Alta Partners discloses 7.7% BioRestorative (BRTX) ownership stake
Rhea-AI Filing Summary
Alta Partners LLC has filed a Schedule 13G reporting a significant passive ownership position in BioRestorative Therapies, Inc. common stock. Alta Partners beneficially owns 1,787,163 shares, representing 7.7% of the company’s outstanding common stock.
Alta Partners reports sole voting and dispositive power over all 1,787,163 shares and no shared power. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of BioRestorative Therapies.
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FAQ
What stake does Alta Partners LLC report in BioRestorative Therapies (BRTX)?
Alta Partners LLC reports beneficial ownership of 1,787,163 shares of BioRestorative Therapies common stock, representing 7.7% of the class. This indicates Alta Partners holds a sizable minority position but not a controlling interest in the company’s equity.
Is Alta Partners’ BioRestorative (BRTX) position reported as passive or active?
Alta Partners certifies the BioRestorative position as passive. The filing states the shares were acquired and are held in the ordinary course of business, not to change or influence control or to participate in transactions with that purpose or effect.
Why did Alta Partners LLC have to file a Schedule 13G for BRTX?
A Schedule 13G is required when an investor exceeds 5% ownership of a company’s registered equity. Alta Partners reached 7.7% of BioRestorative’s common stock, triggering this beneficial ownership disclosure under U.S. securities rules as a passive holder.
Does Alta Partners’ 13G filing mention any warrants in BioRestorative (BRTX)?
Yes. Alta Partners states it beneficially owns 1,787,163 shares of common stock, excluding shares underlying warrants that are not exercisable. The reported ownership percentage therefore reflects only currently exercisable or outstanding common shares, not potential warrant shares.
Who signed the Alta Partners ownership report for BioRestorative (BRTX)?
The Schedule 13G is signed by Steven Cohen as Managing Member of Alta Partners LLC. The signature certifies, after reasonable inquiry, that the information on Alta Partners’ beneficial ownership of BioRestorative shares is true, complete, and correct as of the stated date.