SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Disclose 6.3% Passive Stake in Electrovaya Inc.
Beneficial Ownership Disclosure
AIGH Capital Management LLC and its managing member, Orin Hirschman, have disclosed a combined beneficial ownership of 6.3% of Electrovaya Inc.'s common stock, held for passive investment purposes.
Summary
- AIGH Capital Management LLC, AIGH Investment Partners, L.L.C., and Orin Hirschman (collectively, the "Reporting Persons") have jointly filed an Amendment No. 1 to Schedule 13G.
- The Reporting Persons beneficially own an aggregate of 2,525,099 shares of Electrovaya Inc. Common Stock.
- This ownership represents 6.3% of the outstanding class of Electrovaya Inc. Common Stock.
- The reported beneficial ownership excludes 844,999 warrants to purchase common stock due to beneficial ownership limitations on exercise.
- Orin Hirschman, as the Managing Member of AIGH Capital Management LLC and president of AIGH LLC, holds sole voting and dispositive power over the reported shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Electrovaya Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, indicating a neutral sentiment as it does not contain operational or financial performance details.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive ownership stake in a publicly traded company, Electrovaya Inc., which operates in the battery technology sector. Such disclosures provide transparency regarding major shareholders but do not inherently reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive investor's stake in the company, which can influence market perception of investor confidence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement |
| 01/28/2025 | Date of signature for Orin Hirschman and AIGH Capital Management LLC |
Keywords
Electrovaya Inc., AIGH Capital Management, Orin Hirschman, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing
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