# EDGAR Filing Document

**Accession Number:** 0001835943
**File Stem:** 0001214659-25-015641
**Filing Date:** 2025-10
**Character Count:** 11364
**Document Hash:** 44d18193e2e96e14bc68f3f913dfc6bb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-015641.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001214659-25-015641

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIGH Capital Management LLC
- **CENTRAL INDEX KEY:** 0001835943

**ORGANIZATION NAME:**
- **EIN:** 274413262
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20823
- **FILM NUMBER:** 251438248

**BUSINESS ADDRESS:**
- **STREET 1:** 6006 BERKELEY AVE.
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209
- **BUSINESS PHONE:** 4104156464

**MAIL ADDRESS:**
- **STREET 1:** 6006 BERKELEY AVE.
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** AIGH Capital Management LLC<br>**Address:** 6006 BERKELEY AVE.<br>BALTIMORE, MD 21209

**Form 13F File Number:** 028-20823

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Orin Hirschman<br>**Title:** Managing Member<br>**Phone:** 410-415-6464

**Signature, Place, and Date of Signing:**

/s/  Orin Hirschman  Baltimore, MD  10-31-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 76

**Form 13F Information Table Value Total:** $354865427

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                       | Form 13F File Number   |
|:---|:---|:---|
|  | Worth Venture Partners LLC | 028-17947              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMBARELLA INC | SHS | G037AX101 |  | 1076886 | 13050 | SH |  | OTR | 1 | 0 | 13050 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 3049114 | 36950 | SH |  | SOLE |  | 36950 | 0 | 0 |
| APREA THERAPEUTICS INC | COM NEW | 03836J201 |  | 231930 | 157241 | SH |  | OTR | 1 | 0 | 157241 | 0 |
| APREA THERAPEUTICS INC | COM NEW | 03836J201 |  | 563537 | 382059 | SH |  | SOLE |  | 382059 | 0 | 0 |
| ARDELYX INC | COM | 039697107 |  | 293600 | 53285 | SH |  | OTR | 1 | 0 | 53285 | 0 |
| ARDELYX INC | COM | 039697107 |  | 800135 | 145215 | SH |  | SOLE |  | 145215 | 0 | 0 |
| ARQ INC | COM | 00770C101 |  | 4687051 | 654616 | SH |  | OTR | 1 | 0 | 654616 | 0 |
| ARQ INC | COM | 00770C101 |  | 13782069 | 1924870 | SH |  | SOLE |  | 1924870 | 0 | 0 |
| BIOFRONTERA INC | COM NEW | 09077D209 |  | 243621 | 247331 | SH |  | OTR | 1 | 0 | 247331 | 0 |
| BIOFRONTERA INC | COM NEW | 09077D209 |  | 786738 | 798719 | SH |  | SOLE |  | 798719 | 0 | 0 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 2182963 | 25840 | SH |  | OTR | 1 | 0 | 25840 | 0 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 6181317 | 73169 | SH |  | SOLE |  | 73169 | 0 | 0 |
| CASTLE BIOSCIENCES INC | COM | 14843C105 |  | 4203342 | 184600 | SH |  | OTR | 1 | 0 | 184600 | 0 |
| CASTLE BIOSCIENCES INC | COM | 14843C105 |  | 11901583 | 522687 | SH |  | SOLE |  | 522687 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1691250 | 3699553 | SH | Call | OTR | 1 | 0 | 45100 | 0 |
| CORNING INC | COM | 219350105 |  | 10655697 | 129900 | SH | Call | SOLE |  | 129900 | 0 | 0 |
