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Investor presses Bluejay Diagnostics (NASDAQ: BJDX) on biotech acquisition idea

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Northstrive Fund II LP and Braeden Lichti have filed a Schedule 13D on Bluejay Diagnostics, Inc. They report beneficial ownership of 11,000 and 35,500 shares of common stock, respectively, representing 1.13% and 3.65% of the 972,000 shares outstanding as referenced in a recent company press release.

The filing discloses a letter sent on March 11, 2026 to Bluejay’s board recommending that it review a potential biotechnology acquisition opportunity identified by Northstrive to strengthen the clinical pipeline. The investors indicate they may increase or reduce their stake over time and may consider actions that could influence control of the company.

Positive

  • None.

Negative

  • None.

Insights

Small shareholder shifts to an activist stance, urging a biotech acquisition review.

Northstrive Fund II LP and Braeden Lichti now report 1.13% and 3.65% stakes in Bluejay Diagnostics, Inc., based on 972,000 common shares outstanding. By moving from a prior Schedule 13G to this Schedule 13D, they signal a more active, strategic posture.

The attached March 11, 2026 board letter asks directors to evaluate a biotechnology acquisition opportunity that Northstrive believes could strengthen Bluejay’s clinical pipeline and accelerate shareholder value creation. The investors also request a meeting with the board, indicating direct engagement on strategy.

Although their combined ownership is relatively modest, the Schedule 13D states that they may buy or sell more shares and may consider actions described in Item 4’s standard list of potential control-related steps. The actual impact depends on board response, future communications, and any subsequent transactions disclosed in later filings.






Ross. D. Carmel, Esq.
1185 Avenue of the Americas, 26th Floor
New York, NY, 10036
(212) 930-9700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
03/11/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
Braeden Lichti is, as of the date of this Schedule 13D, the Manager of Northstrive Fund II LP. Percentage ownership is calculated based on 11,000 shares of Bluejay Diagnostics, Inc. ("Issuer") beneficially owned by Northstrive Fund II LP, out of 972,000 shares of the Issuer's issued and outstanding shares of common stock, par value $0.0001 per share ("Common Stock") as reported in the Issuer's press release, filed as an exhibit to the Issuer's Current Report on Form 8-K with the U.S. Securities and Exchange Commission ("SEC") on March 6, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Braeden Lichti is, as of the date of this Schedule 13D, the Manager of Northstrive Fund II LP. Percentage ownership is calculated based on 35,500 shares of the Issuer beneficially owned by Braeden Lichti, out of 972,000 shares of the Issuer's issued and outstanding shares of Common Stock, based on the Issuer's press release, filed as an exhibit to the Issuer's Current Report on Form 8-K with the SEC on March 6, 2026.


SCHEDULE 13D


Northstrive Fund II LP
Signature:/s/ Braeden Lichti
Name/Title:Braeden Lichti/Manager
Date:03/11/2026
Braeden Lichti
Signature:/s/ Braeden Lichti
Name/Title:Braeden Lichti
Date:03/11/2026

FAQ

What stake in Bluejay Diagnostics (BJDX) does Braeden Lichti report in this Schedule 13D?

Braeden Lichti reports beneficial ownership of 35,500 Bluejay Diagnostics shares, or 3.65% of the company. This percentage is calculated against 972,000 common shares outstanding, as referenced from Bluejay’s March 6, 2026 press release attached to a Form 8-K filing.

How many Bluejay Diagnostics (BJDX) shares does Northstrive Fund II LP beneficially own?

Northstrive Fund II LP reports beneficial ownership of 11,000 Bluejay Diagnostics common shares, representing 1.13% of the company. The ownership percentage is based on 972,000 outstanding shares cited in Bluejay’s March 6, 2026 Form 8-K press release reference.

Why did Northstrive Fund II LP and Braeden Lichti file a Schedule 13D on Bluejay Diagnostics (BJDX)?

They filed a Schedule 13D to reflect a more activist intent toward Bluejay Diagnostics. The filing centers on a March 11, 2026 letter urging the board to evaluate a biotechnology acquisition opportunity that they believe could strengthen the clinical pipeline and shareholder value.

What strategic actions are Northstrive and Lichti suggesting for Bluejay Diagnostics (BJDX)?

They recommend that Bluejay’s board review a specific biotechnology acquisition opportunity Northstrive has identified. According to the filing, the goal is to strengthen Bluejay’s clinical pipeline and, in their view, accelerate shareholder value creation, and they have requested a meeting with the board.

How much influence do the reporting persons claim over Bluejay Diagnostics (BJDX) shares?

Northstrive Fund II LP has shared voting and dispositive power over 11,000 shares, while Lichti has sole power over 24,500 shares and shared power over 11,000 shares. These positions reflect combined direct and shared control over their reported holdings.

What future actions do Northstrive and Lichti contemplate regarding their Bluejay Diagnostics (BJDX) investment?

The filing states they may liquidate or further accumulate Bluejay shares as they deem appropriate. They also may review or change their purpose and could consider any of the potential actions referenced in Item 4’s standard list of control-related possibilities.
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