SCHEDULE: Funicular Funds Discloses 5.1% Stake in Alpha Cognition

Funicular Funds, LP, along with Cable Car Capital, LP and Jacob Ma-Weaver, has disclosed a 5.1% beneficial ownership stake in Alpha Cognition Inc.

Summary

• Funicular Funds, LP, Cable Car Capital, LP, and Jacob Ma-Weaver collectively reported beneficial ownership of 1,114,747 shares of Alpha Cognition Inc. Common Stock.
• This represents a 5.1% stake in the company, based on 21,742,104 shares outstanding as reported by Alpha Cognition Inc. on its Form 10-Q filed November 13, 2025.
• The reporting persons hold sole voting and dispositive power over all 1,114,747 shares.
• The acquisition of these securities was not for the purpose of changing or influencing control of Alpha Cognition Inc., other than activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the disclosure of a new 5.1% beneficial owner, Funicular Funds, LP, suggests institutional confidence in Alpha Cognition Inc., without indicating an activist agenda.

Positives

• A significant institutional investor, Funicular Funds, LP, has taken a 5.1% stake in Alpha Cognition Inc., indicating potential confidence in the company's future.
• The reporting persons explicitly state that the shares were not acquired for the purpose of changing or influencing control, suggesting a passive investment intent.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Alpha Cognition Inc. or the reporting persons regarding the issuer's future performance.

Management Comments

• The reporting persons certified that the securities were not acquired for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

StockSavvy.ai notes that a 5.1% stake by an investment fund like Funicular Funds, LP, often signals a belief in the long-term value proposition of the company. While the filing explicitly states a passive investment intent, such a significant position can attract further investor attention to Alpha Cognition Inc., particularly within its sector.

Comparison to Industry Standards

• StockSavvy.ai observes that a 5.1% beneficial ownership stake is a standard threshold for triggering a Schedule 13G filing, indicating a significant, but not controlling, position.
• For comparison, activist investors often accumulate stakes well above 5% to exert influence, whereas passive institutional investors typically hold positions around this level or higher without seeking board seats or strategic changes.
• This filing aligns with a passive investment strategy, similar to holdings by mutual funds or pension funds in various public companies.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional investor may increase investor confidence and potentially attract more attention to Alpha Cognition Inc.'s stock.

Key Dates

Keywords

Alpha Cognition Inc., Funicular Funds, Cable Car Capital, Jacob Ma-Weaver, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Equity Stake, SEC Filing