutte le azioni dichiarate; nessun potere condiviso
  • Tipo di presentazione: Rapporto investitore passivo secondo la Regola 13d-1(c) (Modulo 13G)
  • Data dell’evento: 30 giugno 2025â€�Data della firma: 09 luglio 2025

Questa comunicazione indica che il Sig. Wu ha superato la soglia del 5% e ora figura tra i maggiori azionisti della società. Non sono state divulgate ulteriori transazioni, prezzi di acquisto o intenzioni strategiche, e il dichiarante certifica che le informazioni sono veritiere e complete.

Resumen de la presentación del Anexo 13G: Tong Wu ha presentado un Anexo 13G indicando una propiedad beneficiaria pasiva de las acciones ordinarias de Armlogi Holding Corp. (CUSIP 042255109).

  • Acciones en posesión: 3,460,000
  • Porcentaje de propiedad: 8.2 % de las 42,250,934 acciones en circulación al 30 de junio de 2025
  • Poder de voto y disposición: Poder exclusivo sobre todas las acciones reportadas; sin poder compartido
  • Tipo de presentación: Informe de inversor pasivo según la Regla 13d-1(c) (Anexo 13G)
  • Fecha del evento: 30 de junio de 2025â€�Fecha de la firma: 09 de julio de 2025

Esta presentación indica que el Sr. Wu ha superado el umbral del 5 % y ahora es uno de los principales accionistas de la compañía. No se divulgan transacciones adicionales, precios de compra ni intenciones estratégicas, y el declarante certifica que la información es verdadera y completa.

스케ì¤� 13G 제출 개요: Tong WuëŠ� Armlogi Holding Corp. (CUSIP 042255109) ë³´í†µì£¼ì— ëŒ€í•� 수ë™ì � 실소유권ì� 나타내는 스케ì¤� 13Gë¥� 제출했습니다.

  • 보유 ì£¼ì‹ ìˆ�: 3,460,000ì£�
  • 소유 ì§€ë¶� 비율: 2025ë…� 6ì›� 30ì� 기준 발행 ì£¼ì‹ 42,250,934ì£¼ì˜ 8.2%
  • ì˜ê²°ê¶� ë°� 처분 권한: ë³´ê³ ë� 모든 주ì‹ì—� 대í•� ë‹¨ë… ê¶Œí•œ; ê³µë™ ê¶Œí•œ ì—†ìŒ
  • 제출 유형: 규칙 13d-1(c) ìˆ˜ë™ íˆ¬ìžìž� ë³´ê³ ì„� (스케ì¤� 13G)
  • 사건 ì¼ìž: 2025ë…� 6ì›� 30ì¼â€�서명 ì¼ìž: 2025ë…� 7ì›� 9ì�

ì� ì œì¶œì€ Wu 씨가 5% 임계치를 넘었으며 현재 회사ì� 주요 주주 ì¤� í•� 명임ì� 나타냅니ë‹�. 추가 거래, 매입 ê°€ê²� ë˜ëŠ” ì „ëžµì � ì˜ë„ëŠ� 공개ë˜ì§€ 않았으며, 제출ìžëŠ” ì •ë³´ê°€ 진실하고 ì™„ì „í•¨ì„ ì¸ì¦í•©ë‹ˆë‹�.

Présentation du formulaire Schedule 13G : Tong Wu a déposé un Schedule 13G indiquant une propriété bénéficiaire passive des actions ordinaires d’Armlogi Holding Corp. (CUSIP 042255109).

  • Actions détenues : 3 460 000
  • Pourcentage de propriété : 8,2 % des 42 250 934 actions en circulation au 30 juin 2025
  • Pouvoir de vote et de disposition : Pouvoir exclusif sur toutes les actions déclarées ; aucun pouvoir partagé
  • Type de dépôt : Rapport d’investisseur passif selon la règle 13d-1(c) (Schedule 13G)
  • Date de l’événement : 30 juin 2025â€�Date de signature : 09 juillet 2025

Ce dépôt indique que M. Wu a franchi le seuil de 5 % et figure désormais parmi les principaux actionnaires de la société. Aucune transaction supplémentaire, prix d’achat ou intention stratégique n’est divulguée, et le déposant certifie que les informations sont exactes et complètes.

