Filing Details

Accession Number:
0001140361-22-003768
Form Type:
13G Filing
Publication Date:
2022-02-02 19:00:00
Filed By:
Arbiter Partners Capital Management
Company:
Stereotaxis Inc. (NASDAQ:STXS)
Filing Date:
2022-02-03
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Arbiter Partners QP 2,208,952 2,208,952 2,208,952 3.0%
Arbiter Partners Capital Management 2,270,952 2,270,952 2,270,952 3.0%
Paul J. Isaac 2,270,952 2,270,952 2,270,952 3.0%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Stereotaxis, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

85916J409
(CUSIP Number)

December 31, 2021
(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)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13G
 
CUSIP No.
85916J409
 

1
NAMES OF REPORTING PERSONS
 
 
Arbiter Partners QP, LP
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(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
 
 
2,208,952
 
 
 
 
6
SHARED VOTING POWER
 
 
None
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
2,208,952
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
None
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,208,952
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
PN
 
 
 
 

CUSIP No.
85916J409
 

1
NAMES OF REPORTING PERSONS
 
 
 Arbiter Partners Capital Management LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(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
 
 
None
 
 
 
 
6
SHARED VOTING POWER
 
 
2,270,952
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
None
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
2,270,952
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,270,952
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 

CUSIP No.
85916J409
 

1
NAMES OF REPORTING PERSONS
 
 
Paul J. Isaac
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)☒
 
 
3
SEC USE ONLY
 
 

 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
US citizen
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
None
 
 
 
 
6
SHARED VOTING POWER
 
 
2,270,952
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
None
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
2,270,952
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
2,270,952
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
3.0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IN
 
 
 
 

Item 1.
(a)
Name of Issuer: Stereotaxis, Inc.
(b)
Address of Issuer’s Principal Executive Offices:
4320 Forest Park Avenue Suite 100, St. Louis, Missouri
 
Item 2.
 
(a)
Name of Person Filing:
 
Arbiter Partners QP, LP
Arbiter Partners Capital Management LLC
Paul J. Isaac
 
(b)
Address of Principal Business Office or, if None, Residence:  530 Fifth Avenue, 20th Fl, New York, NY 10036
 
(c)
Citizenship: Arbiter Partners Capital Management LLC and Arbiter Partners QP, LP are Delaware entities. Paul J. Isaac is a US citizen.
 
(d)
Title and Class of Securities: Common Stock
 
(e)
CUSIP No.:  85916J409
 
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;
       
 
(b)
Bank as defined in Section 3(a)(6) of the Act;
       
 
(c)
Insurance company as defined in Section 3(a)(19) of the Act;
       
 
(d)
Investment company registered under Section 8 of the Investment Company Act of 1940;
       
 
(e)
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
       
 
(f)
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
       
 
(g)
A parent holding company or control person in accordance with Rule 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;
       
 
(j)
A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
       
 
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

Item 4.
Ownership

Arbiter Partners QP, LP
 
(a)
Amount Beneficially Owned:  2,208,952
(b)
Percent of Class:  3.0%
(c)
Number of shares as to which such person has:

i.
Sole power to vote or to direct the vote:  2,208,952

ii.
Shared power to vote or to direct the vote: None
  iii.
Sole power to dispose or to direct the disposition of: 2,208,952
  iv.
Shared power to dispose or to direct the disposition of: None

Arbiter Partners Capital Management LLC1
 
(a)
Amount Beneficially Owned:  2,270,952
(b)
Percent of Class:  3.0%
(c)
Number of shares as to which such person has:

v.
Sole power to vote or to direct the vote:  None
  vi.
Shared power to vote or to direct the vote: 2,270,952
  vii.
Sole power to dispose or to direct the disposition of: None
  viii.
Shared power to dispose or to direct the disposition of: 2,270,952

Paul J. Isaac2

(a)
Amount Beneficially Owned:  2,270,952
(b)
Percent of Class:  3.0%
(c)
Number of shares as to which such person has:

i.
Sole power to vote or to direct the vote:  None

ii.
Shared power to vote or to direct the vote: 2,270,952
  iii.
Sole power to dispose or to direct the disposition of: None
  iv.
Shared power to dispose or to direct the disposition of: 2,270,952
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
 
Item 6.
Ownership of more than Five Percent on Behalf of Another Person.

N/A

Item 7.
Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.
 
N/A


1 Arbiter Partners Capital Management LLC, a registered investment adviser, acts as an investment adviser for Arbiter Partners QP, LP as well as certain managed accounts (the "Managed Accounts").
2 Mr. Isaac controls Arbiter Partners Capital Management LLC, as well as the Managed Accounts.

Item 8.
Identification and classification of members of the group.

See Exhibit 1 of the Schedule 13G filed with the SEC by the Reporting Persons on March 20, 2018.
 
Item 9.
Notice of Dissolution of Group.
 
N/A

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.

Dated:  February 3, 2022
 
     
 
Arbiter Partners Capital Management LLC
     
 
By:
/s/ Paul J. Isaac
 
Paul J. Isaac
 
Manager
     
 
Arbiter Partners QP, LP
     
 
By:
Broken Clock Management LLC
 
Its general partner
     
 
By:
/s/ Paul J. Isaac
 
Paul J. Isaac
 
Managing Member
     
 
/s/ Paul J. Isaac
 
Paul J. Isaac


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