<SEC-DOCUMENT>0001213900-25-124061.txt : 20251219
<SEC-HEADER>0001213900-25-124061.hdr.sgml : 20251219
<ACCEPTANCE-DATETIME>20251219212526
ACCESSION NUMBER:		0001213900-25-124061
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251219
DATE AS OF CHANGE:		20251219

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Azitra, Inc.
		CENTRAL INDEX KEY:			0001701478
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				464478536
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94105
		FILM NUMBER:		251589097

	BUSINESS ADDRESS:	
		STREET 1:		21 BUSINESS PARK DRIVE, SUITE 6
		CITY:			BRANFORD
		STATE:			CT
		ZIP:			06405
		BUSINESS PHONE:		(203) 489-0183

	MAIL ADDRESS:	
		STREET 1:		21 BUSINESS PARK DRIVE, SUITE 6
		CITY:			BRANFORD
		STATE:			CT
		ZIP:			06405

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Azitra Inc
		DATE OF NAME CHANGE:	20170320

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Alumni Capital LP
		CENTRAL INDEX KEY:			0001912606
		ORGANIZATION NAME:           	
		EIN:				873893017
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		405 LEXINGTON AVE.
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
		BUSINESS PHONE:		(818) 438-9794

	MAIL ADDRESS:	
		STREET 1:		405 LEXINGTON AVE.
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10174
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Alumni Capital LP -->
          <cik>0001912606</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>11/25/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001701478</issuerCik>
        <issuerName>Azitra, Inc.</issuerName>
        <issuerCusip>05479L203</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>21 Business Park Drive</com:street1>
          <com:city>Branford</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06405</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Alumni Capital LP</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1132622.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1132622.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1132622.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>Y</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.99</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Alumni Capital GP LLC</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1132622.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1132622.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1132622.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>Y</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.99</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Ashkan Mapar</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1132622.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1132622.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1132622.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>Y</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.99</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Azitra, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>21 Business Park Drive, Branford, CT 06405</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This statement is filed by Alumni Capital LP (the "Fund"), Alumni Capital GP LLC (the "General Partner"), and Ashkan Mapar (the "Controlling Person").  The foregoing are collectively referred to herein as the "Reporting Persons".

The Fund holds, has the right to acquire, or has the obligation to acquire, securities of the Issuer. The General Partner serves as the general partner of the Fund. The Controlling Person is the control person of the General Partner.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address for the principal business office of each of Alumni Capital LP, Alumni Capital GP LLC, and Ashkan Mapar is 601 Brickell Key Dr., Suite 700, Miami, FL 33131.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Alumni Capital LP is a Delaware limited partnership.  Alumni Capital GP LLC is a Delaware limited liability company.  Ashkan Mapar is a citizen of the United States of America.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>*The shares of common stock (the "Shares") of Azitra, Inc. (the "Issuer") reported herein represent Shares acquired by, or that may be acquired by, Alumni Capital LP (the "Fund") pursuant to (i) a Purchase Agreement dated April 25, 2025 between the Issuer and the Fund (the "April 2025 Purchase Agreement"), (ii) warrants to purchase common stock of the Issuer held by the Fund or to be issued to the Fund in consideration of the Fund's entering into the Purchase Agreement (the "Commitment Warrants"), (iii) Shares acquired pursuant to a Purchase Agreement dated November 24, 2025 between the Issuer and the Fund ( the "November 2025 Purchase Agreement"), (iv) warrants to purchase common stock of the Issuer dated November 25, 2025 held by the Fund (the "Common Warrants"), and (v) pre-funded warrants to purchase common stock of the Issuer dated November 25, 2025 held by the Fund (the "Pre-Funded Warrants").

Under the Commitment Warrants, the Common Warrants, and the Pre-Funded Warrants, the Fund may acquire Shares (or securities convertible into or excercisable for Shares) in accordance with the respective terms and subject to the respective conditions and limitations contained therein. One of such limitations is that the Fund is prohibited from acquiring any Shares under the Commitment Warrants which, when aggregated with all other Shares then beneficially owned by the Fund and its affiliates, would result in the beneficial ownership by the Fund and its affiliates exceeding 9.99% of the Shares outstanding (the "9.99% Ownership Limitation"). Another of such limitations is that the Fund is prohibited from acquiring any Shares under the Common Warrants or the Pre-Funded Warrants, which, when aggregated with all other Shares then beneficially owned by the Fund and its affiliates, would result in the beneficial ownership by the Fund and its affiliates exceeding 4.99% of the Shares outstanding (the "4.99% Ownership Limitation"). The Fund may increase the 4.99% Ownership Limitation in the Common Warrants or the Pre-Funded Warrants up to 9.99% upon written notice to the Issuer (such increase in the Pre-Funded Warrants to be effective on the 61st day after such notice).

