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).
CUSIP No.
867931602
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
290,277
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
290,277
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
290,277 (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
|
CUSIP No.
867931602
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
290,277
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
290,277
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
290,277 (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
|
CUSIP No.
867931602
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
United States of America
|
Number of
Shares Beneficially
Owned by Each
Reporting
Person With:
|
5.
|
Sole Voting Power
0
|
6.
|
Shared Voting Power
290,277
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
290,277
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
290,277 (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
Superconductor
Technologies Inc.
(the “
Issuer
”)
(b) Address of Issuer’s Principal
Executive Offices
9101
Wall Street, Suite 1300
Austin,
Texas 78754
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, $0.001 par value
per share, of the Issuer (the “
Common Stock
”).
(e) CUSIP Number
867931602
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.
Item
4. Ownership.
(a) and (b):
(i)
Immediately following the execution of the Securities Purchase Agreement with the Issuer on July 26, 2018 (the
“
SPA
”) (as disclosed in the Form 8-K filed by the Issuer with the Securities and Exchange Commission on
July 30, 2018), each of the Reporting Persons may have been deemed to have beneficial ownership of 136,778 shares of Common
Stock, which consisted of (i) 130,000 shares of Common Stock to be issued to Intracoastal at the closing of the transaction
contemplated by the SPA and (ii) 6,778 shares of Common Stock issuable upon
conversion
of 795.005 shares of Series E Convertible Preferred Stock of the Issuer
to be issued to Intracoastal at the closing of
the transaction contemplated by the SPA
(the “
Series E Preferred
Stock
”),
and all such shares of Common Stock in the aggregate represent beneficial ownership of
approximately 9.99% of the Common Stock, based on (1)
1,232,798
shares of Common
Stock outstanding prior to the closing of the transaction contemplated by the SPA as reported by the Issuer, plus (2) 130,000
shares of Common Stock to be issued to Intracoastal at the closing of the transaction contemplated by the SPA and (3)
6,778 shares of Common Stock issuable upon
conversion of 795.005 shares of Series E
Preferred Stock.
The foregoing excludes (I) 220,365 shares of Common Stock issuable upon
conversion
of 795.005 shares of Series E Preferred Stock
because the Certificate of Designation of Preferences, Rights and
Limitations of the Series E Preferred Stock contains a blocker provision under which the holder thereof does not have the
right to convert the Series E Preferred Stock to the extent (but only to the extent) that such exercise would result in
beneficial ownership by the holder thereof, together with its 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) 357,143 shares of
Common Stock issuable upon exercise of a warrant to be issued to Intracoastal at the closing of the transaction contemplated
by the SPA (“
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 its 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, (III) 1,483 shares of Common Stock issuable upon exercise of a 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 its affiliates and any other persons acting as a group together
with the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock, (IV) 2,961 shares of Common
Stock issuable upon exercise of a second 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 its affiliates and any other persons acting as a group together with the
holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock, (V) 17,857 shares of Common Stock
issuable upon exercise of a third warrant held by Intracoastal (“
Intracoastal Warrant 4
”) because
Intracoastal Warrant 4 contains a blocker provision under which the holder thereof does not have the right to exercise
Intracoastal Warrant 4 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the
holder thereof, together with its affiliates and any other persons acting as a group together with the holder or any of the
holder’s affiliates, of more than 4.99% of the Common Stock, and (VI) 856 shares of Common Stock issuable upon exercise
of a fourth warrant held by Intracoastal (“
Intracoastal Warrant 5
”) because Intracoastal Warrant 5
contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 5 to the
extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with
its affiliates and any other persons acting as a group together with the holder or any of the holder’s affiliates, of
more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to
have beneficial ownership of 737,443 shares of Common Stock.
(ii) As
of the close of business on August 3, 2018, each of the Reporting Persons may have been deemed
to
have beneficial ownership of 290,277 shares of Common Stock
, which consisted of (i) 118,979 shares of Common Stock held
by Intracoastal and (ii) 171,298 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)
2,622,379
shares
of
Common Stock outstanding following the closing of the transaction contemplated by the SPA as
reported by the Issuer, plus (2) 112,000 shares of Common Stock in the issued to Intracoastal upon conversion of 392 shares of
Series E Preferred Stock
and (3) 171,298 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing
excludes (I) 185,845 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 its 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) 115,143 shares of Common Stock issuable upon
conversion
of 795.005 shares of Series E Preferred Stock
because the Certificate of Designation of Preferences, Rights and Limitations
of the Series E Preferred Stock contains a blocker provision under which the holder thereof does not have the right to convert
the Series E
Preferred Stock to the extent (but only to the extent) that such exercise would result in beneficial ownership
by the holder thereof, together with its 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, (III) 1,483 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 its affiliates and any other persons acting as a group together with the holder
or any of the holder’s affiliates, of more than 4.99% of the Common Stock, (IV) 2,961 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 its affiliates and any other persons acting as a group together with
the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock, (V) 17,857 shares of Common Stock issuable
upon exercise of Intracoastal Warrant 4 because Intracoastal Warrant 4 contains a blocker provision under which the holder thereof
does not have the right to exercise Intracoastal Warrant 4 to the extent (but only to the extent) that such exercise would result
in beneficial ownership by the holder thereof, together with its affiliates and any other persons acting as a group together with
the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock, and (VI) 856 shares of Common Stock
issuable upon exercise of Intracoastal Warrant 5 because Intracoastal Warrant 5 contains a blocker provision under which the holder
thereof does not have the right to exercise Intracoastal Warrant 5 to the extent (but only to the extent) that such exercise would
result in beneficial ownership by the holder thereof, together with its affiliates and any other persons acting as a group together
with the holder or any of the holder’s affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions,
each of the Reporting Persons may have been deemed to have beneficial ownership of 614,422 shares of Common Stock.
(c) Number of
shares as to which each Reporting Person has:
(1) Sole power to vote or to direct the vote:
0
.
(2) Shared power to vote or to direct the vote:
290,277
.
(3) Sole power to dispose or to direct the disposition
of
0
.
(4) Shared power to dispose or to direct the disposition
of
290,277
.
|
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.
Item 10. Certification
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 3, 2018
|
/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 3, 2018
|
/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
|