Archon Capital Management Updates Asure Software Stake

TL;DR

**Archon Capital Management just updated its stake in Asure Software, signaling continued institutional interest.**

AI Summary

Archon Capital Management LLC, a Washington-based investment firm, filed an amended Schedule 13G/A on February 13, 2024, indicating its ownership of Asure Software, Inc. common stock as of December 31, 2023. This filing updates previous disclosures, signaling a continued or adjusted significant stake in Asure Software. For investors, this matters because Archon Capital Management is a substantial institutional holder, and their investment decisions can influence market perception and potentially the stock's liquidity and price stability.

Why It Matters

This filing shows a significant institutional investor, Archon Capital Management LLC, continues to hold a position in Asure Software, Inc., which can be a vote of confidence or a signal of portfolio rebalancing.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating transparency and no immediate negative implications.

Analyst Insight

Investors should note Archon Capital Management's continued presence as a significant holder, but this filing alone doesn't provide enough detail to infer a specific bullish or bearish action. Further investigation into Archon's investment thesis or any changes in their percentage ownership (which isn't detailed in this excerpt) would be prudent.

Key Players & Entities

• Archon Capital Management LLC (company) — the reporting person and institutional investor
• Asure Software, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A
• Washington (company) — state of organization for Archon Capital Management LLC

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securiti

Filing Documents

• d10972221_13g-a.htm (SC 13G/A) — 95KB
• 0000919574-24-000920.txt ( ) — 96KB

From the Filing

SC 13G/A 1 d10972221_13g-a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Asure Software, Inc. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securities) 04649U102 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes) CUSIP No 04649U102 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Archon Capital Management LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Washington NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,034,892 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,034,892 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,034,892 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, IA CUSIP No 04649U102 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Constantinos Christofilis 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,034,892 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,034,892 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,034,892 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.16% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No 04649U102 Item 1. (a). Name of Issuer: Asure Software, Inc. (b). Address of issuer’s principal executive offices: 405 Colorado Street, Suite 1800 Austin, Texas 78701 Item 2. (a). Name of person filing: Archon Capital Management LLC Constantinos Christofilis (b). Address of principal business office, or if none, residence: Archon Capital Management LLC 1100 19 th Avenue E Seattle, Washington 98112 Constantinos Christofilis c/o Archon Capital Management LLC 1100 19 th Avenue E Seattle, Washington 98112 (c). Citizenship: Archon Capital Management LLC – Washington Constantinos Christofilis – United States (d). Title of class of securities: Common Stock, $0.01 Par Value (e). CUSIP No.: 04649U102 Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the fo

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