Überblick zur Einreichung des Schedule 13G: Tong Wu hat ein Schedule 13G eingereicht, das eine passive wirtschaftliche Eigentümerschaft an den Stammaktien von Armlogi Holding Corp. (CUSIP 042255109) anzeigt.

  • Haltene Aktien: 3.460.000
  • Eigentumsanteil: 8,2 % von 42.250.934 ausstehenden Aktien zum 30. Juni 2025
  • Stimm- und Verfügungsrechte: Alleinige Macht über alle gemeldeten Aktien; keine geteilte Macht
  • Art der Einreichung: Regel 13d-1(c) passiver Investorenbericht (Schedule 13G)
  • Datum des Ereignisses: 30. Juni 2025â€�Datum der Unterschrift: 09. Juli 2025

Diese Einreichung signalisiert, dass Herr Wu die 5%-Schwelle überschritten hat und nun zu den größten Aktionären des Unternehmens gehört. Es werden keine weiteren Transaktionen, Kaufpreise oder strategischen Absichten offengelegt, und der Einreicher bestätigt die Angaben als wahr und vollständig.

Positive
  • Increased institutional-style stake may signal investor confidence and could enhance share-price stability through committed ownership.
Negative
  • Ownership concentration gives a single investor significant voting influence, which could sway outcomes if future intent changes.

Insights

TL;DR: Passive 8.2 % stake adds notable shareholder but reveals no strategic plans—market impact likely modest.

The 13G shows Tong Wu controls 3.46 million shares, giving him a meaningful minority stake. Because it is a 13G (not 13D), he certifies no activist intent, suggesting a passive investment. The stake’s size could improve float stability and signal confidence in BTOC, yet without transaction data we cannot assess entry price or profitability. Overall, the filing is informational rather than transformative and should be viewed as neutral for valuation in the near term.

TL;DR: New 8.2 % holder may influence governance voting; passive status limits immediate control risk.

An individual investor now owns over 8 % of outstanding shares with sole voting rights, potentially affecting shareholder meetings where attendance is low. However, by choosing Schedule 13G, Mr. Wu affirms no intent to direct company policy, merge, or seek board seats. Governance risk remains limited unless the filing is later amended to 13D. Investors should monitor future filings for shifts in intent or additional accumulation.

Panoramica sulla presentazione del Modulo 13G: Tong Wu ha presentato un Modulo 13G indicando una proprietà beneficiaria passiva delle azioni ordinarie di Armlogi Holding Corp. (CUSIP 042255109).

  • Azioni detenute: 3.460.000
  • Percentuale di proprietà: 8,2 % delle 42.250.934 azioni in circolazione al 30 giugno 2025
  • Potere di voto e dispositivi: Potere esclusivo su tutte le azioni dichiarate; nessun potere condiviso
  • Tipo di presentazione: Rapporto investitore passivo secondo la Regola 13d-1(c) (Modulo 13G)
  • Data dell’evento: 30 giugno 2025â€�Data della firma: 09 luglio 2025

Questa comunicazione indica che il Sig. Wu ha superato la soglia del 5% e ora figura tra i maggiori azionisti della società. Non sono state divulgate ulteriori transazioni, prezzi di acquisto o intenzioni strategiche, e il dichiarante certifica che le informazioni sono veritiere e complete.

Resumen de la presentación del Anexo 13G: Tong Wu ha presentado un Anexo 13G indicando una propiedad beneficiaria pasiva de las acciones ordinarias de Armlogi Holding Corp. (CUSIP 042255109).