Furthermore, under the April 2025 Purchase Agreement, at the Issuer's sole discretion, the Fund may be required to purchase Shares, in accordance with the terms and subject to the conditions and limitations of the April 2025 Purchase Agreement. One of such limitations is that the Fund is prohibited from acquiring any Shares under the April 2025 Purchase Agreement, which, when aggregated with all other Shares then beneficially owned by the Fund and its affiliates, would result in the beneficial ownership by the Fund and its affiliates exceeding the 4.99% Ownership Limitation. The Fund may increase the 4.99% Ownership Limitation in the April 2025 Purchase Agreement up to 9.99% (a) with the Issuer's consent that shall not be unreasonably withheld, upon sixty-one (61) days prior written notice to the Issuer, or (b) upon written agreement of the Fund and the Issuer. In addition, upon each purchase of Shares under the April 2025 Purchase Agreement, the Fund will receive additional Commitment Warrants to purchase such number of Shares equal to 10% of the number of Shares so purchased under the April 2025 Purchase Agreement. The additional Commitment Warrants will also contain a 9.99% Beneficial Ownership Limitation.

As such, the percent of class reported herein is giving effect to the 9.99% Ownership Limitation and the 4.99% Ownership Limitation and is based upon the Issuer's Registration Statement on Form S-1 filed with the SEC on December 10, 2025 that there were 10,740,697 Shares outstanding as of December 10, 2025 plus the approximate total number of Shares that the Reporting Persons may acquire at the direction of the Issuer and/or upon exercise of all Commitment Warrants, Common Warrants, and Pre-Funded Warrants (subject to the 9.99% Ownership Limitation (and the 4.99% Ownership Limitations if they are increased to 9.99%)) in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

For the sake of clarity, as of the date of this filing, the Fund currently owns 535,759 Shares and has the right to acquire 596,863 Shares upon exercise of outstanding Commitment Warrants (based on the 9.99% Ownership Limitation in the Commitment Warrants). Should the Fund dispose of at least 356,895 Shares it currently owns, it would have the right to acquire an additional 795,579 Shares upon exercise of outstanding Commitment Warrants (based on the 9.99% Ownership Limitation in the Commitment Warrants). The Fund is electing to file this Schedule 13G solely to the extent that, for the purposes of Section 240.13d-3, the Reporting Persons are deemed to beneficially own the Shares pursuant to the April 2025 Purchase Agreement, the Commitment Warrants, the Common Warrants, and the Pre-Funded Warrants. The filing of this report shall not be deemed an admission, for purposes of Section 13 of the Exchange Act, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of such Reporting Person's pecuniary interest, if any, therein.</amountBeneficiallyOwned>
        <classPercent>Alumni Capital LP - 9.99%
Alumni Capital GP LLC - 9.99%
Ashkan Mapar - 9.99%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Alumni Capital LP - 0
Alumni Capital GP LLC - 0
Ashkan Mapar - 0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Alumni Capital LP - 1,132,622*
Alumni Capital GP LLC - 1,132,622*
Ashkan Mapar - 1,132,622*</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Alumni Capital LP - 0
Alumni Capital GP LLC - 0
Ashkan Mapar - 0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Alumni Capital LP - 1,132,622*
Alumni Capital GP LLC - 1,132,622*
Ashkan Mapar - 1,132,622*</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <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.</certifications>
      </item10>
    </items>
    <exhibitInfo>A. Agreement of Joint Filing</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>Alumni Capital LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ashkan Mapar</signature>
        <title>Ashkan Mapar, Manager of Alumni Capital GP LLC, General Partner of Alumni Capital LP</title>
        <date>12/19/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Alumni Capital GP LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ashkan Mapar</signature>
        <title>Ashkan Mapar, Manager of Alumni Capital GP LLC, General Partner of Alumni Capital LP</title>
        <date>12/19/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Ashkan Mapar</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Ashkan Mapar</signature>
        <title>Ashkan Mapar, Manager of Alumni Capital GP LLC, General Partner of Alumni Capital LP</title>
        <date>12/19/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>ea027028001ex-a_azitra.htm
<DESCRIPTION>AGREEMENT OF JOINT FILING
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Exhibit A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AGREEMENT OF JOINT FILING</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The undersigned hereby agree
that they are filing jointly, pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, the Schedule 13G/A dated on or about December
19, 2025, containing the information required by Schedule 13G, for the Common Stock of Azitra, Inc. held by Alumni Capital LP, a Delaware
limited partnership, and with respect to Alumni Capital GP LLC, the manager of Alumni Capital LP, and Ashkan Mapar, the manager of Alumni
Capital GP LLC, such other holdings as may be reported therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Dated: December 19, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ALUMNI CAPITAL LP&nbsp; </FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U></U></FONT>/s/ Ashkan Mapar</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ashkan Mapar</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manager of Alumni Capital GP LLC,<BR>
 General Partner of Alumni Capital LP</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ALUMNI CAPITAL GP LLC</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ashkan Mapar</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ashkan Mapar</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manager</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ashkan Mapar</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">Ashkan Mapar &nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