| COYA THERAPEUTICS INC | COMMON STOCK | 22407B108 |  | 1592871 | 279451 | SH |  | OTR | 1 | 0 | 279451 | 0 |
| COYA THERAPEUTICS INC | COMMON STOCK | 22407B108 |  | 4709175 | 826171 | SH |  | SOLE |  | 826171 | 0 | 0 |
| DAY ONE BIOPHARMACEUTICALS I | COM | 23954D109 |  | 2797652 | 396830 | SH |  | OTR | 1 | 0 | 396830 | 0 |
| DAY ONE BIOPHARMACEUTICALS I | COM | 23954D109 |  | 7921817 | 1123662 | SH |  | SOLE |  | 1123662 | 0 | 0 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 2544122 | 397519 | SH |  | OTR | 1 | 0 | 397519 | 0 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 7203514 | 1125549 | SH |  | SOLE |  | 1125549 | 0 | 0 |
| DOMO INC | COM CL B | 257554105 |  | 5448643 | 343980 | SH |  | OTR | 1 | 0 | 343980 | 0 |
| DOMO INC | COM CL B | 257554105 |  | 15801002 | 997538 | SH |  | SOLE |  | 997538 | 0 | 0 |
| ELECTROVAYA INC | COM NEW | 28617B606 |  | 304273 | 51654 | SH |  | OTR | 1 | 0 | 51654 | 0 |
| ELECTROVAYA INC | COM NEW | 28617B606 |  | 827340 | 140446 | SH |  | SOLE |  | 140446 | 0 | 0 |
| ELUTIA INC | CL A COM | 05479K106 |  | 1018041 | 1143609 | SH |  | OTR | 1 | 0 | 1143609 | 0 |
| ELUTIA INC | CL A COM | 05479K106 |  | 1799556 | 2021519 | SH |  | SOLE |  | 2021519 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | COM | 29664W105 |  | 2074950 | 783000 | SH |  | OTR | 1 | 0 | 783000 | 0 |
| ESPERION THERAPEUTICS INC NE | COM | 29664W105 |  | 5875050 | 2217000 | SH |  | SOLE |  | 2217000 | 0 | 0 |
| FENNEC PHARMACEUTICALS INC | COM | 31447P100 |  | 1663160 | 177688 | SH |  | OTR | 1 | 0 | 177688 | 0 |
| FENNEC PHARMACEUTICALS INC | COM | 31447P100 |  | 4715690 | 503813 | SH |  | SOLE |  | 503813 | 0 | 0 |
| GRACE THERAPEUTICS INC | COM | 00439U104 |  | 703459 | 236855 | SH |  | OTR | 1 | 0 | 236855 | 0 |
| GRACE THERAPEUTICS INC | COM | 00439U104 |  | 1995668 | 670362 | SH |  | SOLE |  | 670362 | 0 | 0 |
| IDEAL PWR INC | COM NEW | 451622203 |  | 676284 | 134450 | SH |  | OTR | 1 | 0 | 134450 | 0 |
| IDEAL PWR INC | COM NEW | 451622203 |  | 1900557 | 378597 | SH |  | SOLE |  | 378597 | 0 | 0 |
| LARIMAR THERAPEUTICS INC | COM | 517125100 |  | 843030 | 261000 | SH |  | OTR | 1 | 0 | 261000 | 0 |
| LARIMAR THERAPEUTICS INC | COM | 517125100 |  | 2386970 | 739000 | SH |  | SOLE |  | 739000 | 0 | 0 |
| LIGHTPATH TECHNOLOGIES INC | COM CL A | 532257805 |  | 1897419 | 239271 | SH |  | OTR | 1 | 0 | 239271 | 0 |
| LIGHTPATH TECHNOLOGIES INC | COM CL A | 532257805 |  | 5239581 | 660729 | SH |  | SOLE |  | 660729 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 4073166 | 665550 | SH |  | OTR | 1 | 0 | 665550 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 11532834 | 1884450 | SH |  | SOLE |  | 1884450 | 0 | 0 |
| MAXLINEAR INC | COM | 57776J100 |  | 4648053 | 289058 | SH |  | OTR | 1 | 0 | 289058 | 0 |
| MAXLINEAR INC | COM | 57776J100 |  | 13160612 | 818446 | SH |  | SOLE |  | 818446 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 900105 | 3683908 | SH | Call | OTR | 1 | 0 | 260900 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 10436092 | 739100 | SH | Call | SOLE |  | 739100 | 0 | 0 |
