SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Maintain Significant Stake in Dror Ortho-Design, Inc.

AIGH Capital Management, LLC and Orin Hirschman have jointly filed an amended Schedule 13G, reaffirming their beneficial ownership of 9.9% of Dror Ortho-Design, Inc.'s common stock.

Summary

• Orin Hirschman and AIGH Capital Management, LLC have jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Dror Ortho-Design, Inc.
• The reporting persons collectively beneficially own 95,662,500 shares of Dror Ortho-Design, Inc. common stock.
• This aggregate amount represents 9.9% of the issuer's common stock outstanding.
• Orin Hirschman holds sole voting and dispositive power over 95,662,500 shares, representing 9.9% of the class.
• AIGH Capital Management, LLC holds sole voting and dispositive power over 87,000,000 shares, representing 9.1% of the class.
• The reported beneficial ownership excludes 258,454,385 common shares issuable upon conversion of Preferred Shares and 295,454,545 common shares issuable upon exercise of warrants, which are not currently convertible or exercisable due to beneficial ownership limitations.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that is inherently positive or negative for the company's operations or financial performance.

Positives

• The continued significant beneficial ownership by AIGH Capital Management and Orin Hirschman indicates ongoing investment interest in Dror Ortho-Design, Inc.

Risks

• A substantial number of common shares (258,454,385 from preferred conversion and 295,454,545 from warrants) are currently excluded from beneficial ownership due to limitations on conversion or exercise, which could impact future capital structure or dilution if these limitations are lifted or modified.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

Schedule 13G filings are routine disclosures required by the SEC for passive investors who acquire beneficial ownership of more than 5% of a company's voting stock. This filing indicates a continued significant, but non-controlling, stake by an investment firm and its principal in Dror Ortho-Design, Inc., providing transparency to the market regarding major shareholders.

Stakeholder Impact

• Shareholders gain transparency regarding the significant ownership stakes held by AIGH Capital Management, LLC and Orin Hirschman, which can inform their investment decisions.

Key Dates

Keywords

Dror Ortho-Design, SEC filing, Schedule 13G, beneficial ownership, institutional investor, AIGH Capital Management, Orin Hirschman, common stock, equity stake, investment