[SCHEDULE 13G] Applied DNA Sciences, Inc. SEC Filing
Applied DNA Sciences, Inc. has a Schedule 13G reporting that three related reporting persons—Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC—may be deemed to beneficially own 143,336 shares of common stock, representing 9.99% of the common stock on a diluted basis. The filing explains those shares are issuable upon exercise of a warrant held by Intracoastal ("Intracoastal Warrant 1") and notes blocker provisions that limit exercise to avoid exceeding 9.99% (and a second warrant with a 4.99% blocker). The report lists shared voting and dispositive power over the 143,336 shares and provides addresses and citizenship of the reporting persons. The filing includes signed certifications and a joint filing agreement.
- Transparent disclosure of beneficial ownership equal to 143,336 shares (9.99%) on a diluted basis
- Warrant blocker provisions are explicitly disclosed, clarifying exercise limits that prevent ownership above 9.99% (and 4.99% for the second warrant)
- Reporting persons provided full identifying information including addresses, citizenship/organization and executed certifications
- None.
Insights
TL;DR The reporting persons disclose a near-10% diluted stake via warrants with blocker provisions; ownership is shared rather than sole.
The Schedule 13G shows the reporting persons collectively may be deemed to beneficially own 143,336 shares, equal to 9.99% on a diluted basis based on 1,291,465 reported outstanding shares plus the warrant shares. The ownership arises from a warrant (Intracoastal Warrant 1) and is subject to explicit blocker provisions that prevent exercise above 9.99% (and a second warrant limited to 4.99%). The filing reports shared voting and dispositive power and includes required certifications and signatures, indicating passive disclosure under Schedule 13G rather than an active Section 13(d) acquisition filing.
TL;DR The disclosure is a routine, passive ownership filing documenting a material-but-blocked warrant position and shared control elements.
The document identifies the reporting persons and their principal business addresses and confirms U.S. citizenship/Delaware organization where applicable. It quantifies the dilutive calculation basis (1,291,465 shares outstanding as reported August 12, 2025) and explains exclusions due to blocker provisions for two warrants. The certification language confirms the holders state the position is not intended to change control. The filing form and signatures are complete and conform to Schedule 13G presentation.