  • Acciones en posesión: 3,460,000
  • Porcentaje de propiedad: 8.2 % de las 42,250,934 acciones en circulación al 30 de junio de 2025
  • Poder de voto y disposición: Poder exclusivo sobre todas las acciones reportadas; sin poder compartido
  • Tipo de presentación: Informe de inversor pasivo según la Regla 13d-1(c) (Anexo 13G)
  • Fecha del evento: 30 de junio de 2025â€�Fecha de la firma: 09 de julio de 2025

Esta presentación indica que el Sr. Wu ha superado el umbral del 5 % y ahora es uno de los principales accionistas de la compañía. No se divulgan transacciones adicionales, precios de compra ni intenciones estratégicas, y el declarante certifica que la información es verdadera y completa.

스케ì¤� 13G 제출 개요: Tong WuëŠ� Armlogi Holding Corp. (CUSIP 042255109) ë³´í†µì£¼ì— ëŒ€í•� 수ë™ì � 실소유권ì� 나타내는 스케ì¤� 13Gë¥� 제출했습니다.

  • 보유 ì£¼ì‹ ìˆ�: 3,460,000ì£�
  • 소유 ì§€ë¶� 비율: 2025ë…� 6ì›� 30ì� 기준 발행 ì£¼ì‹ 42,250,934ì£¼ì˜ 8.2%
  • ì˜ê²°ê¶� ë°� 처분 권한: ë³´ê³ ë� 모든 주ì‹ì—� 대í•� ë‹¨ë… ê¶Œí•œ; ê³µë™ ê¶Œí•œ ì—†ìŒ
  • 제출 유형: 규칙 13d-1(c) ìˆ˜ë™ íˆ¬ìžìž� ë³´ê³ ì„� (스케ì¤� 13G)
  • 사건 ì¼ìž: 2025ë…� 6ì›� 30ì¼â€�서명 ì¼ìž: 2025ë…� 7ì›� 9ì�

ì� ì œì¶œì€ Wu 씨가 5% 임계치를 넘었으며 현재 회사ì� 주요 주주 ì¤� í•� 명임ì� 나타냅니ë‹�. 추가 거래, 매입 ê°€ê²� ë˜ëŠ” ì „ëžµì � ì˜ë„ëŠ� 공개ë˜ì§€ 않았으며, 제출ìžëŠ” ì •ë³´ê°€ 진실하고 ì™„ì „í•¨ì„ ì¸ì¦í•©ë‹ˆë‹�.

Présentation du formulaire Schedule 13G : Tong Wu a déposé un Schedule 13G indiquant une propriété bénéficiaire passive des actions ordinaires d’Armlogi Holding Corp. (CUSIP 042255109).

  • Actions détenues : 3 460 000
  • Pourcentage de propriété : 8,2 % des 42 250 934 actions en circulation au 30 juin 2025
  • Pouvoir de vote et de disposition : Pouvoir exclusif sur toutes les actions déclarées ; aucun pouvoir partagé
  • Type de dépôt : Rapport d’investisseur passif selon la règle 13d-1(c) (Schedule 13G)
  • Date de l’événement : 30 juin 2025â€�Date de signature : 09 juillet 2025

Ce dépôt indique que M. Wu a franchi le seuil de 5 % et figure désormais parmi les principaux actionnaires de la société. Aucune transaction supplémentaire, prix d’achat ou intention stratégique n’est divulguée, et le déposant certifie que les informations sont exactes et complètes.

Überblick zur Einreichung des Schedule 13G: Tong Wu hat ein Schedule 13G eingereicht, das eine passive wirtschaftliche Eigentümerschaft an den Stammaktien von Armlogi Holding Corp. (CUSIP 042255109) anzeigt.

  • Haltene Aktien: 3.460.000
  • Eigentumsanteil: 8,2 % von 42.250.934 ausstehenden Aktien zum 30. Juni 2025
  • Stimm- und Verfügungsrechte: Alleinige Macht über alle gemeldeten Aktien; keine geteilte Macht
  • Art der Einreichung: Regel 13d-1(c) passiver Investorenbericht (Schedule 13G)
  • Datum des Ereignisses: 30. Juni 2025â€�Datum der Unterschrift: 09. Juli 2025

