SCHEDULE: DG Capital Management Discloses 4% Stake in Anterix

DG Capital Management, LLC and Dov Gertzulin have reported a 4.0% beneficial ownership stake in Anterix Inc., holding 744,544 shares of common stock.

Summary

• DG Capital Management, LLC and Dov Gertzulin jointly reported beneficial ownership of 744,544 shares of Anterix Inc. common stock.
• This ownership represents 4.0% of Anterix Inc.'s outstanding common stock.
• The shares are held by private investment funds and separately managed accounts for which DG Capital Management, LLC serves as the investment manager.
• Dov Gertzulin is the managing member of DG Capital Management, LLC.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Anterix Inc.
• The percentage of class is based on 18,739,790 shares outstanding as of August 8, 2025, as reported in Anterix Inc.'s Form 10-Q.

Sentiment

Score: 6

Explanation: A passive investment by an institutional investor is generally a neutral to slightly positive signal, indicating confidence without active intervention or intent to influence control.

Positives

• A notable investment firm, DG Capital Management, and its managing member, Dov Gertzulin, have taken a significant passive stake in Anterix Inc., potentially signaling confidence in the company's long-term prospects.
• The filing explicitly states the shares are held in the ordinary course of business and not for influencing control, suggesting a long-term, passive investment approach.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Anterix Inc. or the reporting persons regarding the issuer's future performance or strategic direction.

Industry Context

This filing represents a standard passive investment disclosure by an investment adviser and an individual in a publicly traded company. It does not provide specific industry-wide trends or competitive analysis.

Stakeholder Impact

• Shareholders: May view the investment by DG Capital Management as a vote of confidence, potentially influencing market sentiment positively.

Key Dates

Recommendation

This Schedule 13G filing indicates a passive investment by DG Capital Management, LLC and Dov Gertzulin, holding 4.0% of Anterix Inc.'s common stock. The filing explicitly states the shares were acquired in the ordinary course of business and not to influence control. This suggests a long-term, non-activist position. While a new institutional investor can be a positive signal, this filing alone does not provide sufficient new information about Anterix Inc.'s operational performance, financial health, or strategic direction to warrant a change from a 'hold' recommendation. Investors should continue to monitor Anterix Inc.'s fundamental performance and broader market conditions.

Keywords

Anterix Inc., DG Capital Management, Dov Gertzulin, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, Equity Stake