Schedule 13G/A: BioStar Reports 175,216 AMIX Shares Including Warrants
Rhea-AI Filing Summary
Autonomix Medical, Inc. received an amended Schedule 13G disclosing that BioStar Ventures III entities beneficially own 175,216 shares of common stock, representing 4.3% of the outstanding common stock on a fully adjusted basis. BioStar Ventures III, L.P. directly holds 120,816 shares and warrants exercisable for 54,400 shares; BioStar Ventures III, L.L.C. is the general partner and shares voting and dispositive power over the same 175,216 shares. The filing states the ownership calculation is based on 4,022,625 shares outstanding adjusted to include shares issuable upon exercise of the warrants. The Reporting Persons disclaim being a group and indicate this position constitutes 5% or less of the class.
Positive
- Transparent ownership disclosure of aggregate position and warrant exposure (175,216 shares; 54,400 warrants)
- Breakdown of direct vs. shared voting and dispositive power clarifies control relationships between the partnership and its general partner
- Position quantified as 4.3% of class based on disclosed share count, enabling investor assessment of stake size
Negative
- Stake remains under 5%, indicating no reported control or activist intent under Schedule 13G thresholds
- Warrant exposure introduces potential dilution (54,400 shares exercisable) though timing and exercise conditions are not provided in this filing
Insights
TL;DR BioStar holds a 4.3% economic interest including warrants, a disclosure of modest passive ownership without control.
The Schedule 13G/A reports an aggregate beneficial ownership of 175,216 shares, including warrants for 54,400 shares, against a stated base of 4,022,625 shares outstanding. From an investor-impact perspective this size position is below common material thresholds for activism or control and is consistent with passive investment reporting. The clear breakdown between direct shareholdings and warrant exposure helps quantify potential dilution and voting power if warrants are exercised.
TL;DR Ownership disclosure shows shared voting via the general partner but does not indicate a control position.
The filing clarifies that BioStar Ventures III, L.L.C. serves as general partner and shares voting and dispositive power over the securities held by the partnership. The Reporting Persons expressly disclaim group status and report ownership below 5% of the class, implying routine passive holding under the Schedule 13G framework rather than an active governance stake. This limits immediate corporate governance implications from this disclosure alone.