0001387131-21-005957.txt : 20210521 0001387131-21-005957.hdr.sgml : 20210521 20210521120646 ACCESSION NUMBER: 0001387131-21-005957 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210521 DATE AS OF CHANGE: 20210521 GROUP MEMBERS: ORIN HIRSCHMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bridgeline Digital, Inc. CENTRAL INDEX KEY: 0001378590 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 522263942 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82964 FILM NUMBER: 21947730 BUSINESS ADDRESS: STREET 1: 100 TRADE CENTER, SUITE G-700 CITY: WOBURN STATE: MA ZIP: 01801 BUSINESS PHONE: 781 376 5555 MAIL ADDRESS: STREET 1: 100 TRADE CENTER, SUITE G-700 CITY: WOBURN STATE: MA ZIP: 01801 FORMER COMPANY: FORMER CONFORMED NAME: Bridgeline Software, Inc. DATE OF NAME CHANGE: 20061018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AIGH Capital Management LLC CENTRAL INDEX KEY: 0001835943 IRS NUMBER: 274413262 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G 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 SC 13G 1 blin-sc13g_051421.htm ACQUISITION OF BENEFICIAL OWNERSHIP
 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G 

 

Under the Securities Exchange Act of 1934

 

  Bridgeline Digital, Inc.
  (Name of Issuer)  
     
  Common Stock  
  (Title of Class of Securities)  
     
  10807Q700  
  (CUSIP Number)  
     
  May 14, 2021  
  (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)

 

The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

   
 

 

CUSIP No. 10807Q700   

 

1.

Names of Reporting Persons. AIGH Capital Management, LLC

I.R.S. Identification Nos. of above persons (entities only). 

 27-4413262

2.

Check the Appropriate Box if a Member of a Group (See Instructions) 

(a)  ☐

(b)  ☒

3.

SEC Use Only 

4.

Citizenship of Place of Organization 

Maryland

Number of Shares

Beneficially

5.

Sole Voting Power  

627,419

Owned by
Each
6.

Shared Voting Power 

0

Reporting
Person
7. 

Sole Dispositive Power  

627,4191

 With 8.

Shared Dispositive Power  

9.

Aggregate Amount Beneficially Owned by each Reporting Person 

627,4191

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐ 

11.

Percent of Class Represented by Amount in Row 9 

9.7%

12.

Type of Reporting Person (See Instructions) 

OO

       

 

  1. Excludes 877,193 common shares issuable upon conversion of 2,000 Series D preferred Shares and 438,596 warrants to purchase common shares, due to beneficial ownership exercise limitations on conversion and exercise respectively. 
   
 

 

 

CUSIP No.  10807Q700   

 

1.

Names of Reporting Persons. Orin Hirschman

I.R.S. Identification Nos. of above persons (entities only).  

2.

Check the Appropriate Box if a Member of a Group (See Instructions) 

(a)  ☐

(b)  ☒

3.

SEC Use Only 

4.

Citizenship of Place of Organization 

United States

Number of Shares

Beneficially

5.

Sole Voting Power  

627,419

Owned by
Each
6.

Shared Voting Power  

Reporting
Person
7. 

Sole Dispositive Power  

627,4191

With 8.

Shared Dispositive Power 

9.

Aggregate Amount Beneficially Owned by each Reporting Person 

627,4191

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares  ☐  

11.

Percent of Class Represented by Amount in Row 9 

9.7%

12.

Type of Reporting Person (See Instructions) 

IN

       

 

  1. Excludes 877,193 common shares issuable upon conversion of 2,000 Series D preferred Shares and 438,596 warrants to purchase common shares, due to beneficial ownership exercise limitations on conversion and exercise respectively. 

   
 

 

ITEM 1:

 

(a)  Name of Issuer:

 

Bridgeline Digital Inc.

 

 (b)    Address of Issuer’s Principal Executive Offices:

               

100 Sylvan Road, Suite G-700, Woburn, MA 01801

 

ITEM 2:

 

(a)  Name of Person Filing:

 

This Schedule 13G is being jointly filed by each of the following persons pursuant to Rule 13d-1 promulgated by the Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Act”):

 

(i)   AIGH Capital Management, LLC, a Maryland limited liability company ("AIGH LP"), as an Advisor or Sub-Advisor with respect to shares of Common Stock (as defined in Item 2(d) below) held by AIGH Investment Partners, L.P. and WVP Emerging Manger Onshore Fund, LLC;
   
(ii)  

AIGH Investment Partners, L.L.C., a Delaware limited liability company ("AIGH LLC"), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it;

 

(iii)   Mr. Orin Hirschman ("Mr. Hirschman"), who is the Managing Member of AIGH Capital Management, LLC and president of AIGH LLC, with respect to shares of Common Stock indirectly held by AIGH LP, directly by AIGH LLC and Mr. Hirschman and his family directly.

 

 

AIGH Capital Management LLC., AIGH Investment Partners LLC, and Mr. Hirschman are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

 

(b)  Address of Principal Business Office or, if None, Residence:

 

The principal office and business address of AIGH Investment Partners, L.P., AIGH Investment Partners LLC, and Mr. Hirschman is:

 

6006 Berkeley Avenue

Baltimore MD 21209

 

(c)  Citizenship:

 

See Item 2(a) above and Item 4 of each cover page.

 

(d)  Title of Class of Securities:

 

Common Stock

 

(e)  CUSIP Number:

 

10807Q700 

 

 

   
 

 

 

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 THE PARENT HOLDING COMPANY.

 

Not applicable.

 

ITEM 8:   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

Not applicable.

 

ITEM 9:   NOTICE OF DISSOLUTION OF GROUP.

 

Not applicable.

 

ITEM 10:  CERTIFICATIONS.

 

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.

 

     
       
Dated: May 21, 2021 By: /s/ Orin Hirschman  
    Orin Hirschman,  
    Individually and as (a) managing member of AIGH Capital Management LLC.: and (b) president of AIGH Investment Partners LLC.