SCHEDULE 13G: Solas Capital Management and Frederick Golden Disclose 8.7% Stake in Alpha Cognition Inc.

Solas Capital Management, LLC and Frederick Tucker Golden have jointly disclosed a beneficial ownership of 8.7% in Alpha Cognition Inc.'s common shares as of December 31, 2024.

Summary

• Solas Capital Management, LLC and Frederick Tucker Golden have filed a Schedule 13G, reporting beneficial ownership of 1,393,328 common shares of Alpha Cognition Inc.
• This ownership represents 8.7% of Alpha Cognition Inc.'s common stock outstanding.
• The ownership percentage is based on 16,019,788 shares of common stock outstanding as of January 13, 2025, as reported by the Issuer in a Prospectus filed on January 15, 2025.
• Solas Capital Management, LLC, a Delaware-based investment adviser, serves as investment manager to two private funds and sub-adviser to another private fund, which hold these securities.
• Frederick Tucker Golden, as Portfolio Manager of Solas Capital Management, LLC, is deemed to be a beneficial owner with shared voting and dispositive power over the shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not contain information related to the company's operational performance, financial results, or future outlook, thus maintaining a neutral sentiment.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant beneficial ownership stake held by Solas Capital Management, LLC and Frederick Tucker Golden, which could influence market perception and trading activity.

Key Dates

Keywords

Alpha Cognition Inc., Solas Capital Management, Frederick Tucker Golden, Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Investment Adviser, Passive Investment