AIGH Capital Management Cuts BioDesix Stake to 3.8%

TL;DR

**AIGH Capital Management just trimmed its BioDesix stake to 3.8%.**

AI Summary

AIGH Capital Management, LLC, a Maryland-based investment firm, filed an amended Schedule 13G/A on February 7, 2024, disclosing its beneficial ownership of 3,408,946 shares of BioDesix, Inc. common stock as of January 24, 2024. This represents 3.8% of the company's outstanding shares, a decrease from their previous filing. This matters to investors because it indicates a significant institutional investor has reduced its stake, which could signal a change in their outlook on BioDesix's future performance.

Why It Matters

AIGH Capital Management, LLC, a significant institutional investor, has reduced its ownership in BioDesix, Inc., which could be interpreted by the market as a loss of confidence or a strategic portfolio adjustment.

Risk Assessment

Risk Level: medium — A reduction in ownership by a large institutional investor like AIGH Capital Management could signal potential concerns about the company's future, increasing investment risk.

Analyst Insight

A smart investor would investigate the reasons behind AIGH Capital Management's reduced stake in BioDesix, Inc. and consider if this signals a fundamental shift in the company's prospects before making any investment decisions. Monitoring future institutional filings and company news would be prudent.

Key Numbers

• 3,408,946 — Shares Beneficially Owned (The total number of BioDesix, Inc. shares AIGH Capital Management, LLC beneficially owns as of January 24, 2024.)
• 3.8% — Percent of Class (The percentage of BioDesix, Inc.'s common stock owned by AIGH Capital Management, LLC.)
• January 24, 2024 — Date of Event (The date that triggered the requirement for this Schedule 13G/A amendment filing.)
• February 7, 2024 — Filing Date (The date this amended Schedule 13G/A was filed with the SEC.)

Key Players & Entities

• AIGH Capital Management, LLC (company) — the reporting person reducing its stake
• BioDesix, Inc. (company) — the subject company whose shares are being reported
• Orin Hirschman (person) — the individual associated with the filing entity
• Maryland (company) — place of organization for AIGH Capital Management, LLC

Forward-Looking Statements

• BioDesix's stock price may experience short-term downward pressure due to the disclosed reduction in institutional ownership. (BioDesix, Inc.) — medium confidence, target: 2024-03-07

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o

Filing Documents

• formsc13ga.htm (SC 13G/A) — 90KB
• 0001493152-24-005344.txt ( ) — 92KB

(a) above and Item 4 of each cover page

Item 2(a) above and Item 4 of each cover page. (d) Title of Class of Securities: Common Stock, $0.001 par value per share (e) CUSIP Number: 09075X108 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. 78o); (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) 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) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations 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: OWNERSHIP. See Item s 5,6,7,8 and 9 of each cover page. ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable. ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE

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View this SC 13G/A filing on SEC EDGAR