AIGH Capital Takes 5.0% Stake in Delcath Systems
Ticker: DCTH · Form: SC 13G · Filed: Jan 9, 2024 · CIK: 872912
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, stake-increase
TL;DR
**AIGH Capital just bought 5.0% of Delcath Systems, a bullish signal.**
AI Summary
AIGH Capital Management, LLC, a Maryland-based entity, reported acquiring 1,539,638 shares of Delcath Systems, Inc. common stock, representing a 5.0% ownership stake, as of December 27, 2023. This filing indicates a significant new investment by AIGH Capital, suggesting their belief in Delcath's future prospects. For current or prospective shareholders, this signals a notable institutional investor has taken a substantial position, which can be interpreted as a vote of confidence in the company's valuation and strategic direction.
Why It Matters
This filing reveals a new institutional investor, AIGH Capital Management, has acquired a significant stake in Delcath Systems, potentially signaling a positive outlook on the company's future performance.
Risk Assessment
Risk Level: low — This filing indicates a new institutional investment, which is generally seen as a positive development and does not inherently increase risk for existing shareholders.
Analyst Insight
A smart investor would research AIGH Capital Management's investment thesis and track Delcath Systems' performance, considering this new institutional backing as a potential positive catalyst.
Key Numbers
- 1,539,638 — Shares Beneficially Owned (Represents the total number of Delcath Systems, Inc. common shares owned by AIGH Capital Management, LLC.)
- 5.0% — Percentage of Class (Indicates the ownership percentage of Delcath Systems, Inc. common stock held by AIGH Capital Management, LLC.)
- December 27, 2023 — Date of Event (The date on which the event requiring this filing occurred, marking the point at which AIGH Capital Management, LLC reached the reporting threshold.)
Key Players & Entities
- AIGH Capital Management, LLC (company) — reporting person and beneficial owner
- Delcath Systems, Inc. (company) — subject company (issuer)
- Maryland (company) — place of organization for AIGH Capital Management, LLC
- Orin Hirschman (person) — filer (likely associated with AIGH Capital Management, LLC)
Forward-Looking Statements
- Delcath Systems, Inc. stock price may see increased investor interest due to AIGH Capital Management's significant stake. (Delcath Systems, Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is AIGH Capital Management, LLC, with an I.R.S. Identification No. of 27-4413262, and its place of organization is Maryland.
What is the subject company whose shares are being reported?
The subject company is Delcath Systems, Inc., with a CIK of 0000872912, and its common stock, $0.01 par value per share, is the class of securities.
How many shares of Delcath Systems, Inc. does AIGH Capital Management, LLC beneficially own?
AIGH Capital Management, LLC beneficially owns 1,539,638 shares of Delcath Systems, Inc. common stock, as stated in Row 9 of the cover page.
What percentage of Delcath Systems, Inc.'s common stock does this beneficial ownership represent?
The filing indicates that AIGH Capital Management, LLC beneficially owns 5.0% of the class of Delcath Systems, Inc. common stock, as shown in Row 11 of the cover page.
What was the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was December 27, 2023.
Filing Stats: 1,163 words · 5 min read · ~4 pages · Grade level 8 · Accepted 2024-01-09 08:12:27
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
Filing Documents
- formsc13g.htm (SC 13G) — 85KB
- 0001493152-24-001776.txt ( ) — 86KB
(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, $0.01 par value per share (e) CUSIP Number: 24661P807 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 S