<SEC-DOCUMENT>0001420506-25-000673.txt : 20250321
<SEC-HEADER>0001420506-25-000673.hdr.sgml : 20250321
<ACCEPTANCE-DATETIME>20250321121229
ACCESSION NUMBER:		0001420506-25-000673
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250321
DATE AS OF CHANGE:		20250321

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIQTECH INTERNATIONAL INC
		CENTRAL INDEX KEY:			0001307579
		STANDARD INDUSTRIAL CLASSIFICATION:	MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				201431677
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-84968
		FILM NUMBER:		25759687

	BUSINESS ADDRESS:	
		STREET 1:		INDUSTRIPARKEN 22C
		CITY:			BALLERUP
		STATE:			G7
		ZIP:			DK-2750
		BUSINESS PHONE:		01145 2390 4545

	MAIL ADDRESS:	
		STREET 1:		INDUSTRIPARKEN 22C
		CITY:			BALLERUP
		STATE:			G7
		ZIP:			DK-2750

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Blue Moose Media Inc
		DATE OF NAME CHANGE:	20041101

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bleichroeder LP
		CENTRAL INDEX KEY:			0001781002
		ORGANIZATION NAME:           	
		IRS NUMBER:				842006600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		917-769-2999

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
</SEC-HEADER>
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<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
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	<submissionType>SCHEDULE 13D/A</submissionType>
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		<liveTestFlag>LIVE</liveTestFlag>



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    <coverPageHeader>
		<amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock, $0.001 par value</securitiesClassTitle>
      <dateOfEvent>03/19/2025</dateOfEvent>
      <previouslyFiledFlag>true</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001307579</issuerCIK>
        <issuerCUSIP>53632A201</issuerCUSIP>
        <issuerName>LiqTech International, Inc.</issuerName>
        <address>
          <com:street1>Industriparken 22C, DK 2750</com:street1>
          <com:city>Ballerup</com:city>
          <com:stateOrCountry>G7</com:stateOrCountry>
          <com:zipCode>2750</com:zipCode>
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    	<personName>Bleichroeder LP</personName>
    	<personPhoneNum>(212) 698-3101</personPhoneNum>
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    	<com:street1>1345 Avenue of the Americas, 47 th Floor</com:street1>
    	<com:city>New York</com:city>
    	<com:stateOrCountry>NY</com:stateOrCountry>
    	<com:zipCode>10105</com:zipCode>
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      <reportingPersonNoCIK>N</reportingPersonNoCIK>
      <reportingPersonName>Bleichroeder LP</reportingPersonName>
      <fundType>AF</fundType>
    	<legalProceedings>N</legalProceedings>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
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        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>3182239</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      <aggregateAmountOwned>3182239</aggregateAmountOwned>
      <isAggregateExcludeShares>N</isAggregateExcludeShares>
      <percentOfClass>33.7</percentOfClass>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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    <reportingPersonInfo>
      <reportingPersonNoCIK>Y</reportingPersonNoCIK>
      <reportingPersonName>Bleichroeder Holdings LLC</reportingPersonName>
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        <sharedDispositivePower>0</sharedDispositivePower>
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      <typeOfReportingPerson>HC</typeOfReportingPerson>
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    <reportingPersonInfo>
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      <reportingPersonName>Andrew Gundlach</reportingPersonName>
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        <sharedDispositivePower>0</sharedDispositivePower>
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      <percentOfClass>33.7</percentOfClass>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
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<!-- Items -->
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      <item2>
        <filingPersonName>This Schedule 13D is being filed on behalf of Bleichroeder LP ("Bleichroeder"), with respect to Shares beneficially owned by it.  The general partner of Bleichroeder is Bleichroeder Holdings LLC (the "General Partner").  Andrew Gundlach owns (through a trust) all of the equity interests of the General Partner and is the Chairman and CEO of Bleichroeder.

