[SCHEDULE 13G/A] Alto Neuroscience Inc. SEC Filing
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 1,624,000 shares of Alto Neuroscience (ANRO), representing 6.0% of the outstanding common stock based on 27,072,129 shares outstanding. Armistice Capital, as investment manager to Armistice Capital Master Fund Ltd., and Mr. Boyd, as managing member, report shared voting and shared dispositive power over these shares and no sole voting or dispositive power. The filing states the shares are held in the ordinary course of business and not for the purpose of influencing control. The Master Fund is identified as the direct holder and retains the right to proceeds or dividends from the securities.
Positive
- Material stake disclosed: Reporting persons beneficially own 1,624,000 shares, representing 6.0% of the class.
- Clear reporting structure: Armistice Capital identifies its role as investment manager to the Master Fund and discloses shared voting and dispositive power.
- Passive intent stated: The filing certifies the securities are held in the ordinary course of business and not to influence control.
Negative
- None.
Insights
TL;DR: Armistice holds a meaningful passive stake (6.0%) via its Master Fund with shared voting/dispositive power, indicating a notable but non-controlling investor position.
Armistice Capital reports beneficial ownership of 1,624,000 shares (6.0%). The structure — an investment manager exercising shared voting and dispositive power on behalf of the Master Fund — is typical for asset managers and signals coordinated reporting rather than a control intent. The certification emphasizes ordinary-course holdings and disclaims an intent to influence control, which is consistent with a Schedule 13G filing as opposed to an activist 13D. For investors, this filing documents a concentrated holder but does not imply governance changes.
TL;DR: A 6.0% passive position with shared power is material for disclosure but does not alone indicate control or activist intentions.
The filing clarifies that Armistice, via an Investment Management Agreement, exercises voting and investment power for the Master Fund, and Mr. Boyd is reported as managing member with shared authority. The explicit statement that holdings are ordinary-course and not for changing control aligns with Schedule 13G treatment. From a governance perspective, the reporting persons could influence outcomes if they coordinate with other large holders, but this filing contains no such indication.