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BNGO 13G Filing: Abbe 5.4% Stake; Warrants Blocked at 4.99%

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Iroquois Capital Management, LLC and two related individuals disclosed ownership stakes in Bionano Genomics common stock. Iroquois reports beneficial ownership of 367,500 shares (3.8%). Richard Abbe reports aggregate ownership of 525,000 shares (5.4%), and Kimberly Page reports 367,500 shares (3.8%). The filing states that certain warrants exercisable into additional shares (totaling 1,050,000 shares across reporting persons) exist but are subject to 4.99% beneficial ownership blockers that currently prevent their exercise. The cover pages show shared voting and dispositive power for portions of the holdings and clarify that percentages reflect the 9,755,265 shares outstanding referenced in the company prospectus.

Positive

  • Clear disclosure of aggregate holdings by Iroquois, Richard Abbe, and Kimberly Page with specific share counts and percentages
  • Compliance with reporting requirements including joint filing agreement and signed certifications
  • Transparency about warrants and the 4.99% beneficial ownership blockers that prevent immediate dilution

Negative

  • Warrants totaling 1,050,000 shares are not exercisable due to ownership blockers, meaning the current reported percentages do not reflect potential future dilution

Insights

TL;DR: A reported >5% position by an affiliated individual signals a notable investor stake while warrants remain non-exercisable due to anti-dilution caps.

The filing clearly discloses that Richard Abbe may be deemed to beneficially own 525,000 shares (5.4%), which crosses the 5% reporting threshold and is material for disclosure and potential market perception. Iroquois Capital reports 367,500 shares (3.8%) with shared voting and dispositive powers noted. Important for investors is that an aggregate of 1,050,000 warrants exist but cannot be exercised because of contractual 4.99% ownership blockers, so current ownership percentages exclude potential dilution from those warrants. This limits near-term increases in stake size from warrant exercise.

TL;DR: The filing documents governance-relevant voting and dispositive arrangements and explains disclaimers of beneficial ownership.

The disclosure details shared voting and dispositive powers and includes customary language disclaiming beneficial ownership except to the extent of pecuniary interest. The joint filing agreement and signatures from all reporting persons are provided, supporting regulatory compliance. The presence of beneficial ownership blockers in the warrants is governance-relevant because it constrains any single holder from exceeding a 4.99% threshold via warrant exercise, preserving current ownership ratios until contractual conditions permit exercise.






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)






SCHEDULE 13G




Comment for Type of Reporting Person: Does not include 735,000 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4). As more fully described in Item 4, the Warrants are subject to 4.99% Beneficial Ownership Blockers, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The Warrants are not currently exercisable due to the Beneficial Ownership Blockers.


SCHEDULE 13G




Comment for Type of Reporting Person: Does not include 1,050,000 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4). As more fully described in Item 4, the Warrants are subject to 4.99% Beneficial Ownership Blockers, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The Warrants are not currently exercisable due to the Beneficial Ownership Blockers.


SCHEDULE 13G




Comment for Type of Reporting Person: Does not include 735,000 shares of Common Stock issuable upon the exercise of the Warrants (as defined in Item 4). As more fully described in Item 4, the Warrants are subject to 4.99% Beneficial Ownership Blockers, and the percentage set forth in row (11) gives effect to such Beneficial Ownership Blockers (as defined in Item 4). The Warrants are not currently exercisable due to the Beneficial Ownership Blockers.


SCHEDULE 13G



Iroquois Capital Management, LLC
Signature:/s/ Richard Abbe
Name/Title:Richard Abbe, President
Date:09/17/2025
Richard Abbe
Signature:/s/ Richard Abbe
Name/Title:Richard Abbe
Date:09/17/2025
Kimberly Page
Signature:/s/ Kimberly Page
Name/Title:Kimberly Page
Date:09/17/2025
Exhibit Information

Exhibit 1 Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

FAQ

What ownership stake does Iroquois Capital report in BNGO?

Iroquois Capital reports beneficial ownership of 367,500 shares, representing 3.8% of the class as stated in the filing.

How much of BNGO does Richard Abbe beneficially own?

Richard Abbe reports an aggregate beneficial ownership of 525,000 shares, equal to 5.4% of the outstanding common stock according to the filing.

Are there warrants related to these holdings and can they be exercised?

Yes. The filing discloses warrants exercisable for a total of 1,050,000 shares across reporting persons, but they are subject to 4.99% beneficial ownership blockers and are not currently exercisable.

What share count does the filing use to calculate percentages?

Percentages are calculated using 9,755,265 shares outstanding as set forth in the company prospectus referenced in the filing.

Do the reporting persons claim sole beneficial ownership of all disclosed shares?

No. The filing includes customary disclaimers: each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest and notes shared voting and dispositive powers where applicable.
Bionano Genomics Inc

NASDAQ:BNGO

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17.50M
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7.08%
Medical Instruments & Supplies
Laboratory Analytical Instruments
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United States
SAN DIEGO