The foregoing persons are hereinafter sometimes referred to as the Reporting Persons. Any disclosures herein with respect to persons other than the Reporting Persons are made on information believed to be accurate after making inquiry to the appropriate party. Bleichroeder is the investment manager or adviser to funds and/or managed accounts and may be deemed to have beneficial ownership over the Shares directly owned by the funds and managed accounts by virtue of the authority granted to it to vote and to dispose of the securities held by them.
</filingPersonName>
        <principalBusinessAddress>The address of the principal business and principal office of each of the Reporting Persons is 1345 Avenue of the Americas, 47th Floor, New York, NY 10105.
</principalBusinessAddress>
        <principalJob>The principal business of Bleichroeder is to serve as an investment manager or adviser to various investment partnerships and managed accounts. The principal business of the General Partner is to serve as General Partner of Bleichroeder.  The principal business of Mr. Gundlach is to serve as the Chairman and CEO of Bleichroeder.
</principalJob>
        <hasBeenConvicted>During the last five (5) years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
</hasBeenConvicted>
        <convictionDescription>During the last five (5) years, none of Bleichroeder, the General Partner or Mr. Gundlach has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
</convictionDescription>
        <citizenship>Bleichroeder is a limited partnership organized under the laws of the State of Delaware.  The General Partner is a limited liability company organized under the laws of the State of Delaware. Mr. Gundlach is a United States Citizen.</citizenship>
      </item2>
      <item7>
        <filedExhibits>Exhibit 99.1: Introductory Statement
Exhibit 99.2: Joint Filing Agreement</filedExhibits>
      </item7>
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    <signaturePerson>
      <signatureReportingPerson>Bleichroeder LP</signatureReportingPerson>
      <signatureDetails>
        <signature>Andrew Gundlach</signature>
        <title>Andrew Gundlach, Chairman and CEO</title>
        <date>03/21/2025</date>
      </signatureDetails>
    </signaturePerson>
    <signaturePerson>
      <signatureReportingPerson>Bleichroeder Holdings LLC</signatureReportingPerson>
      <signatureDetails>
        <signature>Andrew Gundlach</signature>
        <title>Andrew Gundlach, Chairman and CEO</title>
        <date>03/21/2025</date>
      </signatureDetails>
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      <signatureReportingPerson>Andrew Gundlach</signatureReportingPerson>
      <signatureDetails>
        <signature>Andrew Gundlach</signature>
        <title>Andrew Gundlach, Individual</title>
        <date>03/21/2025</date>
      </signatureDetails>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>INTRODUCTORY STATEMENT (507)
<TEXT>
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<P STYLE="margin: 0; text-align: right">Exhibit 99.1</P>

<P STYLE="text-align: center; font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><B>Introductory Statement </B></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">This Amendment No. 1 (this &ldquo;Amendment&rdquo;) amends the Schedule 13D originally
filed by the Reporting Persons with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on November 19, 2024 (the &ldquo;Schedule
13D&rdquo;), with respect to the Common Stock, $0.001 par value (the &ldquo;Shares&rdquo;), of LiqTech International, Inc., a Nevada corporation
(the &quot;Issuer&quot;). Except as otherwise provided herein, each item of the Schedule 13D remains unchanged. Capitalized terms used
herein but not otherwise defined shall have the meaning set forth in the Schedule 13D.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex99-2.htm
<DESCRIPTION>JOINT FILING AGREEMENT (507)
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: right">EXHIBIT 99.2</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0; text-align: center"><B>JOINT FILING AGREEMENT</B></P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">THIS JOINT FILING AGREEMENT is entered into as of March 21, 2025, by and among the
parties hereto. The undersigned hereby agree that the Statement on Schedule 13D with respect to the Common Stock, $0.001 par value, of
LiqTech International, Inc., a Nevada corporation, and any amendment thereafter signed by each of the undersigned shall be (unless
otherwise determined by the undersigned) filed on behalf of each of the undersigned pursuant to and in accordance with the provisions
of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">Date: March 21, 2025</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">Bleichroeder LP</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; font-family: Calibri,sans-serif">Signature:</TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif">/s/ Andrew Gundlach</TD>
    <TD STYLE="width: 48%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Name/Title:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">Andrew Gundlach, Chairman and CEO</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Date:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">03/21/2025</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">Bleichroeder Holdings LLC</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; font-family: Calibri,sans-serif">Signature:</TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif">/s/ Andrew Gundlach</TD>
    <TD STYLE="width: 48%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Name/Title:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">Andrew Gundlach, Chairman and CEO</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Date:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">03/21/2025</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">Andrew Gundlach</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; font-family: Calibri,sans-serif">Signature:</TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif">/s/ Andrew Gundlach</TD>
    <TD STYLE="width: 48%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Name/Title:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">Andrew Gundlach, Individual</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">Date:</TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri,sans-serif">03/21/2025</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

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