| NEURAXIS INC | COM | 64134X201 |  | 315885 | 102560 | SH |  | OTR | 1 | 0 | 102560 | 0 |
| NEURAXIS INC | COM | 64134X201 |  | 916115 | 297440 | SH |  | SOLE |  | 297440 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 4559020 | 153865 | SH |  | OTR | 1 | 0 | 153865 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 13222032 | 446238 | SH |  | SOLE |  | 446238 | 0 | 0 |
| PERSONALIS INC | COM | 71535D106 |  | 6615394 | 1014631 | SH |  | OTR | 1 | 0 | 1014631 | 0 |
| PERSONALIS INC | COM | 71535D106 |  | 18761104 | 2877470 | SH |  | SOLE |  | 2877470 | 0 | 0 |
| PHATHOM PHARMACEUTICALS INC | COM | 71722W107 |  | 1305199 | 110892 | SH |  | OTR | 1 | 0 | 110892 | 0 |
| PHATHOM PHARMACEUTICALS INC | COM | 71722W107 |  | 3744131 | 318108 | SH |  | SOLE |  | 318108 | 0 | 0 |
| POLYPID LTD | COM | M8001Q126 |  | 978949 | 293538 | SH |  | OTR | 1 | 0 | 293538 | 0 |
| POLYPID LTD | COM | M8001Q126 |  | 2573253 | 771590 | SH |  | SOLE |  | 771590 | 0 | 0 |
| RENOVORX INC | COM NEW | 75989R107 |  | 878539 | 691763 | SH |  | OTR | 1 | 0 | 691763 | 0 |
| RENOVORX INC | COM NEW | 75989R107 |  | 2442756 | 1923430 | SH |  | SOLE |  | 1923430 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 8199576 | 73080 | SH |  | OTR | 1 | 0 | 73080 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 23216424 | 206920 | SH |  | SOLE |  | 206920 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | CALL | G7997R903 |  | 3057354 | 12322332 | SH | Call | OTR | 1 | 0 | 52200 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | CALL | G7997R903 |  | 34889668 | 147800 | SH | Call | SOLE |  | 147800 | 0 | 0 |
| SMARTKEM INC | COM NEW | 83193D203 |  | 32348 | 19255 | SH |  | OTR | 1 | 0 | 19255 | 0 |
| SMARTKEM INC | COM NEW | 83193D203 |  | 682117 | 406022 | SH |  | SOLE |  | 406022 | 0 | 0 |
| TALPHERA INC | COM NEW | 00444T209 |  | 1285790 | 1439532 | SH |  | OTR | 1 | 0 | 1439532 | 0 |
| TALPHERA INC | COM NEW | 00444T209 |  | 2693010 | 3015013 | SH |  | SOLE |  | 3015013 | 0 | 0 |
| VELO3D INC | COM NEW | 92259N302 |  | 1378095 | 448891 | SH |  | OTR | 1 | 0 | 448891 | 0 |
| VELO3D INC | COM NEW | 92259N302 |  | 3901918 | 1270983 | SH |  | SOLE |  | 1270983 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 2090557 | 65228 | SH |  | OTR | 1 | 0 | 65228 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 5921943 | 184772 | SH |  | SOLE |  | 184772 | 0 | 0 |
| VUZIX CORP | COM NEW | 92921W300 |  | 734129 | 234546 | SH |  | OTR | 1 | 0 | 234546 | 0 |
| VUZIX CORP | COM NEW | 92921W300 |  | 2078639 | 664102 | SH |  | SOLE |  | 664102 | 0 | 0 |
| ZEVRA THERAPEUTICS INC | COM NEW | 488445206 |  | 3056780 | 321428 | SH |  | OTR | 1 | 0 | 321428 | 0 |
| ZEVRA THERAPEUTICS INC | COM NEW | 488445206 |  | 626400 | 2482110 | SH | Call | OTR | 1 | 0 | 261000 | 0 |
| ZEVRA THERAPEUTICS INC | COM NEW | 488445206 |  | 8658893 | 910504 | SH |  | SOLE |  | 910504 | 0 | 0 |
| ZEVRA THERAPEUTICS INC | COM NEW | 488445206 |  | 7027890 | 739000 | SH | Call | SOLE |  | 739000 | 0 | 0 |

---