Sec Form 13G Filing - NORTH RUN CAPITAL LP @ AIRGAIN INC

Sec Form 13G Filing - NORTH RUN CAPITAL LP filing for AIRGAIN INC (AIRG) - 2023-02-13

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

(Amendment No. 1)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Airgain, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

00938A104

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐

Rule 13d-1(b)

☒

Rule 13d-1(c)

☐

Rule 13d-1(d)

CUSIP No. 00938A104

*	SEE INSTRUCTIONS BEFORE FILLING OUT

**	SEE ITEM 4.

CUSIP No. 00938A104

*	SEE INSTRUCTIONS BEFORE FILLING OUT

**	SEE ITEM 4.

CUSIP No. 00938A104

*	SEE INSTRUCTIONS BEFORE FILLING OUT

**	SEE ITEM 4.

CUSIP No. 00938A104


1	NAME OF REPORTING PERSONS Thomas B. Ellis
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER 0
		6	SHARED VOTING POWER 395,801**
		7	SOLE DISPOSITIVE POWER 0
		8	SHARED DISPOSITIVE POWER 395,801**
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 395,801**
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.9%**
12	TYPE OF REPORTING PERSON* IN

*	SEE INSTRUCTIONS BEFORE FILLING OUT

**	SEE ITEM 4.

AMENDMENT NO. 1 TO SCHEDULE 13G

This Amendment No. 1 to Schedule 13G (this “Amendment”) is being filed on behalf of North Run Capital, LP, a Delaware limited partnership (the “Investment Manager”), North Run Advisors, LLC, a Delaware limited liability company (“North Run”), Todd B. Hammer and Thomas B. Ellis (collectively, the “Reporting Persons”). Todd B. Hammer and Thomas B. Ellis are the principals and sole members of North Run. North Run is the general partner of the Investment Manager. The Investment Manager is the investment manager of certain private pooled investment vehicles (collectively, the “Funds”). This Amendment relates to shares of Common Stock, $0.0001 par value (the “Common Stock”), of Airgain, Inc., a Delaware corporation (the “Issuer”), held by the Funds.

Item 1(a)

Name of Issuer.

Airgain, Inc.

Item 1(b)

Address of Issuer’s Principal Executive Offices.

3611 Valley Centre Drive, Suite 150

San Diego, CA 92130

Item 2(a)

Name of Person Filing.

(1)

North Run Capital, LP

(2)

North Run Advisors, LLC

(3)

Todd B. Hammer

(4)

Thomas B. Ellis

Item 2(b)

Address of Principal Business Office, or, if none, Residence.

For all Filers:

867 Bolyston St.

5th Floor #1361

Boston, MA 02116

Item 2(c)

Citizenship or Place of Organization.

(1)

North Run Capital, LP is a Delaware limited partnership.

(2)

North Run Advisors, LLC is a Delaware limited liability company.

(3)

Todd B. Hammer is a U.S. citizen.

(4)

Thomas B. Ellis is a U.S. citizen.

Item 2(d)

Title of Class of Securities.

Common Stock, $0.0001 par value.

Item 2(e)

CUSIP Number.

00938A104

Item 3

Reporting Person.

Inapplicable

Item 4

Ownership.

(a)

The Investment Manager, North Run, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 395,801 shares of Common Stock.

(b)

The Investment Manager, North Run, Todd B. Hammer and Thomas B. Ellis may be deemed the beneficial owners of 3.9% of the outstanding shares of Common Stock. This percentage was determined by dividing 395,801 by 10,223,536, which is the number of shares of Common Stock outstanding as of November 4, 2022, according to the Issuer’s Form 10-Q filed on November 14, 2022 with the Securities and Exchange Commission.

(c)

The Investment Manager, Todd B. Hammer and Thomas B. Ellis have the shared power to vote and dispose of the 395,801 shares of Common Stock beneficially owned.

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 [X].

Item 6

Ownership of More Than Five Percent on Behalf of Another Person.

Inapplicable.

Item 7

Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

Inapplicable

Item 8

Identification and Classification of Members of the Group.

Inapplicable

Item 9

Notice of Dissolution of Group.

Inapplicable

Item 10

Certification.

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

Date: February 13, 2023


NORTH RUN CAPITAL, LP

By:	North Run Advisors, LLC
	its general partner

	By:	/s/ Thomas B. Ellis*
		Name: Thomas B. Ellis
		Title: Member
	and

	By:	/s/ Todd B. Hammer*
		Name: Todd B. Hammer
		Title: Member

NORTH RUN ADVISORS, LLC

By:	/s/ Thomas B. Ellis*
	Name: Thomas B. Ellis
	Title: Member

and

By:	/s/ Todd B. Hammer*
	Name: Todd B. Hammer
	Title: Member

/s/ Thomas B. Ellis*
Thomas B. Ellis

/s/ Todd B. Hammer*
Todd B. Hammer

* By	/s/ MICHAEL FISHER
	Michael Fisher, Attorney-in-Fact
	Pursuant to Powers of Attorney filed as exhibits hereto

NAME OF REPORTING PERSONS

North Run Capital, LP

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware