Veradace Capital Management LLC, et al. – ‘SC 13G/A’ on 2/16/21 re: Butler National Corp.

On:  Tuesday, 2/16/21, at 5:10pm ET   ·   Accession #:  1772351-21-1   ·   File #:  5-06980

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Amendment to Statement of Acquisition of Beneficial Ownership by a “Passive” Investor   —   Sch. 13G   —   WA’68
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    13G                                                    7±    27K 
 2: SC 13G/A    13G -- VCM13G21                                      PDF    206K 

‘SC 13G/A’   —   13G
Document Table of Contents

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

SCHEDULE 13G                                                                    
Under the Securities Exchange Act of 1934                                       
(Amendment No.1)*                                                               

Butler National Corporation                                                     
(Name of Issuer)                                                                
Common Stock                                                                    
(Title of Class of Securities)                                                  
123720104                                                                       
(CUSIP Number)                                                                  
June 12, 2020                                                                   
(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)                                                                
[x]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       
the disclosures provided in a prior cover page.The information required         
in 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).         

CUSIP No. 123720104                                                             
1.                                                                            
Names of Reporting Persons.                                                     
Veradace Capital Management LLC                                               
2.                                                                            
Check the Appropriate Box if a Member of a Group (See Instructions)             
(a) [ ]                                                                         
(b) [x]                                                                         
3.                                                                            
SEC Use Only                                                                    
4.                                                                            
Citizenship or Place of Organization                                            
Delaware                                                                        
Number of Shares Beneficially Owned by Each Reporting Person With:              
5.                                                                              
Sole Voting Power                                                               
0                                                                         

6.                                                                              
Shared Voting Power                                                             
6,838,712                                                                       

7.                                                                              
Sole Dispositive Power                                                          
0                                                                         

8.                                                                              
Shared Dispositive Power                                                        
6,838,712                                                                       
9.                                                                            
Aggregate Amount Beneficially Owned by Each Reporting Person                    
6,838,712                                                                       
10.                                                                             
Check if the Aggregate Amount in Row (9)                                        
Excludes Certain Shares (See Instructions)[ ]                                   
11.                                                                             
Percent of Class Represented by Amount in Row (9)                               
9.24 %                                                                          
12.                                                                             
Type of Reporting Person (See Instructions)                                     
PN, IA                                                                        

CUSIP No. 123720104                                                             
1.                                                                            
Names of Reporting Persons.                                                     
Veradace Partners L.P.                                                        
2.                                                                            
Check the Appropriate Box if a Member of a Group (See Instructions)             
(a) [ ]                                                                         
(b) [x]                                                                         
3.                                                                            
SEC Use Only                                                                    
4.                                                                            
Citizenship or Place of Organization                                            
Delaware                                                                        
Number of Shares Beneficially Owned by Each Reporting Person With:              
5.                                                                              
Sole Voting Power                                                               
0                                                                         

6.                                                                              
Shared Voting Power                                                             
6,838,712                                                                       

7.                                                                              
Sole Dispositive Power                                                          
0                                                                         

8.                                                                              
Shared Dispositive Power                                                        
6,838,712                                                                       
9.                                                                            
Aggregate Amount Beneficially Owned by Each Reporting Person                    
6,838,712                                                                       
10.                                                                             
Check if the Aggregate Amount in Row (9)                                        
Excludes Certain Shares (See Instructions)[ ]                                   
11.                                                                             
Percent of Class Represented by Amount in Row (9)                               
9.24%                                                                           
12.                                                                             
Type of Reporting Person (See Instructions)                                     
PN                                                                            

CUSIP No. 123720104                                                             
1.                                                                            
Names of Reporting Persons.                                                     
John Conlin                                                                     
2.                                                                            
Check the Appropriate Box if a Member of a Group (See Instructions)             
(a) [ ]                                                                         
(b) [x]                                                                         
3.                                                                            
SEC Use Only                                                                    
4.                                                                            
Citizenship or Place of Organization                                            
United States of America                                                        
Number of Shares Beneficially Owned by Each Reporting Person With:              
5.                                                                              
Sole Voting Power                                                               
0                                                                           

6.                                                                              
Shared Voting Power                                                             
6,838,712                                                                       
With:                                                                           
7.                                                                              
Sole Dispositive Power                                                          
0                                                                         

8.                                                                              
Shared Dispositive Power                                                        
6,838,712                                                                       
9.                                                                            
Aggregate Amount Beneficially Owned by Each Reporting Person                    
6,838,712                                                                       
10.                                                                             
Check if the Aggregate Amount in Row (9)                                        
Excludes Certain Shares (See Instructions)[ ]                                   
11.                                                                             
Percent of Class Represented by Amount in Row (9)                               
9.24%                                                                           
12.                                                                             
Type of Reporting Person (See Instructions)                                     
IN, HC                                                                        

CUSIP No. 123720104                                                             
1.                                                                            
Names of Reporting Persons.                                                     
Alexander Vezendan                                                              
2.                                                                            
Check the Appropriate Box if a Member of a Group (See Instructions)             
(a) [ ]                                                                         
(b) [x]                                                                         
3.                                                                            
SEC Use Only                                                                    
4.                                                                            
Citizenship or Place of Organization                                            
United States of America                                                      
Number of Shares Beneficially Owned by Each Reporting Person With:              
5.                                                                              
Sole Voting Power                                                               
0                                                                           

6.                                                                              
Shared Voting Power                                                             
6,838,713                                                                       

