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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Park Dental Partners, Inc. (Name of Issuer) |
Common Stock (Title of Class of Securities) |
700402100 (CUSIP Number) |
12/31/2025 (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)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 700402100 |
| 1 | Names of Reporting Persons
AO Partners I, LP | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
61,538.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
1.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. | 700402100 |
| 1 | Names of Reporting Persons
Park Investors LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
169,231.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
4.1 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. | 700402100 |
| 1 | Names of Reporting Persons
AO Partners LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
61,538.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
1.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. | 700402100 |
| 1 | Names of Reporting Persons
Swenson Nicholas John | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
230,769.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
5.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Park Dental Partners, Inc. | |
| (b) | Address of issuer's principal executive offices:
2200 COUNTY ROAD C WEST, SUITE 2210, ROSEVILLE, Minnesota, 55113 | |
| Item 2. | ||
| (a) | Name of person filing:
AO Partners I, LP
Nicholas John Swenson
Park Investors LLC
AO Partners LLC | |
| (b) | Address or principal business office or, if none, residence:
The business address of each reporting person is: 5000 W 36th Street, Suite 200, Minneapolis, MN 55416 | |
| (c) | Citizenship:
Each entity was organized in Delaware. Mr. Swenson is a U.S. citizen. | |
| (d) | Title of class of securities:
Common Stock | |
| (e) | CUSIP No.:
700402100 | |
| 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) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
230,769 | |
| (b) | Percent of class:
5.6 %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
0 | ||
| (ii) Shared power to vote or to direct the vote:
230,769 Nicholas John Swenson
169,231 Park Investors LLC
61,538 AO Partners I LP
61,538 AO Partners LLC | ||
| (iii) Sole power to dispose or to direct the disposition of:
0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
230,769 Nicholas John Swenson
169,231 Park Investors LLC
61,538 AO Partners I LP
61,538 AO Partners LLC | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| 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
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| Item 8. | Identification and Classification of Members of the Group. | |
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1. | ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
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, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit 99.1
Exhibit 99.2 |
Exhibit 99.1
ITEM 8 INFORMATION
AO Partners I, LP is a private investment vehicle, and AO Partners LLC is the General Partner of AO Partners I, LP,
and has the power to direct the affairs of AO Partners I, LP, including the voting and disposition of shares of Common Stock held in the name of AO Partners I, LP. In turn, because Mr. Swenson is the Manager of AO Partners LLC, the General Partner
of AO Partners I, LP, he has the power to direct the affairs of AO Partners I, LP, including the voting and disposition of shares of Common Stock held in the name of AO Partners I, LP.
Park Investors LLC is a private investment vehicle, and AO Partners LLC is the Manager of Park Investors LLC, and
has the power to direct the affairs of Park Investors LLC, including the voting and disposition of shares of Common Stock held in the name of Park Investors LLC. In turn, because Mr. Swenson is the Manager of AO Partners LLC, the Manager of Park
Investors LLC, he has the power to direct the affairs of Park Investors LLC, including the voting and disposition of shares of Common Stock held in the name of Park Investors LLC.
Exhibit 99.2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned
agree to the joint filing on behalf of each of them of a Schedule 13G (including any and all amendments thereto) with respect to the common stock, par value $0.0001 per share, of Park Dental Partners, Inc. and further agree that this Joint Filing
Agreement shall be included as an Exhibit to such joint filing(s).
The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule
13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other
party, unless such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each
counterpart were upon the same instrument.
IN WITNESS
WHEREOF, the undersigned have executed this Joint Filing Agreement as of February 17, 2026.
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AO PARTNERS I, LP
By: /s/ Nicholas J. Swenson
Nicholas J. Swenson
Manager of AO Partners, LLC
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PARK INVESTORS LLC
By: /s/ Nicholas J. Swenson
Nicholas J. Swenson
Manager of AO Partners, LLC
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AO PARTNERS LLC
By: /s/ Nicholas J. Swenson
Nicholas J. Swenson
Manager
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NICHOLAS J. SWENSON
/s/ Nicholas J. Swenson
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