<SEC-DOCUMENT>0001062993-25-013544.txt : 20250805
<SEC-HEADER>0001062993-25-013544.hdr.sgml : 20250805
<ACCEPTANCE-DATETIME>20250805072008
ACCESSION NUMBER:		0001062993-25-013544
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250805
DATE AS OF CHANGE:		20250805

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S GLOBAL INVESTORS INC
		CENTRAL INDEX KEY:			0000754811
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		EIN:				741598370
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-37411
		FILM NUMBER:		251182799

	BUSINESS ADDRESS:	
		STREET 1:		7900 CALLAGHAN RD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229
		BUSINESS PHONE:		2103081234

	MAIL ADDRESS:	
		STREET 1:		7900 CALLAGHAN ROAD
		CITY:			SAN ANTONIO
		STATE:			TX
		ZIP:			78229

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED SERVICES ADVISORS INC /TX/
		DATE OF NAME CHANGE:	19950321

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Gator Capital Management, LLC
		CENTRAL INDEX KEY:			0001570284
		ORGANIZATION NAME:           	
		EIN:				262325167
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		2502 N. ROCKY POINT DR.
		STREET 2:		SUITE 665
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33607
		BUSINESS PHONE:		813-282-7870

	MAIL ADDRESS:	
		STREET 1:		2502 N. ROCKY POINT DR.
		STREET 2:		SUITE 665
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33607
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
	<headerData>
		<submissionType>SCHEDULE 13G/A</submissionType>
		<previousAccessionNumber/>
		<filerInfo>
			<filer>
				<filerCredentials>
					<cik>0001570284</cik>
					<ccc>XXXXXXXX</ccc>
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			<liveTestFlag>LIVE</liveTestFlag>



