SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Maintain Significant 9.9% Stake in Elutia Inc.

AIGH Capital Management LLC and Orin Hirschman have jointly filed an amended Schedule 13G, confirming their continued beneficial ownership of 9.9% of Elutia Inc.'s common stock as of December 31, 2024.

Summary

• Orin Hirschman, AIGH Capital Management LLC, and AIGH Investment Partners LLC are jointly filing this Schedule 13G Amendment No. 2.
• The reporting persons beneficially own 3,074,735 shares of Elutia Inc. Common Stock.
• This represents 9.9% of the total class of Elutia Inc. Common Stock.
• The reporting persons hold sole voting power and sole dispositive power over all 3,074,735 beneficially owned shares.
• The reported beneficial ownership excludes warrants to purchase an additional 1,550,000 common shares due to beneficial ownership limitations on exercise.
• 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 Elutia Inc.

Sentiment

Score: 7

Explanation: The filing indicates a continued significant passive stake by a notable investment group, which generally signals confidence in the company's long-term prospects without intent to influence control. The maintenance of a substantial stake is a positive signal.

Positives

• The reporting persons, including AIGH Capital Management LLC and Orin Hirschman, maintain a significant 9.9% beneficial ownership stake in Elutia Inc., indicating continued confidence in the company.
• The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a stable, passive investment by a major shareholder.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Stakeholder Impact

• Shareholders: The continued significant stake by AIGH Capital Management and Orin Hirschman may be viewed positively, signaling confidence from a major investor and potentially contributing to share price stability.

Key Dates

Keywords

Elutia Inc., AIGH Capital Management, Orin Hirschman, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Management, Passive Investment