Deep Track reports 9.99% stake in Altimmune (ALT) via warrants and shares
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Altimmune, Inc. Schedule 13G: Deep Track filing reports beneficial ownership disclosures for its affiliates and David Kroin. The filing states 19,417,221 shares (9.99%) reported for the named reporting person with shared voting and dispositive power as of April 30, 2026.
The disclosure uses a base of 194,366,579 shares (calculated from 194,199,358 shares outstanding as of April 24, 2026 plus 167,221 convertible shares). The filing also describes Pre-Funded Warrants (10,750,000) and Warrants (30,000,000) subject to a 9.99% Maximum Percentage exercise limitation that prevents exercises causing ownership to exceed 9.99%.
Positive
- None.
Negative
- None.
Key Figures
Reported beneficial ownership: 19,417,221 shares
Percent of class: 9.99%
Calculation base: 194,366,579 shares
+3 more
6 metrics
Reported beneficial ownership
19,417,221 shares
Amount reported for the named reporting person as of April 30, 2026
Percent of class
9.99%
Percent of common stock corresponding to 19,417,221 shares
Calculation base
194,366,579 shares
Calculated from 194,199,358 outstanding (Apr 24, 2026) plus 167,221 convertible shares
Pre-Funded Warrants
10,750,000 warrants
Pre-Funded Warrants referenced in the beneficial ownership calculus
Warrants
30,000,000 warrants
Warrants referenced and subject to 9.99% exercise cap
Shares outstanding (prospectus)
194,199,358 shares
Shares outstanding as of April 24, 2026 per prospectus cited
Key Terms
Pre-Funded Warrants, Maximum Percentage, Beneficially owned, Shared dispositive power
4 terms
Pre-Funded Warrants financial
"The beneficially owned shares include 10,750,000 Pre-Funded Warrants"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Maximum Percentage regulatory
"subject to a 9.99% Maximum Percentage exercise limitation"
Beneficially owned financial
"Amount beneficially owned: 19,417,221.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What stake does Deep Track report in Altimmune (ALT)?
Deep Track reports 19,417,221 shares, equal to 9.99%. The figure reflects shared voting and dispositive power and is reported as of April 30, 2026 using a 194,366,579 share base from the issuer's April 24, 2026 prospectus.
Do the reported holdings include warrants in the ALT Schedule 13G?
Yes — the disclosure includes Pre-Funded Warrants and Warrants. The filing lists 10,750,000 Pre-Funded Warrants and 30,000,000 Warrants referenced in the calculation, each subject to the 9.99% exercise limitation.
What is the 9.99% Maximum Percentage described in the ALT filing?
It is an exercise limitation. The issuer will not effect any exercise of Pre-Funded Warrants or Warrants if, after exercise, the holder would beneficially own more than 9.99% of outstanding common stock immediately after giving effect to the exercise.
Which entities and persons filed the Schedule 13G for ALT?
The filing is by Deep Track Capital, LP; Deep Track Biotechnology Master Fund, Ltd.; Deep Track Special Opportunities Fund, LP; and David Kroin. Addresses and citizenships are listed for each filing person in Item 2 of the schedule.