AIGH Capital Reports 5.6% Stake in TELA Bio

TL;DR

**AIGH Capital still holds 5.6% of TELA Bio, showing continued institutional interest.**

AI Summary

AIGH Capital Management, LLC, an investment firm, has updated its ownership stake in TELA Bio, Inc. (TELA) as of December 31, 2023. The firm now beneficially owns 1,377,945 common shares, representing 5.6% of TELA Bio's outstanding stock. This filing, an amendment to a previous disclosure, indicates a significant, but not controlling, institutional investment in the medical device company.

Why It Matters

This filing shows that a notable institutional investor, AIGH Capital Management, maintains a significant position in TELA Bio, which can signal confidence in the company's future to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update of an existing stake and does not indicate any immediate negative or positive risk to the company.

Analyst Insight

Investors should note that AIGH Capital Management, LLC continues to hold a substantial stake in TELA Bio, suggesting ongoing institutional interest, but this filing alone doesn't indicate a change in strategy or performance.

Key Numbers

• 1,377,945 — Common Shares Beneficially Owned (This is the total number of TELA Bio shares AIGH Capital Management, LLC holds.)
• 5.6% — Percent of Class Represented (This percentage indicates the proportion of TELA Bio's outstanding common shares owned by AIGH Capital Management, LLC.)
• December 31, 2023 — Date of Event (This is the effective date for the reported ownership stake.)
• 872381108 — CUSIP Number (This unique identifier is for TELA Bio, Inc.'s Common Shares.)
• 27-4413262 — IRS Identification Number (This is the IRS ID for AIGH Capital Management, LLC.)

Key Players & Entities

• AIGH Capital Management, LLC (company) — reporting person and beneficial owner of TELA Bio shares
• TELA Bio, Inc. (company) — the subject company whose shares are being reported
• Orin Hirschman (person) — listed as a filer, likely associated with AIGH Capital Management
• Maryland (company) — place of organization for AIGH Capital Management, LLC
• New York (company) — state of the mailing address for Orin Hirschman

Forward-Looking Statements

• AIGH Capital Management, LLC will maintain a significant, non-controlling stake in TELA Bio, Inc. for the foreseeable future. (AIGH Capital Management, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• formsc13ga.htm (SC 13G/A) — 89KB
• 0001493152-24-005337.txt ( ) — 90KB

(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 (e) CUSIP Number: 872381108 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 SECURITY BEING REPORTED ON BY

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