SCHEDULE: Intellicheck Stakeholder Filing: 7.5% Ownership by AIGH Capital

AIGH Capital Management, LLC and affiliated entities report beneficial ownership of 7.5% of Intellicheck, Inc. common stock as of March 31, 2026.

Summary

• AIGH Capital Management, LLC, AIGH Investment Partners, L.L.C., and Mr. Orin Hirschman (collectively, the 'Reporting Persons') have jointly filed a Schedule 13G.
• The filing indicates beneficial ownership of 1,517,249 shares of Intellicheck, Inc. common stock.
• This represents 7.5% of the total class of securities.
• The reporting date for this ownership is March 31, 2026.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of ownership and does not inherently signal positive or negative performance or future prospects for Intellicheck, Inc.

Positives

• Significant ownership stake (7.5%) by AIGH Capital Management and affiliated entities, indicating investor confidence.
• The reporting persons hold sole voting and dispositive power over the shares, suggesting clear control over their investment decisions.
• The filing confirms the shares are held in the ordinary course of business, which is a standard and expected practice for institutional investors.

Risks

• While not explicitly stated as a risk, any significant change in ownership or disposition of shares by a major holder like AIGH Capital could impact Intellicheck's stock price.
• The filing does not detail the specific investment strategy or reasons for acquiring this stake, which could be a point of inquiry for other investors.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of current ownership status.

Management Comments

• The Reporting Persons certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. A 7.5% ownership by AIGH Capital Management in Intellicheck, Inc. suggests a notable position, which could be a precursor to further strategic involvement or simply a passive investment.

Stakeholder Impact

• Shareholders: May view the significant stake as a sign of investor confidence, potentially influencing market perception. However, it also means a large block of shares is controlled by one entity, which could impact liquidity if sold rapidly.
• Management: The filing confirms the shares are held in the ordinary course of business, suggesting no immediate intent to influence control, which is a standard assurance.
• Creditors: No direct impact indicated by this filing.

Next Steps

• Monitor future filings from AIGH Capital Management for any changes in their ownership stake.
• Observe Intellicheck, Inc.'s performance and strategic announcements for potential correlation with AIGH Capital's investment.

Key Dates

Keywords

Intellicheck, Schedule 13G, AIGH Capital Management, Orin Hirschman, beneficial ownership, common stock, investment, SEC filing