[SCHEDULE 13G/A] Everspin Technologies, Inc SEC Filing

Rhea-AI Filing Summary

Lynrock Lake entities and Cynthia Paul report beneficial ownership of 1,861,248 shares of Everspin Technologies, Inc. common stock, representing 8.2% of the 22,570,591 shares outstanding as of June 30, 2025. The filings state Lynrock Lake LP serves as investment manager for Lynrock Lake Master Fund, with delegated sole voting and dispositive power over the shares, and Cynthia Paul is the CIO and sole member of the entities that exercise that authority. The reporting persons certify the shares were acquired in the ordinary course of business and not to change or influence control of the issuer.

Positive

• Material disclosure of an 8.2% stake (1,861,248 shares) provides transparency to the market
• Sole voting and dispositive power is clearly stated for Lynrock Lake LP, clarifying who controls voting decisions
• Certification that shares were acquired in the ordinary course and not to influence control

Negative

• None.

Insights

Securities Analyst

TL;DR: A single investment group disclosed an 8.2% stake, a material passive position that could influence market perception.

The reported 1,861,248-share stake equals 8.2% of outstanding common stock, exceeding the 5% disclosure threshold and therefore is material information for investors and analysts. The filing attributes sole voting and dispositive power to Lynrock Lake LP over shares held by Lynrock Lake Master, and Cynthia Paul is identified as the individual with delegated authority. The certification that the position is held in the ordinary course and not for control purposes suggests a passive or investment-oriented stake rather than an activist intent, but the size of the holding may still prompt market attention and monitoring of future SEC filings for changes.

Corporate Governance Expert

TL;DR: Ownership is sizable but the filer states no intent to influence control; governance impacts appear limited based on this filing.

The Schedule 13G/A identifies ownership and voting/dispositive powers clearly and includes the required certification that the shares were not acquired to change control. From a governance perspective, the disclosed facts do not indicate imminent board or control actions. Nonetheless, an 8.2% holder is large enough that any future change in intent or coordination with other shareholders would become material and should be watched via subsequent amendments or Schedule 13D filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

EVERSPIN TECHNOLOGIES INC.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

30041T104

(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. 30041T104

1

Names of Reporting Persons

Lynrock Lake 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 1,861,248.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,861,248.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,861,248.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 30041T104

1

Names of Reporting Persons

LYNROCK LAKE PARTNERS 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 1,861,248.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,861,248.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,861,248.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13G

CUSIP No. 30041T104

1

Names of Reporting Persons

Paul Cynthia

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 1,861,248.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,861,248.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,861,248.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EVERSPIN TECHNOLOGIES INC.
(b)	Address of issuer's principal executive offices: 5670 W. Chandler Boulevard, Suite 130, Chandler, Arizona, 85226
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by (i) Lynrock Lake LP, (ii) Lynrock Lake Partners LLC, and (iii) Cynthia Paul (collectively, the "Reporting Persons"). This statement relates to shares of Common Stock, par value $0.0001 ("Common Stock"), of Everspin Technologies, Inc. (the "Issuer") held by Lynrock Lake Master Fund LP ("Lynrock Lake Master"). Lynrock Lake LP (the "Investment Manager") is the investment manager of Lynrock Lake Master, and pursuant to an investment management agreement, the Investment Manager has been delegated full voting and investment power over securities of the Issuer held by Lynrock Lake Master. Cynthia Paul, the Chief Investment Officer of the Investment Manager and Sole Member of Lynrock Lake Partners LLC, the general partner of the Investment Manager, may be deemed to exercise voting and investment power over securities of the Issuer held by Lynrock Lake Master.
(b)	Address or principal business office or, if none, residence: The principal business address of the Reporting Persons is 2 International Drive, Suite 130, Rye Brook, NY 10573.
(c)	Citizenship: (i) Lynrock Lake LP is a Delaware limited partnership, (ii) Lynrock Lake Partners LLC is a Delaware limited liability company, and (iii) Cynthia Paul is an individual and is a citizen of the United States.
(d)	Title of class of securities: Common Stock, par value $0.0001
(e)	CUSIP No.: 30041T104
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: Amount beneficially owned as of June 30, 2025: Lynrock Lake LP - 1,861,248 Lynrock Lake Partners LLC - 1,861,248 Cynthia Paul - 1,861,248
(b)	Percent of class: Percent of class as of June 30, 2025: Lynrock Lake LP - 8.2% Lynrock Lake Partners LLC - 8.2% Cynthia Paul - 8.2% Based on 22,570,591 shares of Common Stock outstanding as of June 30, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: As of June 30, 2025, the Reporting Persons had sole power to vote or to direct the vote of 1,861,248 shares of Common Stock.
	(ii) Shared power to vote or to direct the vote: As of June 30, 2025, the Reporting Persons had shared power to vote or to direct the vote of 0 shares of Common Stock.
	(iii) Sole power to dispose or to direct the disposition of: As of June 30, 2025, the Reporting Persons had sole power to dispose or to direct the disposition of 1,861,248 shares of Common Stock.
	(iv) Shared power to dispose or to direct the disposition of: As of June 30, 2025, the Reporting Persons had shared power to dispose or to direct the disposition of 0 shares of Common Stock.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. As disclosed in Item 4 of this Schedule 13G, as of June 30, 2025, Lynrock Lake Master directly held 1,861,248 shares of the Issuer's Common Stock. Certain feeder funds that invest in Lynrock Lake Master may have the right to receive dividends from, or the proceeds from the sale of, the securities directly held by Lynrock Lake Master.
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.

Lynrock Lake LP

Signature:	/s/ Cynthia Paul
Name/Title:	Cynthia Paul / Sole Member of Lynrock Lake Partners LLC, its general partner
Date:	08/14/2025

LYNROCK LAKE PARTNERS LLC

Signature:	/s/ Cynthia Paul
Name/Title:	Cynthia Paul / Sole Member
Date:	08/14/2025

Paul Cynthia

Signature:	/s/ Cynthia Paul
Name/Title:	Cynthia Paul / Self
Date:	08/14/2025

FAQ

How many Everspin (MRAM) shares does Lynrock Lake report owning?

The filing reports 1,861,248 shares, representing 8.2% of common stock as of June 30, 2025.

Who holds the voting and dispositive power over these shares?

Lynrock Lake LP is reported to have sole voting and sole dispositive power over the 1,861,248 shares.

Does the filing indicate intent to influence control of Everspin?

No; the certification states the securities were not acquired to change or influence control and are held in the ordinary course of business.

Which individuals and entities filed this Schedule 13G/A?

The reporting persons are Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul.

What is the filing date and reference share count used to calculate the percentage?

The ownership is reported as of June 30, 2025, based on 22,570,591 shares outstanding as reported by the issuer.