Alpha Cognition Inc. reports beneficial ownership by Funicular Funds, Cable Car Capital and Jacob Ma-Weaver of 1,060,212 shares, representing 4.9% of Common Stock based on 21,742,104 shares outstanding reported in the Form 10-Q dated November 13, 2025. The filing lists identical holdings for Funicular Funds, LP; Cable Car Capital, LP; and Jacob Ma-Weaver, each shown with 1,060,212 shares and sole voting and dispositive power. The signatures are dated February 18, 2026.
Positive
None.
Negative
None.
Insights
Large investor group reported a common 4.9% stake of Alpha Cognition.
The filing shows Funicular Funds, LP; Cable Car Capital, LP; and Jacob Ma‑Weaver each as beneficial holders of 1,060,212 shares, representing 4.9% of 21,742,104 shares outstanding as of November 13, 2025.
Beneficial ownership is recorded with sole voting and dispositive power; the filing is an amendment and is signed on February 18, 2026. Subsequent filings would disclose any changes in stake.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Alpha Cognition Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
02074J501
(CUSIP Number)
12/31/2025
(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)
SCHEDULE 13G
CUSIP No.
02074J501
1
Names of Reporting Persons
Funicular Funds, LP
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:
5
Sole Voting Power
1,060,212.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,060,212.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,060,212.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,060,212 shares of Common Stock (the "Shares"). The foregoing calculation is based upon 21,742,104 Shares outstanding as reported by the Issuer on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.
SCHEDULE 13G
CUSIP No.
02074J501
1
Names of Reporting Persons
Cable Car Capital, LP
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:
5
Sole Voting Power
1,060,212.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,060,212.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,060,212.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
PN, IA
Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,060,212 Shares. The foregoing calculation is based upon 21,742,104 Shares outstanding as reported by the Issuer on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.
Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the shares held by Funicular Funds, LP.
SCHEDULE 13G
CUSIP No.
02074J501
1
Names of Reporting Persons
Ma-Weaver Jacob
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
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,060,212.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,060,212.00
8
Shared Dispositive Power
1,060,212.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,060,212.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 1,060,212 Shares. The foregoing calculation is based upon 21,742,104 Shares outstanding as reported by the Issuer on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2025.
Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the shares held by Funicular Funds, LP.
Funicular Funds, LP
Cable Car Capital, LP
Jacob Ma-Weaver
(b)
Address or principal business office or, if none, residence:
601 California Street, Suite 1151, San Francisco, CA 94108
(c)
Citizenship:
Funicular Funds, LP - Delaware
Cable Car Capital, LP - Delaware
Jacob Ma-Weaver - United States
(d)
Title of class of securities:
Common Stock, no par value
(e)
CUSIP No.:
02074J501
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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Funicular Funds, LP - 1,060,212
Cable Car Capital, LP - 1,060,212
Jacob Ma-Weaver - 1,060,212
(b)
Percent of class:
Funicular Funds, LP - 4.9%
Cable Car Capital, LP - 4.9%
Jacob Ma-Weaver - 4.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Funicular Funds, LP - 1,060,212
Cable Car Capital, LP - 1,060,212
Jacob Ma-Weaver - 1,060,212
(ii) Shared power to vote or to direct the vote:
Funicular Funds, LP - 0
Cable Car Capital, LP - 0
Jacob Ma-Weaver - 0
(iii) Sole power to dispose or to direct the disposition of:
Funicular Funds, LP - 1,060,212
Cable Car Capital, LP - 1,060,212
Jacob Ma-Weaver - 1,060,212
(iv) Shared power to dispose or to direct the disposition of:
Funicular Funds, LP - 0
Cable Car Capital, LP - 0
Jacob Ma-Weaver - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 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 or Control Person.
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, other than activities solely in connection with a nomination under § 240.14a-11.
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.
What stake does Funicular Funds hold in Alpha Cognition (ACOG)?
Funicular Funds, LP is reported to beneficially own 1,060,212 shares, equal to 4.9% of Common Stock, based on 21,742,104 shares outstanding reported on November 13, 2025. The filing shows sole voting and dispositive power.
Does Jacob Ma‑Weaver directly control the shares in the ACOG filing?
The filing lists Jacob Ma‑Weaver with 1,060,212 shares and shows sole voting and dispositive power for those shares. It also states Cable Car Capital and Cable Car Capital, LP relationships that may cause deemed beneficial ownership under the disclosed structure.
When was the outstanding share count used to calculate the 4.9% in ACOG?
The percentage calculation uses an outstanding share count of 21,742,104 reported in the issuer's Form 10-Q dated November 13, 2025. That figure is cited verbatim in the Schedule 13G/A amendment's ownership comments.
Who signed the Schedule 13G/A amendment for ACOG and when?
The filing is signed by Jacob Ma‑Weaver in multiple capacities, with signature dates shown as February 18, 2026. His signatures appear as Managing Member and in his individual capacity on the amendment.
