DG Capital and Dov Gertzulin Disclose 5.2% Position in Anterix (ATEX)

Rhea-AI Filing Summary

Anterix Inc.'s Schedule 13G discloses that DG Capital Management, LLC and its managing member, Dov Gertzulin, report beneficial ownership of 975,739 shares of Anterix common stock, representing 5.2% of the class based on 18,695,874 shares outstanding. The reported Shares are held by private investment funds and separately managed accounts for which DG Capital serves as investment manager and include shares that can be acquired upon exercise of options.

Both reporting persons state they have no sole voting or dispositive power and instead have shared voting and dispositive power over the 975,739 shares. The filing disclaims beneficial ownership except to the extent of any pecuniary interest and certifies the securities were acquired and are held in the ordinary course of business.

Positive

• Reporting persons disclose a meaningful stake of 975,739 shares, equal to 5.2% of outstanding common stock.
• The filing clearly states the shares are held by private funds and separately managed accounts for which DG Capital is investment manager, showing transparent ownership structure.
• The report specifies that the stake includes shares acquirable upon exercise of options, clarifying the basis for the percentage calculation.

Negative

• None.

Insights

Securities Analyst

TL;DR Reporting persons disclose a meaningful >5% stake (975,739 shares) held via managed funds and option rights, with shared voting power.

This Schedule 13G is a routine, non-activist disclosure showing that DG Capital Management and Dov Gertzulin collectively report 975,739 shares or 5.2% of Anterix. The stake is held through private funds and separately managed accounts, and the filing explicitly includes shares acquirable upon option exercise. Importantly, the filing states no sole voting or dispositive power, indicating control remains shared rather than concentrated. For investors, this is material ownership information but does not signal an intent to influence control.

Corporate Governance Expert

TL;DR A >5% disclosure signals a material stake but the filing clarifies shared, not sole, voting/dispositive authority and disclaims control intent.

The report identifies DG Capital Management, LLC as investment manager and Dov Gertzulin as managing member, with the reported shares held by DG-related funds and accounts. The filing's disclaimer that the Reporting Persons do not claim beneficial ownership beyond pecuniary interest, together with explicit confirmation of shared voting/dispositive power and acquisition in the ordinary course of business, suggests this is a compliance disclosure rather than an attempt to aggregate control or launch coordinated governance actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Anterix Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

03676C100

(CUSIP Number)

06/30/2025

(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. 03676C100

1

Names of Reporting Persons

DG Capital Management, 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:

5	Sole Voting Power 0.00
6	Shared Voting Power 975,739.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 975,739.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

975,739.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP No. 03676C100

1

Names of Reporting Persons

Dov Gertzulin

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 0.00
6	Shared Voting Power 975,739.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 975,739.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

975,739.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Anterix Inc.
(b)	Address of issuer's principal executive offices: 3 Garret Mountain Plaza, Suite 401 Woodland Park, NJ 07424
Item 2.
(a)	Name of person filing: DG Capital Management, LLC* Dov Gertzulin*
(b)	Address or principal business office or, if none, residence: 460 Park Avenue, 22nd Floor New York, NY 10022
(c)	Citizenship: DG Capital Management, LLC - Delaware Dov Gertzulin - United States
(d)	Title of class of securities: Common Stock, $0.0001 par value
(e)	CUSIP No.: 03676C100
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: DG Capital Management, LLC: 975,739* Dov Gertzulin: 975,739* *The Common Stock (the "Shares") of Anterix Inc. (the "Issuer") reported herein represents Shares that are held and approximate number of Shares that can be acquired through the exercise of options by private investment funds and separately managed accounts (the "DG Entities") for which DG Capital Management, LLC serves as the investment manager (the "Investment Manager"). Dov Gertzulin serves as the managing member of the Investment Manager (the "Managing Member," and collectively with the DG Entities and the Investment Manager, the "Reporting Persons.") By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the DG Entities. The percent of class reported herein is based upon statements in the Issuer's Form 10-K filed on June 24, 2025 that there were 18,695,874 Shares outstanding as of June 18, 2025 plus the approximate total number of Shares that the Reporting Persons can acquire upon the exercise of options in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934 (the "Act"). This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Act, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Persons pecuniary interest, if any, therein.
(b)	Percent of class: DG Capital Management, LLC - 5.2%* Dov Gertzulin - 5.2%*
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: DG Capital Management, LLC - 0 Dov Gertzulin - 0
	(ii) Shared power to vote or to direct the vote: DG Capital Management, LLC - 975,739* Dov Gertzulin - 975,739*
	(iii) Sole power to dispose or to direct the disposition of: DG Capital Management, LLC - 0 Dov Gertzulin - 0
	(iv) Shared power to dispose or to direct the disposition of: DG Capital Management, LLC - 975,739* Dov Gertzulin - 975,739*
Item 5.	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 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.

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.

DG Capital Management, LLC

Signature:	/s/ Dov Gertzulin
Name/Title:	Dov Gertzulin, Managing Member
Date:	08/14/2025

Dov Gertzulin

Signature:	/s/ Dov Gertzulin
Name/Title:	Dov Gertzulin, Individually
Date:	08/14/2025

FAQ

Who filed the Schedule 13G for Anterix (ATEX)?

The filing was made by DG Capital Management, LLC and Dov Gertzulin (individually).

How many Anterix (ATEX) shares are reported and what percent of the class do they represent?

The reporting persons disclose 975,739 shares, representing 5.2% of the outstanding common stock.

Do the reporting persons have sole voting or dispositive power over the shares?

No. The filing reports 0 shares with sole voting or dispositive power and 975,739 shares with shared voting and dispositive power.

Are the reported shares held directly or on behalf of others?

The shares are held by private investment funds and separately managed accounts (the "DG Entities") for which DG Capital serves as investment manager; the amount includes shares acquirable upon option exercise.

Does the filing indicate intent to influence control of Anterix (ATEX)?

The filing certifies the securities were acquired and are held in the ordinary course of business and states they were not acquired for the purpose of changing or influencing control.