Diese Einreichung signalisiert, dass Herr Wu die 5%-Schwelle überschritten hat und nun zu den größten Aktionären des Unternehmens gehört. Es werden keine weiteren Transaktionen, Kaufpreise oder strategischen Absichten offengelegt, und der Einreicher bestätigt die Angaben als wahr und vollständig.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
July 9, 2025 (July 7, 2025)
Date of Report (date of earliest event reported)

Rimini Street, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware001-3739736-4880301
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification Number)
 
1700 S. Pavilion Center Drive, Suite 330
Las Vegas, NV 89135
(Address of principal executive offices) (Zip Code)
 
(702) 839-9671
(Registrant’s telephone number, including area code)
 

(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class:Trading Symbol(s)Name of each exchange on which registered:
Common Stock, par value $0.0001 per shareRMNIThe Nasdaq Global Market

 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter.
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



ITEM 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On July 7, 2025 (the “Effective Date”), Rimini Street, Inc. (Rimini” or the “Company”) and its President, Chief Executive Officer and Chairman of the Board, Seth A. Ravin (“Ravin”), entered into a confidential settlement agreement (the “Settlement Agreement”) with Oracle Corporation and certain of its affiliates (collectively, “Oracle”) (and all signatories collectively the “Parties”). If all Parties complete their agreed upon responsibilities, the Settlement Agreement will allow for the final resolution and ultimate dismissal of Case Number 2:14-cv-01699-MMD-DJA (“Rimini II”), which is currently before the United States District Court for the District of Nevada (the “District Court”) for further proceedings, following remand from the Ninth Circuit Court of Appeals (the “Ninth Circuit”). The Parties entered into the Settlement Agreement to provide a full, final, complete and global settlement of the subject matter of the Rimini II case.

Oracle Litigation Background
Over the past fifteen years, Rimini and Oracle have been parties in two different U.S. Federal court cases, referred to as “Rimini I” and “Rimini II.” Rimini’s litigation with Oracle has been primarily related to the manner in which Rimini provided certain support services to a subset of Rimini’s clients that are licensees to Oracle’s enterprise software, certain Rimini actions involving Oracle copyright notices, and certain Rimini public statements. The Ninth Circuit held that Rimini offered third-party support in lawful competition with Oracle’s direct maintenance services.

Rimini I
In January 2010, Oracle commenced litigation against Rimini in the District Court, Oracle USA, Inc. v. Rimini, No. 2:10-cv-00106 (D. Nev.) (“Rimini I”). The litigation has run its course through trial and all appeals. A permanent injunction was entered by the District Court in 2018 (“Rimini I Injunction”) and remains in effect, defining the manner in which Rimini can provide support services for certain Oracle product lines (but not prohibiting Rimini support of any Oracle products).

Rimini II
In October 2014, Rimini commenced litigation against Oracle in Rimini II, and Oracle brought counterclaims against Rimini and Ravin. Following trial in 2022 and a merits appeal to and ruling by the Ninth Circuit, the Rimini II matter was remanded to the District Court to resolve Oracle’s claims related solely to the manner in which Rimini provided certain support services to a subset of Rimini’s Oracle PeopleSoft clients and – in light of the judgment reversals made in favor of Rimini by the Ninth Circuit – which included vacating the underlying copyright infringement judgment – resolve the disposition of approximately $58.7 million in attorneys’ fees and costs, including post-judgment interest of approximately $0.2 million, paid by Rimini to Oracle in late 2024.

On April 24, 2025, the District Court issued a permanent injunction (the “Rimini II Injunction”) requiring Rimini to comply with the Digital Millennium Copyright Act and refrain from making four statements – none of which are part of Rimini’s current marketing.

Oracle PeopleSoft Services Wind Down
On July 31, 2024, Rimini announced during its fiscal second quarter earnings call that it had unilaterally decided to wind down its offering of support and services for Oracle PeopleSoft software, and the Company repeated that decision during subsequent earnings calls held on October 30, 2024 and May 1, 2025. At the time of the Company’s announcement on July 31, 2024, the annual revenue associated with the Company’s provision of services for Oracle’s PeopleSoft products was approximately $30 million.

