AIGH Capital Management Holds 9.9% Stake in MYOMO, INC.

TL;DR

**AIGH Capital Management still owns 9.9% of MYOMO, a bullish sign for the stock.**

AI Summary

AIGH Capital Management, LLC, a Maryland-based investment firm, filed an amended Schedule 13G/A on February 7, 2024, disclosing its ownership in MYOMO, INC. As of January 16, 2024, AIGH Capital Management beneficially owns 2,838,290 shares of MYOMO's Common Stock, representing 9.9% of the company. This filing indicates a significant passive investment by AIGH Capital Management, suggesting their continued belief in MYOMO's long-term potential without seeking to control the company.

Why It Matters

This filing shows a major institutional investor maintains a substantial stake in MYOMO, which can be seen as a vote of confidence in the company's future. For investors, this signals that a professional firm sees value in the stock, potentially influencing their own investment decisions.

Risk Assessment

Risk Level: low — This filing is an update on a passive investment, indicating stability rather than a new, volatile event.

Analyst Insight

A smart investor would note this continued significant institutional ownership as a potential positive signal, but also research MYOMO, INC.'s fundamentals and recent news to understand why AIGH Capital Management maintains this stake, rather than solely relying on this filing.

Key Numbers

• 2,838,290 — Shares Beneficially Owned (This is the total number of shares of MYOMO, INC. Common Stock that AIGH Capital Management, LLC has sole voting and sole dispositive power over as of January 16, 2024.)
• 9.9% — Percentage of Class (This represents the percentage of MYOMO, INC.'s Common Stock beneficially owned by AIGH Capital Management, LLC, indicating a significant, but passive, stake.)
• $0.0001 — Par Value Per Share (This is the stated par value of MYOMO, INC. Common Stock.)

Key Players & Entities

• AIGH Capital Management, LLC (company) — the reporting person beneficially owning shares of MYOMO, INC.
• MYOMO, 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
• January 16, 2024 (date) — date of event requiring the filing
• February 7, 2024 (date) — date the filing was made

Forward-Looking Statements

• AIGH Capital Management, LLC will likely maintain its passive investment stance in MYOMO, INC. for the foreseeable future. (AIGH Capital Management, LLC) — high confidence, target: 2025-02-07
• MYOMO, INC.'s stock price may experience minor positive sentiment due to continued institutional ownership. (MYOMO, INC.) — medium confidence, target: 2024-03-07

FAQ

Key Financial Figures

• $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 Par Value Per Share (Title of Class o
• $0.01 — f Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 62857J1

Filing Documents

• formsc13ga.htm (SC 13G/A) — 90KB
• 0001493152-24-005333.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, par value $0.01 per share (e) CUSIP Number: 62857J102 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

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