AIGH Capital Management LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ZOOM COMMUNICATIONS INC	700,000	$60,403	14.6%	—	—	CALL	98980L901
VNDA	VANDA PHARMACEUTICALS INC	1,998,431	$17,626	4.3%	$5.50	0.0%	COM	921659108
KYTX	KYVERNA THERAPEUTICS INC	1,500,000	$14,100	3.4%	$7.42	0.0%	COM	501976104
ABEO	ABEONA THERAPEUTICS INC	2,000,000	$10,540	2.6%	$5.03	0.0%	COM NEW	00289Y206
—	ZEVRA THERAPEUTICS INC	1,000,000	$8,960	2.2%	—	—	CALL	488445906
IDN	INTELLICHECK INC	1,213,434	$8,106	2.0%	$5.64	0.0%	COM NEW	45817G201
BYRN	BYRNA TECHNOLOGIES INC	394,906	$6,630	1.6%	$19.47	0.0%	COM NEW	12448X201
APYX	APYX MEDICAL CORPORATION	1,104,970	$3,867	0.9%	$3.49	0.0%	COM	03837C106
QNRX	QUOIN PHARMACEUTICALS LTD	49,323	$712	0.2%	$14.43	—	SPONSORED ADS	74907L409

Increased Positions (12)

DAWN DAY ONE BIOPHARMACEUTICALS 4.5%

Value ($000) $18,566 (+73.2%) Shares 1,992,021 (+31.0%) Est. Cost $7.23 Unrealized +15.6%

BKTI BK TECHNOLOGIES CORPORATION 3.8%

Value ($000) $15,772 (+88.6%) Shares 211,453 (+113.6%) Est. Cost $64.84 Unrealized +10.5%

ESPR ESPERION THERAPEUTICS INC 3.6%

Value ($000) $14,800 (+86.2%) Shares 4,000,000 (+33.3%) Est. Cost $2.26 Unrealized +43.1%

FENC FENNEC PHARMACEUTICALS INC 2.9%

Value ($000) $12,178 (+90.9%) Shares 1,581,501 (+132.1%) Est. Cost $7.79 Unrealized +5.4%

DOMO DOMO INC 3.7%

Value ($000) $15,492 (-27.1%) Shares 1,837,762 (+37.0%) Est. Cost $9.68 Unrealized +21.5%

ARDX ARDELYX INC 1.6%

Value ($000) $6,705 (+513.0%) Shares 1,150,000 (+479.3%) Est. Cost $5.55 Unrealized +0.4%

LRMR LARIMAR THERAPEUTICS INC 1.8%

Value ($000) $7,620 (+135.9%) Shares 2,000,000 (+100.0%) Est. Cost $3.82 Unrealized +1.8%

LPTH LIGHTPATH TECHNOLOGIES INC 2.7%

Value ($000) $11,132 (+56.0%) Shares 1,030,738 (+14.5%) Est. Cost $2.64 Unrealized +206.7%

PYPD POLYPID LTD 1.4%

Value ($000) $5,828 (+64.1%) Shares 1,342,972 (+26.1%) Est. Cost $4.20 Unrealized -11.7%

TLPH TALPHERA INC 1.3%

Value ($000) $5,314 (+33.6%) Shares 4,661,502 (+4.6%) Est. Cost $0.61 Unrealized +98.3%

RNXT RENOVORX INC 0.9%

Value ($000) $3,671 (+10.5%) Shares 2,833,894 (+8.4%) Est. Cost $1.15 Unrealized -13.0%

