Alpha Capital Amends Dror Ortho-Design Stake on Dec 31, 2023
Ticker: DROR · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1282980
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, ownership-change
TL;DR
**Alpha Capital Anstalt just updated their Dror Ortho-Design stake, watch for potential stock movement.**
AI Summary
Alpha Capital Anstalt, a Liechtenstein-based investment firm, filed an Amendment No. 3 to Schedule 13G on January 10, 2024, indicating a change in their ownership of Dror Ortho-Design, Inc. (formerly Novint Technologies, Inc.) common stock as of December 31, 2023. This filing updates their previous disclosures, signaling a potential shift in their investment strategy or a change in their reportable ownership threshold. For investors, this matters because significant changes in institutional ownership can influence stock price and reflect a major investor's confidence (or lack thereof) in the company's future.
Why It Matters
This filing shows an institutional investor, Alpha Capital Anstalt, has updated their stake in Dror Ortho-Design, Inc., which could signal a change in their view of the company's prospects.
Risk Assessment
Risk Level: medium — Changes in institutional ownership can create volatility, but this filing alone doesn't specify the magnitude of the change, making the risk moderate.
Analyst Insight
A smart investor would review the full details of the amended filing (which are not provided in this excerpt) to understand the specific change in Alpha Capital Anstalt's ownership percentage and then assess Dror Ortho-Design, Inc.'s recent financial performance and news before making any investment decisions.
Key Numbers
- 670085109 — CUSIP Number (identifies Dror Ortho-Design, Inc.'s common stock)
- 0001140358 — Central Index Key (CIK) (identifies Alpha Capital Anstalt)
- 0001282980 — Central Index Key (CIK) (identifies Dror Ortho-Design, Inc.)
Key Players & Entities
- Alpha Capital Anstalt (company) — the reporting person filing the SC 13G/A
- Dror Ortho-Design, Inc. (company) — the subject company whose securities are being reported
- Novint Technologies, Inc. (company) — the former name of Dror Ortho-Design, Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- January 10, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Alpha Capital Anstalt's updated stake could lead to increased trading volume in Dror Ortho-Design, Inc. stock. (Dror Ortho-Design, Inc.) — medium confidence, target: Q1 2024
- The market may interpret Alpha Capital Anstalt's amendment as a signal of their updated confidence in Dror Ortho-Design, Inc.'s future performance. (Dror Ortho-Design, Inc.) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing?
This is an Amendment No. 3 to Schedule 13G, filed by Alpha Capital Anstalt, to update their previous disclosures regarding their beneficial ownership of common stock in Dror Ortho-Design, Inc. as of December 31, 2023.
Who is the reporting person in this filing?
The reporting person is Alpha Capital Anstalt, an organization with a business address in Vaduz, Liechtenstein, and CIK 0001140358.
What company's stock is the subject of this filing?
The subject company is Dror Ortho-Design, Inc., formerly known as Novint Technologies, Inc., whose common stock has a CUSIP Number of 670085109.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box in the filing.
Filing Stats: 667 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-01-10 13:50:51
Key Financial Figures
- $0.0001 — ame of Issuer) COMMON STOCK, PAR VALUE $0.0001 (Title of Class of Securities) 670085
Filing Documents
- ea191458-13ga3alpha_dror.htm (SC 13G/A) — 45KB
- 0001213900-24-002609.txt ( ) — 47KB
(a) NAME OF ISSUER: Dror Ortho-Design, Inc. (f/k/a Novint Technologies,
ITEM 1 (a) NAME OF ISSUER: Dror Ortho-Design, Inc. (f/k/a Novint Technologies, Inc.), a Delaware corporation
(b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: Shatner Street 3, Jerusalem, Israel
(a) NAME OF PERSON FILING: Alpha Capital Anstalt
ITEM 2 (a) NAME OF PERSON FILING: Alpha Capital Anstalt
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
ITEM 2 (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Altenbach 8, FL-9490 Vaduz, Liechtenstein
(c) CITIZENSHIP: Liechtenstein
ITEM 2 (c) CITIZENSHIP: Liechtenstein
(d) TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001
ITEM 2 (d) TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001
(e) CUSIP NUMBER: 670085109
ITEM 2 (e) CUSIP NUMBER: 670085109
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B)
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B): Not applicable
OWNERSHIP
ITEM 4 OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: 10,736,961 Shares (1) (b) PERCENT OF CLASS: 2.167% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR DIRECT THE VOTE 10,736,961 Shares (1) (ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0 Shares (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 10,736,961 Shares (1) (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0 Shares CUSIP No. 670085109 13G/A Page 4 of 5 Pages
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Alpha Capital Anstalt’s ownership is now below 5%.
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP Not applicable
NOTICE OF DISSOLUTION OF GROUP
ITEM 9 NOTICE OF DISSOLUTION OF GROUP Not applicable CUSIP No. 670085109 13G/A Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 10, 2024 (Date) /s/ Konrad Ackermann (Signature) Konrad Ackermann, Director (Name/Title)