SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Disclose 9.4% Stake in Lightpath Technologies
Beneficial Ownership Report
AIGH Capital Management LLC and Orin Hirschman have jointly filed an amended Schedule 13G, reporting a beneficial ownership of 9.4% in Lightpath Technologies Inc. as of December 31, 2024.
Summary
- Orin Hirschman and AIGH Capital Management LLC, along with AIGH Investment Partners, L.L.C., have jointly filed an Amendment No. 3 to Schedule 13G.
- The filing reports their beneficial ownership in Lightpath Technologies Inc. (CUSIP: 532257805) Common Stock.
- As of December 31, 2024, the reporting persons collectively beneficially own 3,723,932 shares, representing 9.4% of the class.
- Orin Hirschman, as the Managing Member of AIGH Capital Management, LLC and president of AIGH LLC, holds sole voting and dispositive power over these shares.
- The shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Lightpath Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership report (Schedule 13G) and does not contain information that inherently conveys positive or negative sentiment regarding the issuer's performance or outlook. It simply states a significant ownership stake.
Industry Context
This filing indicates a significant institutional investment in Lightpath Technologies, a company likely operating in the technology or optics sector. Such Schedule 13G filings are standard for active investors and can signal confidence or strategic interest in a company within its industry, although this specific filing states the shares are not held for control purposes.
Stakeholder Impact
- Shareholders: The disclosure of a significant 9.4% stake by an investment group could be viewed by other shareholders as a sign of confidence or potential for future engagement, though the filing explicitly states the shares are not held for control purposes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement. |
| 01/31/2025 | Signature date for Orin Hirschman and AIGH Capital Management LLC. |
Keywords
Lightpath Technologies Inc, SEC filing, Schedule 13G, beneficial ownership, Orin Hirschman, AIGH Capital Management LLC, institutional investor, equity stake, Common Stock
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