SCHEDULE: Bigger Capital Discloses 9.99% Stake in WORK Medical

Bigger Capital Fund, LP, along with its general partner and managing member, reported a 9.99% beneficial ownership in WORK Medical Technology Group LTD's Class A Ordinary Shares.

Summary

• Bigger Capital Fund, LP, Bigger Capital Fund GP, LLC, and Michael Bigger collectively reported beneficial ownership of 7,897,548 Class A Ordinary Shares of WORK Medical Technology Group LTD.
• This represents approximately 9.99% of the outstanding Class A Ordinary Shares.
• The percentage is based on 79,054,538 Class A Ordinary Shares outstanding immediately after the offering, as per the Issuer's Prospectus Supplement filed on September 26, 2025.
• The reported amount does not include 5,102,230 Class A Ordinary Shares issuable upon exercise of Pre-Funded Warrants, which are subject to a 9.99% beneficial ownership limitation.
• Subsequent to September 25, 2025, the Reporting Persons sold a portion of their Class A Ordinary Shares but continue to beneficially own more than 5.00% of the outstanding shares.
• The filing is a Schedule 13G, indicating a passive investment intent, with a certification that the securities were not acquired for the purpose of changing or influencing control.

Sentiment

Score: 6

Explanation: The filing indicates a significant passive institutional investment in WORK Medical Technology Group LTD, which is generally positive. However, the disclosure of subsequent sales of a portion of shares introduces a slight cautionary note, though the investor still holds over 5%.

Positives

• A significant institutional investor, Bigger Capital, holds a substantial stake, indicating confidence in WORK Medical Technology Group LTD.

Negatives

• Reporting Persons sold a portion of their Class A Ordinary Shares subsequent to the event date, which could be interpreted as a reduction in their position, though they still hold over 5%.

Future Outlook

No forward-looking statements or guidance from WORK Medical Technology Group LTD are provided in this beneficial ownership filing.

Industry Context

This filing indicates an institutional investor's position in a medical technology group. It suggests continued investor interest in the medical technology sector, although specific industry trends or competitive analysis cannot be derived solely from this ownership disclosure.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional holder; potential impact on stock liquidity and trading patterns due to a large holder.

Key Dates

Recommendation

The filing indicates a substantial passive investment by Bigger Capital Fund, LP, holding 9.99% of Class A Ordinary Shares. While institutional interest is generally a positive signal, the disclosure of subsequent sales of a portion of these shares after the event date introduces a degree of neutrality. Without further financial or operational details from WORK Medical Technology Group LTD, a 'hold' recommendation is appropriate, acknowledging the institutional backing while awaiting more comprehensive company-specific information.

Keywords

WORK Medical Technology Group LTD, Bigger Capital Fund, Class A Ordinary Shares, Schedule 13G, Beneficial Ownership, Institutional Investor, Medical Technology