Schedule 13G: Lind Global Reports 1,005,961 Shares (9.9%) of BNGO
Rhea-AI Filing Summary
Bionano Genomics (BNGO) received a Schedule 13G disclosing that Lind Global Fund III LP and related reporting persons beneficially own 1,005,961 shares of common stock, representing 9.9% of the class. The disclosed position comprises 525,000 shares, 525,000 Series E warrants and 525,000 Series F warrants, and the filing explicitly states the warrants may not be exercised to cause ownership to exceed 9.9%. The filing identifies Lind Global Partners III LLC as the general partner and Jeff Easton as managing member, with sole voting and dispositive power over the reported holdings. The reporting persons certify the holdings were not acquired to change or influence control.
Positive
- Clear disclosure of aggregate beneficial ownership (1,005,961 shares) and percentage (9.9%).
- Explicit description of holdings composition: 525,000 shares, 525,000 Series E warrants, and 525,000 Series F warrants.
- Warrant exercise limitation stated: warrants may not be exercised if exercise would cause beneficial ownership to exceed 9.9%, limiting immediate ownership escalation.
- Identification of control relationships: Lind Global Partners III LLC as GP and Jeff Easton as managing member with sole voting and dispositive power.
Negative
- None.
Insights
TL;DR: A disclosed 9.9% passive stake with warrants capped to avoid exceeding the 9.9% threshold.
The filing reports an aggregate beneficial ownership of 1,005,961 shares (9.9%), composed of common shares and warrants. The explicit exercise limitation on warrants is material because it constrains immediate dilution or conversion risk to the company’s share count and prevents automatic crossing of the 10% reporting/beneficial ownership threshold. The structure indicates an economically significant position while maintaining a passive filing status under Schedule 13G.
TL;DR: Ownership disclosed clearly; reporting persons affirm no intent to influence control.
The Schedule 13G names the entities and individual with sole voting and dispositive power and includes a certification that the securities are not held to influence control. For governance purposes, this provides transparency about a near-10% holder and clarifies control relationships among the fund, its GP, and the managing member. The attached Joint Filing Agreement is noted as Exhibit 99.1, documenting coordination among the reporting persons.