SMTK SMARTKEM INC 0.2%

Value ($000) $719 (+0.6%) Shares 675,000 (+58.7%) Est. Cost $2.98 Unrealized -40.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DAWN	DAY ONE BIOPHARMACEUTICALS	1,992,021 (+31.0%)	$18,566 (+73.2%)	4.5%	$7.23	+15.6%	COM	23954D109
BKTI	BK TECHNOLOGIES CORPORATION	211,453 (+113.6%)	$15,772 (+88.6%)	3.8%	$64.84	+10.5%	COM NEW	05587G203
ESPR	ESPERION THERAPEUTICS INC	4,000,000 (+33.3%)	$14,800 (+86.2%)	3.6%	$2.26	+43.1%	COM	29664W105
FENC	FENNEC PHARMACEUTICALS INC	1,581,501 (+132.1%)	$12,178 (+90.9%)	2.9%	$7.79	+5.4%	COM	31447P100
DOMO	DOMO INC	1,837,762 (+37.0%)	$15,492 (-27.1%)	3.7%	$9.68	+21.5%	COM CL B	257554105
ARDX	ARDELYX INC	1,150,000 (+479.3%)	$6,705 (+513.0%)	1.6%	$5.55	+0.4%	COM	039697107
LRMR	LARIMAR THERAPEUTICS INC	2,000,000 (+100.0%)	$7,620 (+135.9%)	1.8%	$3.82	+1.8%	COM	517125100
LPTH	LIGHTPATH TECHNOLOGIES INC	1,030,738 (+14.5%)	$11,132 (+56.0%)	2.7%	$2.64	+206.7%	COM CL A	532257805
PYPD	POLYPID LTD	1,342,972 (+26.1%)	$5,828 (+64.1%)	1.4%	$4.20	-11.7%	COM	M8001Q126
TLPH	TALPHERA INC	4,661,502 (+4.6%)	$5,314 (+33.6%)	1.3%	$0.61	+98.3%	COM NEW	00444T209
RNXT	RENOVORX INC	2,833,894 (+8.4%)	$3,671 (+10.5%)	0.9%	$1.15	-13.0%	COM NEW	75989R107
SMTK	SMARTKEM INC	675,000 (+58.7%)	$719 (+0.6%)	0.2%	$2.98	-40.1%	COM NEW	83193D203

Exited Positions (13)

MXL MAXLINEAR INC 4.3%

Value ($000) $17,809 Shares 1,107,504 Est. Cost $15.71 Unrealized +3.6%

LUMN LUMEN TECHNOLOGIES INC 3.8%

Value ($000) $15,606 Shares 2,550,000 Est. Cost $4.80 Unrealized +71.5%

GLW CORNING INC 3.0%

Value ($000) $12,347 Shares 3,829,453 Est. Cost — Unrealized —

ZVRA ZEVRA THERAPEUTICS INC 2.8%

Value ($000) $11,716 Shares 1,231,932 Est. Cost $8.72 Unrealized +8.5%

MBLY MOBILEYE GLOBAL INC 2.7%

Value ($000) $11,336 Shares 4,423,008 Est. Cost — Unrealized —

APPS DIGITAL TURBINE INC 2.4%

Value ($000) $9,748 Shares 1,523,068 Est. Cost $4.96 Unrealized +14.0%

VPG VISHAY PRECISION GROUP INC 1.9%

Value ($000) $8,013 Shares 250,000 Est. Cost $23.84 Unrealized +48.4%

ZVRA ZEVRA THERAPEUTICS INC 1.9%

Value ($000) $7,654 Shares 3,221,110 Est. Cost $8.72 Unrealized +8.5%

VELO VELO3D INC 1.3%

Value ($000) $5,280 Shares 1,719,874 Est. Cost $3.07 Unrealized —

PHAT PHATHOM PHARMACEUTICALS INC 1.2%

Value ($000) $5,049 Shares 429,000 Est. Cost $10.32 Unrealized +38.4%

AMBA AMBARELLA INC 1.0%

Value ($000) $4,126 Shares 50,000 Est. Cost $72.62 Unrealized +11.3%

VUZI VUZIX CORP 0.7%

Value ($000) $2,813 Shares 898,648 Est. Cost $2.36 Unrealized +33.2%

ELVA ELECTROVAYA INC 0.3%

Value ($000) $1,132 Shares 192,100 Est. Cost $3.86 Unrealized +56.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MXL	MAXLINEAR INC	1,107,504	$17,809	4.3%	$15.71	+3.6%	—	57776J100
LUMN	LUMEN TECHNOLOGIES INC	2,550,000	$15,606	3.8%	$4.80	+71.5%	—	550241103
GLW	CORNING INC	3,829,453	$12,347	3.0%	—	—	CALL	219350105
ZVRA	ZEVRA THERAPEUTICS INC	1,231,932	$11,716	2.8%	$8.72	+8.5%	—	488445206
MBLY	MOBILEYE GLOBAL INC	4,423,008	$11,336	2.7%	—	—	CALL	60741F104
APPS	DIGITAL TURBINE INC	1,523,068	$9,748	2.4%	$4.96	+14.0%	—	25400W102
VPG	VISHAY PRECISION GROUP INC	250,000	$8,013	1.9%	$23.84	+48.4%	—	92835K103
ZVRA	ZEVRA THERAPEUTICS INC	3,221,110	$7,654	1.9%	$8.72	+8.5%	CALL	488445206
VELO	VELO3D INC	1,719,874	$5,280	1.3%	$3.07	—	—	92259N302
PHAT	PHATHOM PHARMACEUTICALS INC	429,000	$5,049	1.2%	$10.32	+38.4%	—	71722W107
AMBA	AMBARELLA INC	50,000	$4,126	1.0%	$72.62	+11.3%	—	G037AX101
VUZI	VUZIX CORP	898,648	$2,813	0.7%	$2.36	+33.2%	—	92921W300
ELVA	ELECTROVAYA INC	192,100	$1,132	0.3%	$3.86	+56.7%	—	28617B606

