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
4,200,000
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
4,200,000
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
4,200,000 (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)
6.1% (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
4,200,000
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
4,200,000
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
4,200,000 (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)
6.1% (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
4,200,000
|
7.
|
Sole Dispositive Power
0
|
8.
|
Shared Dispositive Power
4,200,000
|
9.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
4,200,000 (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)
6.1% (see Item 4)
|
12.
|
Type of Reporting Person (See Instructions)
OO
|
Item
1.
(a)
Name of Issuer
Castor Maritime Inc. (the “Issuer”)
(b)
Address of Issuer’s Principal Executive Offices
223 Christodoulou
Chatzipavlou Street
Hawaii Royal
Gardens, 3036 Limassol, Cyprus
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 shares, $0.001 par value per share, of the Issuer
(the “Common Stock”).
(e)
CUSIP Number
MHY1146L1092
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 consummation of the underwritten public offering by the Issuer on June 26, 2020 (the “Offering”)
(as disclosed in the Form 6-K filed by the Issuer with the Securities and Exchange Commission on June 29, 2020), each of the Reporting
Persons may have been deemed to have beneficial ownership of 6,675,117 shares of Common Stock, which consisted of (i) 4,200,000
shares of Common Stock held by Intracoastal and (ii) 2,475,117 shares of Common Stock issuable upon exercise of a warrant held
by Intracoastal (the “Intracoastal Warrant”), and all such shares of Common Stock in the aggregate represent
beneficial ownership of approximately 9.99% of the Common Stock, based on (1) 64,342,876 shares of Common Stock outstanding following
the closing of the Offering as reported by the Issuer, plus (2) 2,475,117 shares of Common Stock issuable upon exercise of the
Intracoastal Warrant. The foregoing excludes 1,724,883 shares of Common Stock issuable upon an exercise of the Intracoastal Warrant
because the Intracoastal Warrant contains a blocker provision under which the holder thereof does not have the right to exercise
the Intracoastal Warrant 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 provision, each of the Reporting
Persons may have been deemed to have beneficial ownership of 8,400,000 shares of Common Stock.
(ii) As
of the close of business on July 2, 2020, each of the Reporting Persons may have been deemed to have beneficial ownership of 4,200,000
shares of Common Stock issuable upon exercise of the Intracoastal Warrant, and all
such shares of Common Stock represented beneficial ownership of approximately 6.1% of the Common Stock, based on (1) 64,342,876
shares of Common Stock outstanding following the closing of the Offering as reported by the Issuer, plus (2) 4,200,000 shares of
Common Stock issuable upon exercise of the Intracoastal Warrant.
(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: 4,200,000 .
(iii)
Sole power to dispose or to direct the disposition of 0 .
(iv)
Shared power to dispose or to direct the disposition of 4,200,000 .
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: July 6, 2020
|
/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: July 6, 2020
|
/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
|
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