SCHEDULE 13G/A: Intracoastal Capital and Affiliates Report 6.3% Beneficial Ownership in Microbot Medical Inc.

Sentiment:

Beneficial Ownership Report


Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, has filed an amended Schedule 13G reporting a 6.3% beneficial ownership stake in Microbot Medical Inc. as of March 31, 2025.

Summary

  • Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Microbot Medical Inc.
  • As of March 31, 2025, the Reporting Persons collectively beneficially owned 2,349,488 shares of Microbot Medical Inc. common stock.
  • This beneficial ownership represents approximately 6.3% of the company's common stock, calculated based on 34,744,476 shares outstanding as of March 25, 2025, plus the 2,349,488 shares issuable upon exercise of Intracoastal Warrant 1.
  • The reported beneficial ownership excludes shares from four other warrants held by Intracoastal (Intracoastal Warrant 2, 3, 4, and 5) due to various blocker provisions and exercisability conditions.
  • Intracoastal Warrant 2 (2,816,902 shares) is not exercisable until the later of the amendment to the Issuer's articles of incorporation to increase authorized shares and stockholder approval, and contains a 9.99% beneficial ownership blocker.
  • Intracoastal Warrants 3 (221,062 shares), 4 (783,336 shares), and 5 (2,514,286 shares) each contain a 4.99% beneficial ownership blocker provision.
  • Without these blocker provisions, the Reporting Persons would have been deemed to beneficially own 8,685,074 shares of Common Stock.

Sentiment

Score: 5

Explanation: The document is a factual, compliance-driven filing (Schedule 13G/A) reporting beneficial ownership. It does not contain subjective language or express positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The document does not provide any forward-looking statements or guidance from Microbot Medical Inc. or the Reporting Persons regarding the company's future operations or financial performance.

Industry Context

This filing is a routine disclosure of a significant ownership stake by an investment group in a publicly traded company, as required by SEC regulations. It does not provide broader industry context or trends.

Stakeholder Impact

  • Shareholders: Provides transparency regarding a significant ownership stake held by an investment group, which can influence perceptions of control and potential future actions by the group.

Key Dates

DateDescription
03/25/2025Date as of which Microbot Medical Inc. reported 34,744,476 shares of Common Stock outstanding, used for beneficial ownership calculation.
03/31/2025Date of event which required the filing of this statement (beneficial ownership calculation date).
05/09/2025Date the Schedule 13G/A filing was signed by the Reporting Persons.

Keywords

Microbot Medical Inc., beneficial ownership, Schedule 13G, common stock, Intracoastal Capital LLC, Mitchell P. Kopin, Daniel B. Asher, warrants, SEC filing

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