The Settlement Agreement
The Settlement Agreement provides, in part, that:

No Parties admit any liability or wrongdoing.

No later than July 9, 2025, Oracle will remit back to Rimini approximately $37.8 million of the approximately $58.7 million in attorneys’ fees and costs Rimini paid to Oracle in late 2024, which the Company has agreed will satisfy the District Court’s Order on Fees on Remand dated June 2, 2025. The amount to be remitted back to Rimini includes interest. Oracle will be entitled to retain approximately $22.5 million of the fee award that Rimini previously paid to Oracle. Oracle completed the remit to Rimini on July 8, 2025.

No later than July 22, 2025, the Parties to the Settlement Agreement will jointly move the District Court for a stay of all pending proceedings in the Rimini II litigation and the vacatur of all currently scheduled hearing dates
1


and deadlines. If the District Court declines to enter the stay, within fourteen (14) calendar days of such denial, Oracle shall file with the District Court a motion to dismiss without prejudice the Rimini II case in its entirety.

If, among other obligations, the Company (a) completes its previously announced wind down of its provision of support and services for Oracle’s PeopleSoft software (the “Wind Down”) no later than July 31, 2028 (the “Wind Down Period”), (b) notifies all existing customers for which it supplies such support and services of the Wind Down, (c) provides required quarterly Wind Down progress reports to Oracle with certain agreed-upon information and (d) signs a declaration, under penalty of perjury, affirming that the Wind Down is complete and issues a public statement as to the same, which statement can be in the form of a filing made with the United States Securities and Exchange Commission (the “SEC”), then, within 14 days after the Company certifies to Oracle that the Wind Down has been completed, the Parties will jointly file a stipulation with the District Court to dismiss the Rimini II litigation with prejudice.

During the Wind Down Period, the Parties covenant and agree not to make, initiate, join, take action in connection with, or assert any claim, action, litigation or proceeding of any kind, known or unknown, anywhere in the world against each other during the Wind Down Period based on any claim for conduct at issue in the Rimini I or Rimini II cases that accrued either (i) before the end of the Wind Down Period, if related to PeopleSoft products, or (ii) before the Settlement Agreement Effective Date, if related to any other Oracle product or service (such agreement and covenant, the “Litigation Standstill”), including any new lawsuits, contempt proceedings, actions to enforce the Rimini I Injunction or the Rimini II Injunction, or for discovery. In the event of a breach by any Party that remains uncured after the cure period and leads to the termination of the Settlement Agreement, Oracle may ask the District Court to lift the Litigation Standstill.

The Rimini I Injunction and the Rimini II Injunction shall remain in effect, and the District Court will retain jurisdiction to enforce them.

The Settlement Agreement also contains customary representations, warranties and covenants. The above descriptions of the litigation with Oracle and the Settlement Agreement do not purport to be complete. The Company intends to file a redacted copy of the confidential Settlement Agreement as an exhibit to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

Please see the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as filed with the SEC on May 1, 2025, for additional information and disclosures regarding the Company’s litigation with Oracle.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
 
(d)    Exhibits.

Exhibit No.
Exhibit Title
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
2


SIGNATURES
 
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 RIMINI STREET, INC.
   
   
Dated: July 9, 2025
By:/s/ Seth A. Ravin
  Name:  Seth A. Ravin
  Title:  President, Chief Executive Officer and Chairman of the Board

3

FAQ

How many Armlogi (BTOC) shares does Tong Wu own?

He owns 3,460,000 common shares.

What percentage of Armlogi’s outstanding stock does this represent?

The stake equals 8.2 % of the 42.25 million shares outstanding.

Is Tong Wu acting as an activist investor?

No. The filing is on Schedule 13G, indicating a passive investment with no activist intentions disclosed.

Does Tong Wu share voting or dispositive power with others?

No. He has sole voting and dispositive power over all reported shares.

When did the ownership level that triggered this filing occur?

The reportable event date is 30 June 2025, with the filing signed on 09 July 2025.
Rimini Street

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