Schedule 13D Filing for Airgain, Inc.
This Schedule 13D filing pertains to Airgain, Inc. and details the beneficial ownership of its common stock. Timothy O'Connell, Haluk L. Bayraktar, and Emre Aciksoz are the reporting persons. O'Connell, a US citizen, is an investor. Bayraktar, a Turkish citizen, is CEO of Baykar Technologies. Aciksoz, a Turkish citizen, is also an investor. Collectively, they may be considered a group, beneficially owning 960,375 shares, representing 7.9% of the outstanding common stock. The shares were acquired using individual investment capital, with an aggregate purchase price of approximately $4,636,451. The reporting persons believe the shares are undervalued and that the Issuer's Board has been ineffective in creating shareholder value, citing a significant stock price decline since the IPO and a lack of dividends. They estimate a potential sale of the company could yield $11-$13 per share. The reporting persons intend to engage with the Issuer's management and Board regarding these concerns and may seek to replace board members to facilitate a sale or other value-maximizing transaction. They also plan to engage with other shareholders and will continue to review their investment.