[SCHEDULE 13G] Chemomab Therapeutics Ltd. American Depositary Share SEC Filing
Schedule 13G filing dated 06/30/2025 shows Morgan Stanley and subsidiary Morgan Stanley & Co. LLC have exceeded the 5 % threshold in Chemomab Therapeutics Ltd. (CMMB).
- Morgan Stanley reports 32,282,680 ordinary shares/ADS, representing 8.4 % of the outstanding class.
- Morgan Stanley & Co. LLC separately holds 28,786,680 shares or 7.5 %.
- Both entities report shared voting and dispositive power; no sole authority is listed.
- Filed under Rule 13d-1(b) as a broker-dealer/holding company, signalling a passive investment rather than a control bid.
- Cover pages classify the parent as “HC, CO” and the subsidiary as “BD, CO.”
- Signatures by authorised signatory Christopher O’Hara are dated 08/07/2025.
The disclosure increases institutional visibility and liquidity for CMMB but contains no operational or strategic changes.
- None.
- None.
Insights
TL;DR Morgan Stanley now owns 8.4 % of CMMB, indicating passive but sizable institutional support.
The 13G shows a combined 32.3 million ADS held, giving Morgan Stanley meaningful exposure while explicitly remaining passive (Rule 13d-1(b)). Shared voting/dispositive powers mean the bank aggregates client positions rather than deploying its own balance sheet, so immediate activism risk is low. Still, the presence of a tier-one broker-dealer can boost trading liquidity and research coverage, potentially narrowing the discount often seen in micro-cap biotech names like Chemomab. Impact is modest until further accumulation or a switch to a 13D occurs.
TL;DR Filing is compliance-driven; no governance change, but ownership concentration inches upward.
The filing underscores Chemomab’s dispersed shareholder base: even after this purchase, the largest holder controls only 8.4 %. Because Morgan Stanley reports under passive status, the board retains autonomy, and no poison-pill or control provisions are triggered. However, a single intermediary controlling >5 % can influence proxy outcomes if client shares are voted as a bloc, so management should maintain active investor relations. Overall governance impact remains neutral.