Monitor for any subsequent conversion to Schedule 13D, which would signal activist intent. The 7.6% stake is notable but passive — no immediate catalyst. Watch for any 13F filings from AIGH Capital Management to assess position changes.
Price Chart
Executive Summary
Orin Hirschman and affiliated entities (AIGH Capital Management LLC, AIGH Investment Partners LLC) disclosed a 7.6% passive stake in EDAP TMS SA via Schedule 13G, representing 3,486,246 American Depositary Shares. The filing certifies the stake was acquired in the ordinary course of business with no intent to influence control, making it a routine passive disclosure with limited immediate market impact.
Key Financial Metrics
Key Facts
- Orin Hirschman and affiliates hold 3,486,246 American Depositary Shares, representing 7.6% of EDAP TMS SA
- The stake is held through AIGH Capital Management LLC (as advisor/sub-advisor), AIGH Investment Partners LLC (directly), and Orin Hirschman (directly and indirectly)
- Filed as a passive Schedule 13G under Rule 13d-1(b), certifying no intent to influence or change control
- Filing date: October 19, 2026; beneficial ownership as of September 30, 2026
- Reporting persons' principal business address: 6006 Berkeley Avenue, Baltimore, MD 21209
Financial Impact
7.6% stake valued at approximately $3.5 million based on 3,486,246 ADSs; no transaction details disclosed
Risk Factors
- Potential future conversion to Schedule 13D if reporting persons change intent
- No disclosed catalyst or operational insight from this passive filing
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001493152-26-047539 |
| Document: 0001493152-26-047539-index.html | 0001493152-26-047539 |
| Document: 0001493152-26-047539.txt | 0001493152-26-047539 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $4.15 | awaiting T+20 | — | $4.12 (−0.72%) |
Oct 19, 2026 8d ago | SC 13G | $4.07 | awaiting T+20 | — | $4.12 (+1.23%) |
Aug 19, 2026 9w ago | 8-K | $4.36 $4.28 | ▲ +1.83% | ▼ −0.12% | $4.12 (+5.50%) |
Aug 14, 2026 10w ago | 8-K | $4.76 $4.11 | ▲ +13.66% | ▲ +11.66% | $4.12 (+13.45%) |
Aug 13, 2026 10w ago | 8-K | $4.76 $4.11 | ▼ −13.66% | ▼ −11.66% | $4.12 (−13.45%) |
Aug 11, 2026 11w ago | Press Release | $4.75 $4.16 | ▼ −12.42% | ▼ −10.52% | $4.12 (−13.26%) |
Aug 11, 2026 11w ago | 8-K | $4.75 $4.16 | ▼ −12.42% | ▼ −10.52% | $4.12 (−13.26%) |
Jul 30, 2026 12w ago | Press Release | $6.12 $4.31 | ▼ −29.58% | ▼ −32.56% | $4.12 (−32.68%) |
US Market Status
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