SCHEDULE 13G/A: AIGH Capital Management and Orin Hirschman Disclose 9.9% Stake in SmartKem, Inc.
Beneficial Ownership Report
AIGH Capital Management LLC and Orin Hirschman have jointly filed an amendment to their Schedule 13G, reporting a continued 9.9% beneficial ownership in SmartKem, Inc. as of December 31, 2024.
Summary
- Orin Hirschman and AIGH Capital Management LLC, including AIGH Investment Partners, L.L.C., are jointly reporting beneficial ownership in SmartKem, Inc. Common Stock.
- As of December 31, 2024, the reporting persons collectively beneficially own 362,784 shares of SmartKem, Inc. Common Stock.
- This aggregate amount represents 9.9% of the class of SmartKem, Inc. Common Stock.
- The reported beneficial ownership includes 59,500 warrants to purchase common shares.
- The filing explicitly excludes 4,277,074 common shares that are issuable upon the exercise of warrants or conversion of preferred stock, which are not currently exercisable or convertible due to beneficial ownership limitations.
- Orin Hirschman holds sole voting power over 303,284 shares and sole dispositive power over 362,784 shares.
- AIGH Capital Management LLC holds sole voting power over 299,784 shares and sole dispositive power over 362,784 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 the issuer.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It simply reports a significant stake.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- The filing indicates a significant and stable ownership stake by AIGH Capital Management LLC and Orin Hirschman, which may provide confidence to other shareholders regarding long-term investor interest and alignment with a major institutional investor.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event requiring the filing of this statement, indicating the beneficial ownership position at year-end. |
| 02/04/2025 | Date the Schedule 13G Amendment No. 4 was signed and filed. |
Keywords
SmartKem Inc, AIGH Capital Management, Orin Hirschman, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Management, Shareholder Stake
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