7.                                                                              
Sole Dispositive Power                                                          
0                                                                           

8.                                                                              
Shared Dispositive Power                                                        
6,838,713                                                                       
9.                                                                            
Aggregate Amount Beneficially Owned by Each Reporting Person                    
6,838,713                                                                       
10.                                                                             
Check if the Aggregate Amount in Row (9)                                        
Excludes Certain Shares (See Instructions)[ ]                                   

11.                                                                             
Percent of Class Represented by Amount in Row (9)                               
9.24%                                                                           
12.                                                                             
Type of Reporting Person (See Instructions)                                     
IN, HC                                                                        

Item  1.                                                                        
(a) Name of Issuer                                                              
Butler National Corporation                                                     

(b) Address of Issuer's Principal Executive Offices                             

19920 W 161st Street, Olathe, KS 66062, USA                                     

Item 2.                                                                         
(a) Name of Persons Filing                                                      
This statement is being jointly filed by and on behalf of each of               
each of Veradace Capital Management LLC, a Delaware limited liability           
company ("Veradace"),Veradace Partners L.P., a Delaware limited partnership     
(the "Fund"), Alexander Vezendan, and John Conlin.                              

The Fund is the record and direct beneficial owner of the securities            
covered by this statement. As the investment adviser to the Fund, Veradace      
may be deemed to beneficially own the securities covered by this statement.     
Messrs. Vezendan and Conlin are the Principals of, and may be deemed            
to beneficially own securities owned by, Veradace.                              

Each reporting person declares that neither the filing of this statement        
nor anything herein shall be construed as an admission that such person is,     
for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the 
beneficial owner of any securities covered by this statement.                   

Each reporting person may be deemed to be a member of a group                   
with respect to the issuer or securities of the issuer for the purposes of      
Section 13(d) or 13(g) of the Act. Each reporting person declares               
that neither the filing of this statement nor anything herein shall be          
construed as an admission that such person is, for the purposes of              
Section 13(d) or 13(g) of the Act or any other purpose, (i) acting              
(or has agreed or is agreeing to act together with any other person)            
as a partnership, limited partnership, syndicate, or other group for            
the purpose of acquiring, holding, or disposing of securities of                
the issuer or otherwise with respect to the issuer or any securities            
of the issuer or (ii) a member of any group with respect to                     
the issuer or any securities of the issuer.                                     

(b)     Address of Principal Business Office or, if none, Residence.            
2626 Cole Avenue, Dallas, Texas, 75204                                          
(c)     Citizenship                                                             
See Item 4 on the cover page(s) hereto.                                         
(d)     Title of Class of Securities                                            
Common Stock                                                                    
(e)     CUSIP Number                                                            
123720104                                                                       

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 (15U.S.C.78o); 
(b)[ ] A bank as defined in Section 3(a)(6) of the Act (15U.S.C.78c);           
(c)[ ] An insurance company as defined in Section 3(a)(19)                      
of the Act (15 U.S.C. 78c);                                                     
(d)[ ] An investment company registered under Section 8 of the                  
Investment Company Act of 1940 (15 U.S.C.80a-8);                                
(e)[ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);         
(f)[ ] An employee benefit plan or endowment fund in accordance with            
240.13d-1(b)(1)(ii)(F);                                                         
(g)[ ] A parent holding company or control person in accordance with            
240.13d-1(b)(1)(ii)(G);                                                         
(h)[ ] A savings associations as defined in Section 3(b) of the                 
Federal Deposit Insurance Act (12 U.S.C. 1813);                                 
(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);                                                  
(j)[ ] A non -U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);       
(k)[ ] A group, in accordance with 240.13d-1(b)(1)(ii)(K).                      

If filing as a non-U.S. institution in accordance with                  
Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:                

Item 4. Ownership.                                                              
(a)     Amount beneficially owned: See Item 9 on the cover page(s) hereto.      
(b)     Percent of class: See Item 11 on the cover page(s) hereto.              
(c)     Number of shares as to which such person has:                           
(i)     Sole power to vote or to direct the vote: See Item 5                    
on the cover page(s) hereto.                                                    
(ii)    Shared power to vote or to direct the vote: See Item 6                  
on the cover page(s) hereto.                                                    
(iii)   Sole power to dispose or to direct the disposition of: See Item 7       
on the cover page(s) hereto.                                                    
(iv)    Shared power to dispose or to direct the disposition of: See Item 8     
on the cover page(s) hereto.                                                    

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 [ ].  

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. 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.                                   

February 16, 2021                                                               

Veradace Capital Management LLC                                                 

By:/s/ Alexander Vezendan                                   

Name:  Alexander Vezendan                                                       
Title: Principal                                                                

Veradace Partners L.P.                                                          

By: Veradace Capital Management LLC                                             
its general partner                                                             

By:/s/ Alexander Vezendan                                   

Name:  Alexander Vezendan                                                       
Title: Principal                                                                

Alexander Vezendan                                                              

/s/ Alexander Vezendan                                                          

John Conlin                                                                     

/s/ John Conlin                                                                 

EXHIBIT INDEX                                                                   

Exhibit         Description of Exhibit                                          

99.1    Joint Filing Agreement (incorporated herein by reference to             
Exhibit 99.1 to the Schedule 13G, as amended, filed on                          
June 19, 2020 by the reporting persons with the Securities and Exchange         
Commission).                                                                    

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		2/16/21
		6/19/20		SC 13G
		6/12/20
				List all Filings