ABEO Schedule 13G: 3.01M Shares, 5.3% Stake

Abeona Therapeutics ownership disclosure: Funicular Funds, LP, Cable Car Capital, LP and Jacob Ma-Weaver each report beneficial ownership of 3,007,329 shares of Abeona Therapeutics common stock, representing 5.3% of the class.

Rhea-AI Filing Summary

Abeona Therapeutics ownership disclosure: Funicular Funds, LP, Cable Car Capital, LP and Jacob Ma-Weaver each report beneficial ownership of 3,007,329 shares of Abeona Therapeutics common stock, representing 5.3% of the class. The calculation references 57,049,023 shares outstanding as of March 17, 2026. The filings list sole voting and sole dispositive power over the reported shares and provide the filers' business address in San Francisco.

Insights

Institutional Ownership Analyst

Large passive stake disclosed by related entities and individual.

The filing shows a 3,007,329-share position controlled by Funicular Funds, Cable Car Capital (its general partner), and Jacob Ma-Weaver as managing member, each reported at 5.3% of outstanding shares based on the issuer's March 17, 2026 count of 57,049,023.

This is a straightforward beneficial ownership disclosure; subsequent filing activity would determine whether this stake is passive or part of an active engagement. Future SEC filings may show changes in holdings or intentions.

Key Figures

Reported shares: 3,007,329 shares Percent of class: 5.3% Shares outstanding: 57,049,023 shares +1 more

4 metrics

Reported shares 3,007,329 shares Amount beneficially owned by each reporting person

Percent of class 5.3% Percent of common stock for each reporting person

Shares outstanding 57,049,023 shares Issuer count used for percentage calculation as of <date> March 17, 2026

CUSIP 00289Y206 Security identifier for Abeona common stock

Key Terms

Beneficial ownership, Sole dispositive power, Schedule 13G, General Partner

4 terms

Beneficial ownership regulatory

"The reporting person's beneficial ownership consists of 3,007,329 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole Dispositive Power 3,007,329.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G regulatory

"form_type: SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

General Partner other

"Cable Car Capital, LP, as the General Partner of Funicular Funds, LP"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Funicular Funds report in Abeona Therapeutics (ABEO)?

Funicular Funds reports beneficial ownership of 3,007,329 shares, equal to 5.3% of the company's common stock based on 57,049,023 shares outstanding as of March 17, 2026.

Who else is listed with the same ownership amount in the ABEO filing?

Cable Car Capital, LP and Jacob Ma-Weaver are listed with the same 3,007,329 shares and 5.3% ownership; Cable Car Capital is described as general partner related to Funicular Funds.

What voting and dispositive powers are reported for the 3,007,329 shares?

Each reporting person states they have sole voting power and sole dispositive power over the 3,007,329 shares reported in the Schedule 13G filing.

What share count was used to calculate the percentage ownership?

The percentage calculation uses an issuer-reported total of 57,049,023 shares outstanding as disclosed in the company's Form 10-K referenced in the filing on March 17, 2026.

Where is the filer’s address and who signed the filing?

The filers list a business address at 601 California Street, Suite 1151, San Francisco, CA 94108, and the filing is signed by Jacob Ma-Weaver as Managing Member on April 6, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/06/2026 - 06:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ABEONA THERAPEUTICS INC.

(Name of Issuer)

Common Stock, par value $0.01

(Title of Class of Securities)

00289Y206

(CUSIP Number)

03/27/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 00289Y206

1

Names of Reporting Persons

Funicular Funds, LP

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 3,007,329.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,007,329.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,007,329.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 3,007,329 shares of Common Stock (the "Shares"). The foregoing calculation is based upon 57,049,023 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 17, 2026.

SCHEDULE 13G

CUSIP Number(s): 00289Y206

1

Names of Reporting Persons

Cable Car Capital, LP

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 3,007,329.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,007,329.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,007,329.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 3,007,329 Shares. The foregoing calculation is based upon 57,049,023 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 17, 2026. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the Shares held by Funicular Funds, LP.

SCHEDULE 13G

CUSIP Number(s): 00289Y206

1

Names of Reporting Persons

Ma-Weaver Jacob

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,007,329.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,007,329.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,007,329.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The reporting person's beneficial ownership consists of 3,007,329 Shares. The foregoing calculation is based upon 57,049,023 Shares outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on March 17, 2026. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the Shares held by Funicular Funds, LP.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ABEONA THERAPEUTICS INC.
(b)	Address of issuer's principal executive offices: 6555 CARNEGIE AVE, 4TH FLOOR, CLEVELAND, OHIO, 44103
Item 2.
(a)	Name of person filing: Funicular Funds, LP Cable Car Capital, LP Jacob Ma-Weaver
(b)	Address or principal business office or, if none, residence: 601 California Street, Suite 1151, San Francisco, CA 94108
(c)	Citizenship: Funicular Funds, LP - Delaware Cable Car Capital, LP - Delaware Jacob Ma-Weaver - United States
(d)	Title of class of securities: Common Stock, par value $0.01
(e)	CUSIP Number(s): 00289Y206
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:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Funicular Funds, LP - 3,007,329 Cable Car Capital, LP - 3,007,329 Jacob Ma-Weaver - 3,007,329
(b)	Percent of class: Funicular Funds, LP - 5.3% Cable Car Capital, LP - 5.3% Jacob Ma-Weaver - 5.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Funicular Funds, LP - 3,007,329 Cable Car Capital, LP - 3,007,329 Jacob Ma-Weaver - 3,007,329
	(ii) Shared power to vote or to direct the vote: Funicular Funds, LP - 0 Cable Car Capital, LP - 0 Jacob Ma-Weaver - 0
	(iii) Sole power to dispose or to direct the disposition of: Funicular Funds, LP - 3,007,329 Cable Car Capital, LP - 3,007,329 Jacob Ma-Weaver - 3,007,329
	(iv) Shared power to dispose or to direct the disposition of: Funicular Funds, LP - 0 Cable Car Capital, LP - 0 Jacob Ma-Weaver - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 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.

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.

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.

Funicular Funds, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member of the General Partner
Date:	04/06/2026

Cable Car Capital, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member
Date:	04/06/2026

Ma-Weaver Jacob

Signature:	Jacob Ma-Weaver
Name/Title:	Jacob Ma-Weaver
Date:	04/06/2026

Exhibit Information

Exhibit A