AIGH Capital Management Holds 9.9% Stake in BrainsWay Ltd.

TL;DR

**AIGH Capital Management still owns 9.9% of BrainsWay, a notable passive stake.**

AI Summary

AIGH Capital Management, LLC, a Maryland-based entity, filed an amended Schedule 13G/A on February 7, 2024, disclosing its beneficial ownership in BrainsWay Ltd. As of December 31, 2023, AIGH Capital Management holds 1,038,528 American Depositary Shares (ADS), representing 9.9% of BrainsWay's outstanding shares. This filing indicates a significant, but slightly reduced, passive stake, which matters to investors as it shows a major institutional investor's continued, albeit adjusted, confidence in the company.

Why It Matters

This filing reveals a key institutional investor's current stake, providing insight into their conviction and potentially influencing other investors' perceptions of BrainsWay's stock.

Risk Assessment

Risk Level: low — This is an amendment to a passive filing, indicating a stable, non-activist position by a significant shareholder.

Analyst Insight

Investors should note AIGH Capital Management's continued, albeit slightly adjusted, significant passive stake. This suggests a long-term, non-activist interest, which can be a positive signal for stability, but doesn't imply immediate catalysts.

Key Numbers

• 1,038,528 — American Depositary Shares (ADS) (total shares beneficially owned by AIGH Capital Management, LLC)
• 9.9% — Percent of Class (percentage of BrainsWay Ltd. shares owned by AIGH Capital Management, LLC)
• December 31, 2023 — Date of Event (the date for which the ownership information is reported)

Key Players & Entities

• AIGH Capital Management, LLC (company) — reporting person and beneficial owner
• BrainsWay Ltd. (company) — the issuer of the securities
• Maryland (company) — place of organization for AIGH Capital Management, LLC
• Orin Hirschman (person) — filer of the original SC 13G

Forward-Looking Statements

• AIGH Capital Management, LLC will maintain a significant, passive stake in BrainsWay Ltd. for the foreseeable future. (AIGH Capital Management, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• formsc13ga.htm (SC 13G/A) — 95KB
• 0001493152-24-005326.txt ( ) — 96KB

(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: American Depositary Shares each representing two Ordinary Shares (e) CUSIP Number: 10501L106 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 Items 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 SUBSI

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