Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
*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).
1.
|
Names
of Reporting Persons.
Mitchell P. Kopin
|
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 of America
|
Number
of
Shares
Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole
Voting Power
0
|
6.
|
Shared
Voting Power
173,027
|
7.
|
Sole
Dispositive Power
0
|
8.
|
Shared
Dispositive Power
152,327
|
9.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
173,027 (see Item 4)
|
10.
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
|
11.
|
Percent
of Class Represented by Amount in Row (9)
9.99% (see Item 4)
|
12.
|
Type
of Reporting Person (See Instructions)
IN; HC
|
1.
|
Names of Reporting Persons.
Daniel B. Asher
|
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 of America
|
Number
of
Shares
Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole Voting Power
0
|
6.
|
Shared Voting Power
173,027
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
152,327
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
173,027 (see Item 4)
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
|
11.
|
Percent of Class Represented by Amount in Row (9)
9.99% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
IN; HC
|
1.
|
Names of Reporting Persons.
Intracoastal Capital 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
|
6.
|
Shared Voting Power
173,027
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
152,327
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
173,027 (see Item 4)
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
|
11.
|
Percent of Class Represented by Amount in Row (9)
9.99% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
OO
|
Item 1.
(a) Name of Issuer
Neuralstem, Inc. (the “
Issuer
”)
(b) Address of Issuer’s Principal
Executive Offices
20271 Goldenrod
Lane, 2nd Floor
Germantown,
Maryland 20876
Item 2.
(a) Name of Person Filing
(b) Address of Principal Business Office or, if
none, Residence
(c) Citizenship
This Schedule 13G is being filed
on behalf of (i) Mitchell P. Kopin, an individual who is a citizen of the United States of America (“
Mr. Kopin
”),
(ii) Daniel B. Asher, an individual who is a citizen of the United States of America (“
Mr. Asher
”) and (iii)
Intracoastal Capital LLC, a Delaware limited liability company (“
Intracoastal
” and together with Mr. Kopin
and Mr. Asher, collectively the “
Reporting Persons
”).
The Reporting Persons have entered
into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as
Exhibit 1
, pursuant to which the
Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities
Exchange Act of 1934, as amended.
The principal business office
of Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483.
The principal business office
of Mr. Asher is 111 W. Jackson Boulevard, Suite 2000, Chicago, Illinois 60604.
(d) Title of Class of Securities
Common stock, $0.01 par value per share, of the Issuer
(the “
Common Stock
”).
(e) CUSIP Number
64127R500
|
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:
|
Not applicable.
(a) and (b):
(i)
Immediately following the consummation of the underwritten public offering by the Issuer on July 30, 2019 (the
“
Offering
”), each of the Reporting Persons may have been deemed to have beneficial ownership of 150,490
shares of Common Stock, which consisted of (i) 149,824 shares of Common Stock held by Intracoastal and (ii) 666 shares of
Common Stock issuable upon an exercise of a warrant held by Intracoastal (“
Intracoastal Warrant 1
”), and
all such shares of Common Stock in the aggregate represent beneficial ownership of approximately 9.99% of the Common Stock,
based on (1) 1,499,077 shares of Common Stock outstanding as reported to the Reporting Persons and (2) 666 shares of Common
Stock issuable upon an exercise of Intracoastal Warrant 1.
The foregoing excludes (I) 925,260
shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision
under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent)
that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates, and
any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 9.99% of the
Common Stock, (II) 925,926 shares of Common Stock issuable upon exercise of a second warrant held by Intracoastal (“
Intracoastal
Warrant 2
”) because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have
the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial
ownership by the holder thereof, together with the holder’s affiliates, and any other persons acting as a group together
with the holder or any of the holder’s affiliates, of more than 9.99% of the Common Stock, and (III) 776,768 shares of Common
Stock issuable upon exercise of a third warrant held by Intracoastal (“
Intracoastal Warrant 3
”) because Intracoastal
Warrant 3 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant
3 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together
with the holder’s affiliates, and any other persons acting as a group together with the holder or any of the holder’s
affiliates, of more than 9.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been
deemed to have beneficial ownership of 2,777,778 shares of Common Stock.
(ii)
As of the close of business on August 8, 2019, each of the Reporting Persons may have been deemed to have beneficial
ownership of 173,027 shares of Common Stock
,
which consisted of (i) 128,100
shares of Common Stock held by Intracoastal and (ii) 44,927 shares of Common Stock issuable upon exercise of Intracoastal
Warrant 1
,
and all such shares of Common Stock represented beneficial ownership
of approximately 9.99% of the Common Stock, based on (1) 1,499,077 shares of Common Stock outstanding as reported to the
Reporting Persons plus (2) 188,000 shares of Common Stock issued upon exercise of Intracoastal Warrant 3 and (3) 44,927
shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 880,999 shares of Common
Stock issuable upon exercise of Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision under
which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent)
that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates,
and any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 9.99%
of the Common Stock, (II) 925,926 shares of Common Stock issuable upon exercise of Intracoastal Warrant 2 because
Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise
Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the
holder thereof, together with the holder’s affiliates, and any other persons acting as a group together with the holder
or any of the holder’s affiliates, of more than 9.99% of the Common Stock, and (III) 588,768 shares of Common
Stock issuable upon exercise of Intracoastal Warrant 3 because Intracoastal Warrant 3 contains a blocker provision under
which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent (but only to the extent)
that such exercise would result in beneficial ownership by the holder thereof, together with the holder’s affiliates,
and any other persons acting as a group together with the holder or any of the holder’s affiliates, of more than 9.99%
of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial
ownership of 2,568,720 shares of Common Stock.
(c) Number of shares
as to which each Reporting Person has:
(i) Sole power to vote or to direct the vote:
0
.
(ii) Shared power to vote or to direct the vote:
173,027
.
(iii) Sole power to dispose or to direct the disposition
of
0
.
(iv) Shared power to dispose or to direct the disposition
of
152,327
.
|
Item 5.
|
Ownership of Five Percent
or Less of a Class
|
Not applicable.
|
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
|
Not applicable.
|
Item 8.
|
Identification and
Classification of Members of the Group
|
Not applicable.
|
Item 9.
|
Notice of Dissolution
of Group
|
Not applicable.
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.
Date: August 8, 2019
|
/s/ Mitchell P. Kopin
|
|
Mitchell P. Kopin
|
|
|
|
/s/ Daniel B. Asher
|
|
Daniel B. Asher
|
|
|
|
Intracoastal Capital LLC
|
|
|
|
By:
|
/s/ Mitchell P. Kopin
|
|
|
Mitchell P. Kopin, Manager
|
Exhibit 1
JOINT FILING AGREEMENT
The undersigned acknowledge
and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing
additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments,
and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason
to believe that such information is inaccurate.
Date: August 8, 2019
|
/s/ Mitchell P. Kopin
|
|
Mitchell P. Kopin
|
|
|
|
/s/ Daniel B. Asher
|
|
Daniel B. Asher
|
|
|
|
Intracoastal Capital LLC
|
|
|
|
By:
|
/s/ Mitchell P. Kopin
|
|
|
Mitchell P. Kopin, Manager
|
Page 9 of 9