0001213900-21-005125.txt : 20210129 0001213900-21-005125.hdr.sgml : 20210129 20210129063105 ACCESSION NUMBER: 0001213900-21-005125 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210129 DATE AS OF CHANGE: 20210129 GROUP MEMBERS: DANIEL B. ASHER GROUP MEMBERS: MITCHELL P. KOPIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Akers Biosciences, Inc. CENTRAL INDEX KEY: 0001321834 STANDARD INDUSTRIAL CLASSIFICATION: IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835] IRS NUMBER: 000000000 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88005 FILM NUMBER: 21568002 BUSINESS ADDRESS: STREET 1: 201 GROVE RD CITY: THOROFARE STATE: NJ ZIP: 08086 BUSINESS PHONE: 856-848-8698 MAIL ADDRESS: STREET 1: 201 GROVE RD CITY: THOROFARE STATE: NJ ZIP: 08086 FORMER COMPANY: FORMER CONFORMED NAME: Akers Biosciences Inc DATE OF NAME CHANGE: 20050325 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTRACOASTAL CAPITAL, LLC CENTRAL INDEX KEY: 0001646799 IRS NUMBER: 320460881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 PALM TRAIL CITY: DELRAY BEACH STATE: FL ZIP: 33483 BUSINESS PHONE: 8475629030 MAIL ADDRESS: STREET 1: 245 PALM TRAIL CITY: DELRAY BEACH STATE: FL ZIP: 33483 SC 13G/A 1 ea134079-13ga1intra_akers.htm AMENDMENT NO. 1 TO SCHEDULE 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Akers Biosciences, Inc.

(Name of Issuer)

Common Stock, no par value per share

(Title of Class of Securities)

00973E409

(CUSIP Number)

December 31, 2020

(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).

Page 1 of 6

CUSIP No.

00973E409

1.	Names of Reporting Persons.

	Mitchell P. Kopin
2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	(a)
	(b)
3.	SEC Use Only

4.	Citizenship or Place of Organization United States of America

Number of

Shares Beneficially

Owned by Each

Reporting

Person With:

Sole Voting Power

Shared Voting Power

1,459,458

Sole Dispositive Power

Shared Dispositive Power

1,459,458

9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.	Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
12.	Type of Reporting Person (See Instructions)

	IN; HC

Page 2 of 6

CUSIP No.

00973E409

1.	Names of Reporting Persons.

	Daniel B. Asher
2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	(a)
	(b)
3.	SEC Use Only

4.	Citizenship or Place of Organization United States of America

Number of

Shares Beneficially

Owned by Each

Reporting

Person With:

Sole Voting Power

Shared Voting Power

1,459,458

Sole Dispositive Power

Shared Dispositive Power

1,459,458

9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.	Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
12.	Type of Reporting Person (See Instructions)

	IN; HC

Page 3 of 6

CUSIP No.

00973E409

1.	Names of Reporting Persons.

	Intracoastal Capital LLC
2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	(a)
	(b)
3.	SEC Use Only

4.	Citizenship or Place of Organization Delaware

Number of

Shares Beneficially

Owned by Each

Reporting

Person With:

Sole Voting Power

Shared Voting Power

1,459,458

Sole Dispositive Power

Shared Dispositive Power

1,459,458

9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,459,458 (see Item 4)
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.	Percent of Class Represented by Amount in Row (9) 7.5% (see Item 4)
12.	Type of Reporting Person (See Instructions)

	OO

Page 4 of 6

This Amendment No. 1 is being filed jointly by the Reporting Persons and amends the Schedule 13G initially filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on November 20, 2020 (the “Schedule 13G”).

Except as set forth below, all Items of the Schedule 13G remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13G.

Item 4. Ownership.

(a) and (b):

As of the close of business on December 31, 2020, each of the Reporting Persons may have been deemed to have beneficial ownership of 1,459,458 shares of Common Stock, which consisted of (i) 729,729 shares of Common Stock held by Intracoastal and (ii) 729,729 shares of Common Stock issuable upon exercise of a Intracoastal Warrant 1, and all such shares of Common Stock in the aggregate represented beneficial ownership of approximately 7.5% of the Common Stock, based on (1) 8,859,868 shares of Common Stock outstanding as of November 16, 2020 as reported by the Issuer, plus (2) 9,765,933 shares of Common Stock issued at the closing of the transaction contemplated by the SPA and (3) 729,729 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes 195 shares of Common Stock issuable upon an exercise of Intracoastal Warrant 2 because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates, and any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock. Without such blocker provision, each of the Reporting Persons may have been deemed to have beneficial ownership of 1,459,653 shares of Common Stock.

(i) Sole power to vote or to direct the vote: 0 .

(ii) Shared power to vote or to direct the vote: 1,459,458 .

(iii) Sole power to dispose or to direct the disposition of 0 .

(iv) Shared power to dispose or to direct the disposition of 1,459,458 .

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, other than activities solely in connection with a nomination under §240.14a-11.

Page 5 of 6

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: January 29, 2021

	/s/ Mitchell P. Kopin
	Mitchell P. Kopin

	/s/ Daniel B. Asher
	Daniel B. Asher

	Intracoastal Capital LLC

	By:	/s/ Mitchell P. Kopin
		Mitchell P. Kopin, Manager

Page 6 of 6