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	</headerData>
	<formData>
		<coverPageHeader>
			<amendmentNo>1</amendmentNo>
			<securitiesClassTitle>CLASS A</securitiesClassTitle>
			<eventDateRequiresFilingThisStatement>05/25/2025</eventDateRequiresFilingThisStatement>
			<issuerInfo>
				<issuerCik>0000754811</issuerCik>
				<issuerName>U.S. GLOBAL INVESTORS, INC.</issuerName>
				<issuerCusip>902952100</issuerCusip>
				<issuerPrincipalExecutiveOfficeAddress>
					<com:street1>7900 Callaghan Road</com:street1>
					<com:city>San Antonio</com:city>
					<com:stateOrCountry>TX</com:stateOrCountry>
					<com:zipCode>78299</com:zipCode>
				</issuerPrincipalExecutiveOfficeAddress>
			</issuerInfo>
			<designateRulesPursuantThisScheduleFiled>
				<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
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			<reportingPersonName>Gator Capital Management, LLC</reportingPersonName>
			<citizenshipOrOrganization>DE</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>684223</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>684223</sharedDispositivePower>
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			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>684223</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>6.18</classPercent>
			<typeOfReportingPerson>IA</typeOfReportingPerson>
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			<reportingPersonName>Derek Pilecki</reportingPersonName>
			<citizenshipOrOrganization>X1</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>684223</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>684223</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>684223</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>6.18</classPercent>
			<typeOfReportingPerson>HC</typeOfReportingPerson>
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			<reportingPersonName>Gator Financial Partners, LLC</reportingPersonName>
			<citizenshipOrOrganization>DE</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>625223</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>625223</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>625223</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>5.64</classPercent>
			<typeOfReportingPerson>OO</typeOfReportingPerson>
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			<reportingPersonName>ECA Fund, LP</reportingPersonName>
			<citizenshipOrOrganization>TX</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>0</soleVotingPower>
				<sharedVotingPower>53000</sharedVotingPower>
				<soleDispositivePower>0</soleDispositivePower>
				<sharedDispositivePower>53000</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>53000</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>0.48</classPercent>
			<typeOfReportingPerson>PN</typeOfReportingPerson>
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		<items>
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				<issuerName>U.S. GLOBAL INVESTORS, INC.</issuerName>
				<issuerPrincipalExecutiveOfficeAddress>7900 Callaghan Road, San Antonio, TEXAS 78299</issuerPrincipalExecutiveOfficeAddress>
			</item1>
			<item2>
				<filingPersonName>Gator Capital Management, LLC
Derek Pilecki
Gator Financial Partners, LLC
ECA Fund, LP</filingPersonName>
				<principalBusinessOfficeOrResidenceAddress>2502 N. Rocky Point Dr.
Ste 665
Tampa, FL 33607</principalBusinessOfficeOrResidenceAddress>
				<citizenship>Gator Capital Management, LLC is a Delaware limited liability company
Derek Pilecki is a United States citizen
Gator Financial Partners, LLC is a Delaware limited liability company
ECA Fund, LP a Texas Limited Partnership</citizenship>
			</item2>
			<item3>
				<notApplicableFlag>Y</notApplicableFlag>
			</item3>
			<item4>
				<amountBeneficiallyOwned>Gator Capital Management, LLC 684,223
Derek Pilecki 684,223
Gator Financial Partners, LLC 625,223
ECA Fund, LP 53,000</amountBeneficiallyOwned>
				<classPercent>Gator Capital Management, LLC 6.18%
Derek Pileck 6.18%
Gator Financial Partners, LLC 5.64%
ECA Fund, LP 0.48%.</classPercent>
				<numberOfSharesPersonHas>
					<solePowerOrDirectToVote>N/A
N/A
N/A</solePowerOrDirectToVote>
					<sharedPowerOrDirectToVote>Gator Capital Management, LLC 684,223
Derek Pilecki 684,223
Gator Financial Partners, LLC 625,223
ECA Fund, LP 53,000</sharedPowerOrDirectToVote>
					<solePowerOrDirectToDispose>N/A
N/A
N/A</solePowerOrDirectToDispose>
					<sharedPowerOrDirectToDispose>Gator Capital Management, LLC 684,223
Derek Pilecki 684,223
Gator Financial Partners, LLC 625,223
ECA Fund, LP 53,000</sharedPowerOrDirectToDispose>
				</numberOfSharesPersonHas>
			</item4>
			<item5>
				<notApplicableFlag>Y</notApplicableFlag>
			</item5>
			<item6>
				<notApplicableFlag>Y</notApplicableFlag>
			</item6>
			<item7>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item8>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item9>
				<notApplicableFlag>Y</notApplicableFlag>
			</item9>
			<item10>
				<notApplicableFlag>N</notApplicableFlag>
				<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.
</certifications>
			</item10>
		</items>
		<exhibitInfo>Joint Filing Agreement dated June 30, 2025, among Gator Financial Partners, LLC, Gator Capital Management, LLC, Derek Pilecki, and ECA Fund, LP.</exhibitInfo>
		<signatureInformation>
			<reportingPersonName>Gator Capital Management, LLC</reportingPersonName>
			<signatureDetails>
				<signature>Derek Pilecki</signature>
				<title>Managing Member</title>
				<date>06/30/2025</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>Derek Pilecki</reportingPersonName>
			<signatureDetails>
				<signature>Derek Pilecki</signature>
				<title>Individual</title>
				<date>06/30/2025</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>Gator Financial Partners, LLC</reportingPersonName>
			<signatureDetails>
				<signature>Derek Pilecki</signature>
				<title>Managing Member</title>
				<date>06/30/2025</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>ECA Fund, LP</reportingPersonName>
			<signatureDetails>
				<signature>Derek Pilecki</signature>
				<title>Derek Pilecki</title>
				<date>06/30/2025</date>
			</signatureDetails>
		</signatureInformation>
		<signatureComments>After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct.</signatureComments>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EXHIBIT 1
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    <title>Gator Capital Management LLC.: Exhibit 1 - Filed by newsfilecorp.com</title>
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    <p style="text-align: justify; margin-top: 10pt; margin-bottom: 10pt;"><u><b>EXHIBIT 1</b></u></p>
    <p style="text-align: center; margin-top: 10pt; margin-bottom: 10pt;"><b>JOINT FILING AGREEMENT</b></p>
    <p style="text-indent: 24.5pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">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 Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock of U.S. Global Investors, Inc. and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.</p>
    <p style="text-indent: 24.5pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on 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.</p>
    <p style="text-indent: 24.5pt; text-align: justify; margin-top: 10pt; margin-bottom: 10pt;">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.</p>
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