Filing Details

Accession Number:
0001011438-22-000100
Form Type:
13G Filing
Publication Date:
2022-02-10 19:00:00
Filed By:
Kerrisdale Capital
Company:
Acutus Medical Inc. (NASDAQ:AFIB)
Filing Date:
2022-02-11
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
Kerrisdale Advisers 0 0 0 0 0 0%
Sahm Adrangi 0 0 0 0 0 0%
Kerrisdale Partners Master Fund, Ltd 0 0 0 0 0 0%
Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
________________________________________________________________________________________
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
 
_________________________________________________________________________________________
Acutus Medical, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
005111109
(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)
 
 
 
 
 
 
CUSIP No. 005111109
  
13G
  
 
 
 
 
 
 
 
 
  1 
 
NAME OF REPORTING PERSONS
 
Kerrisdale Advisers, LLC
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)          (b)  
  3
 
SEC USE ONLY
 
  4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF
SHARES
 BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
   5  
  
SOLE VOTING POWER
 
0
  
   6  
  
SHARED VOTING POWER
 
0
  
   7  
  
SOLE DISPOSITIVE POWER
 
0
  
  8  
  
SHARED DISPOSITIVE POWER
 
0
 9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0%
12
 
TYPE OF REPORTING PERSON*
 
IA, OO
 
 
 
 
 
CUSIP No. 005111109
  
13G
  
 
 
 
 
 
 
 
 
  1 
 
NAME OF REPORTING PERSONS
 
Sahm Adrangi
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)          (b)  
  3
 
SEC USE ONLY
 
  4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Canada
NUMBER OF
SHARES
 BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
   5  
  
SOLE VOTING POWER
 
0
  
   6  
  
SHARED VOTING POWER
 
0
  
   7  
  
SOLE DISPOSITIVE POWER
 
0
  
   8  
  
SHARED DISPOSITIVE POWER
 
0
 9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0%
12
 
TYPE OF REPORTING PERSON*
 
IN, HC
 
 
 
 
 
CUSIP No. 005111109
  
13G
  
 
 
 
 
 
 
 
 
 
  1 
 
NAME OF REPORTING PERSONS
 
Kerrisdale Partners Master Fund, Ltd.
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
(a)          (b)  
  3
 
SEC USE ONLY
 
  4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Cayman Islands
NUMBER OF
SHARES
 BENEFICIALLY  
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
   5  
  
SOLE VOTING POWER
 
0
  
   6  
  
SHARED VOTING POWER
 
0
  
   7  
  
SOLE DISPOSITIVE POWER
 
0
  
 8  
  
SHARED DISPOSITIVE POWER
 
0
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0%
12
 
TYPE OF REPORTING PERSON*
 
CO
 
*
SEE INSTRUCTIONS BEFORE FILLING OUT
 
Item 1(a).
Name of Issuer
Acutus Medical, Inc. (the "Issuer")
 
Item 1(b).
Address of Issuer's Principal Executive Offices
2210 Faraday Avenue
Suite 100
Carlsbad, CA 92008
 
Item 2(a).
Name of Person Filing
The Reporting Persons are:
(i) Kerrisdale Advisers, LLC (the "Adviser"), a New York limited liability company and the investment manager to the Master Fund (as defined below), with respect to the Common Stock (as defined below) held by the Master Fund;
(ii) Sahm Adrangi, a Canadian citizen and the managing member of the Adviser, with respect to the Common Stock held by the Master Fund;
(iii) Kerrisdale Partners Master Fund, Ltd. (the "Master Fund"), a Cayman Islands exempted company;
   
Item 2(b).
Address of Principal Business Office or, if none, Residence
The address for each of the Adviser and Mr. Adrangi is:
1000 5th Street, Suite 401
Miami, FL 33139
The address for the Master Fund is:
c/o Intertrust Corporate Services (Cayman) Limited
190 Elgin Avenue
George Town, Grand Cayman KY1-9005 Cayman Islands
 
Item 2(c).
Citizenship

The Adviser - New York
Sahm Adrangi - Canada
The Master Fund - Cayman Islands
 
Item 2(d).
Title of Class of Securities
Common Stock, par value $0.001 per share ("Common Stock")
 
Item 2(e).
CUSIP No.
005111109
   
Item 3.
If this statement is Filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the Filing person   is a:
Not Applicable
Item 4.
Ownership
Items 5 through 9 and 11 of each of the cover pages to this Schedule 13G are incorporated herein by reference.
(a) Each of the Adviser and Mr. Adrangi beneficially owns 0 shares of the Issuer's Common Stock held and beneficially owned by the Master Fund. 
(b) The shares of Common Stock beneficially owned by the Adviser, Mr. Adrangi and the Master Fund constitute approximately 0% of the Issuer's outstanding Common Stock.
Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that they have formed a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended.
(c) The Adviser and Mr. Adrangi have the shared power to vote and dispose of the shares of Common Stock held by the Master Fund reported herein.  The Master Fund has the sole right to vote and dispose of the shares of Common Stock held by it.
   
Item 5.
Ownership of Five Percent or Less of a Class
If this Statement is being filed to report 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: [X]
  
Item 6.
Ownership of More Than Five 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.
Certification

By signing below each of the Reporting Persons certifies that, to the best of such person's 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.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
 
 
Dated: February 11, 2022
 
 
Kerrisdale Advisers, LLC
 
 
 
 
Signature: /s/ Sahm Adrangi 
 
Name:     Sahm Adrangi
 
Title:        Managing Member
 
 
 
/s/ Sahm Adrangi 
 
 
 
Kerrisdale Partners Master Fund, Ltd.
 
 
 
Signature: /s/ Sahm Adrangi 
 
Name:     Sahm Adrangi
 
Title:        Director