Decreased Positions (9)

— SEAGATE TECHNOLOGY HLDNGS 1.3%

Value ($000) $5,508 (-85.5%) Shares 20,000 (-99.8%) Est. Cost — Unrealized —

ARQ ARQ INC 1.8%

Value ($000) $7,433 (-59.8%) Shares 2,273,092 (-11.9%) Est. Cost $6.70 Unrealized -27.1%

CSTL CASTLE BIOSCIENCES INC 5.9%

Value ($000) $24,302 (+50.9%) Shares 624,719 (-11.7%) Est. Cost $20.31 Unrealized +58.7%

PSNL PERSONALIS INC 5.6%

Value ($000) $23,084 (-9.0%) Shares 2,900,000 (-25.5%) Est. Cost $4.21 Unrealized +107.7%

IPWR IDEAL PWR INC 0.4%

Value ($000) $1,520 (-41.0%) Shares 491,989 (-4.1%) Est. Cost $8.81 Unrealized -50.0%

ELUT ELUTIA INC 0.5%

Value ($000) $2,125 (-24.6%) Shares 3,068,185 (-3.1%) Est. Cost $3.27 Unrealized -76.8%

COYA COYA THERAPEUTICS INC 1.4%

Value ($000) $5,657 (-10.2%) Shares 975,404 (-11.8%) Est. Cost $5.88 Unrealized +3.4%

BFRI BIOFRONTERA INC 0.1%

Value ($000) $522 (-49.4%) Shares 915,210 (-12.5%) Est. Cost $1.08 Unrealized -16.1%

APRE APREA THERAPEUTICS INC 0.1%

Value ($000) $316 (-60.3%) Shares 370,541 (-31.3%) Est. Cost $6.87 Unrealized -82.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SEAGATE TECHNOLOGY HLDNGS	20,000 (-99.8%)	$5,508 (-85.5%)	1.3%	—	—	CALL	G7997R903
ARQ	ARQ INC	2,273,092 (-11.9%)	$7,433 (-59.8%)	1.8%	$6.70	-27.1%	COM	00770C101
CSTL	CASTLE BIOSCIENCES INC	624,719 (-11.7%)	$24,302 (+50.9%)	5.9%	$20.31	+58.7%	COM	14843C105
PSNL	PERSONALIS INC	2,900,000 (-25.5%)	$23,084 (-9.0%)	5.6%	$4.21	+107.7%	COM	71535D106
IPWR	IDEAL PWR INC	491,989 (-4.1%)	$1,520 (-41.0%)	0.4%	$8.81	-50.0%	COM NEW	451622203
ELUT	ELUTIA INC	3,068,185 (-3.1%)	$2,125 (-24.6%)	0.5%	$3.27	-76.8%	CL A COM	05479K106
COYA	COYA THERAPEUTICS INC	975,404 (-11.8%)	$5,657 (-10.2%)	1.4%	$5.88	+3.4%	COMMON STOCK	22407B108
BFRI	BIOFRONTERA INC	915,210 (-12.5%)	$522 (-49.4%)	0.1%	$1.08	-16.1%	COM NEW	09077D209
APRE	APREA THERAPEUTICS INC	370,541 (-31.3%)	$316 (-60.3%)	0.1%	$6.87	-82.1%	COM NEW	03836J201

Unchanged Positions (4)

SNDK SANDISK CORP 16.1%

Value ($000) $66,466 Shares 280,000 Est. Cost $58.39 Unrealized +243.0%

LASR NLIGHT INC 5.4%

Value ($000) $22,510 Shares 600,103 Est. Cost $12.42 Unrealized +168.8%

NRXS NEURAXIS INC 0.4%

Value ($000) $1,816 Shares 400,000 Est. Cost $2.35 Unrealized +27.4%

GRCE GRACE THERAPEUTICS INC 0.8%

Value ($000) $3,146 Shares 907,217 Est. Cost $3.26 Unrealized -2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNDK	SANDISK CORP	280,000	$66,466	16.1%	$58.39	+243.0%	COM	80004C200
LASR	NLIGHT INC	600,103	$22,510	5.4%	$12.42	+168.8%	COM	65487K100
NRXS	NEURAXIS INC	400,000	$1,816	0.4%	$2.35	+27.4%	COM	64134X201
GRCE	GRACE THERAPEUTICS INC	907,217	$3,146	0.8%	$3.26	-2.5%	COM	00439U104