CNBX (CNBX): 3i group discloses 169M-share, 9.99% beneficial stake cap
Rhea-AI Filing Summary
CNBX Pharmaceuticals Inc. is reported to have 169,341,400 shares of common stock beneficially owned by 3i, LP, 3i Management LLC, and Maier Joshua Tarlow as a group, representing 9.99% of the outstanding common stock. This ownership is based on 1,605,768,095 shares outstanding as of June 17, 2026. The position includes 80,000,000 shares currently held and 89,341,400 shares issuable upon conversion of a senior secured convertible note, subject to a 9.99% beneficial ownership limitation that prevents the holders and their affiliates from exceeding that percentage after any conversion. All three reporting persons share voting and dispositive power over the same 169,341,400 shares.
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Key Figures
Beneficially owned shares: 169,341,400 shares
Ownership percentage: 9.99%
Shares outstanding: 1,605,768,095 shares
+4 more
7 metrics
Beneficially owned shares
169,341,400 shares
Shares of CNBX common stock beneficially owned by the reporting persons
Ownership percentage
9.99%
Portion of CNBX common stock class reported as beneficially owned
Shares outstanding
1,605,768,095 shares
CNBX common shares outstanding as of June 17, 2026, per Form 10-Q
Directly held shares
80,000,000 shares
CNBX common stock directly held by 3i, LP
Shares issuable under Blocker
89,341,400 shares
CNBX shares issuable upon note conversion counted within the 9.99% limit
Note principal
$572,404
Approximate principal amount of senior secured convertible note held by 3i
Maximum shares under note
7,155,054,750 shares
Maximum CNBX shares into which the note is convertible at alternate price as of June 30, 2026
Key Terms
beneficial ownership, senior secured convertible note, beneficial ownership limitation, Blocker, +2 more
6 terms
beneficial ownership financial
"Consequently, 3i is the beneficial owner of 169,341,400 shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
senior secured convertible note financial
"shares of Common Stock issuable upon conversion of a senior secured convertible note (the "Note")"
A senior secured convertible note is a loan a company takes that is backed by specific assets and has first claim on repayment ahead of other creditors, but can also be exchanged for company shares under agreed conditions. For investors it signals higher priority if the company struggles (like a mortgage holder vs a general creditor) while also creating potential stock dilution if the loan is converted into equity, affecting value and recovery prospects.
beneficial ownership limitation financial
"which conversion is subject to a 9.99% beneficial ownership limitation provision (the "Blocker")"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Blocker financial
"as a result of the triggering of the 9.99% Blocker contained in the Note"
dispositive power financial
"Shared Dispositive Power 169,341,400.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What are the key terms of the senior secured convertible note held by 3i regarding CNBX?
3i holds a senior secured convertible note with principal of approximately $572,404, convertible into up to 7,155,054,750 CNBX shares at an alternate conversion price as of June 30, 2026, but conversions are limited by a 9.99% beneficial ownership Blocker.
Who are the reporting persons in this CNBX Schedule 13G/A Amendment No. 9?
The filing identifies three reporting persons: 3i, LP, a Delaware limited partnership; 3i Management LLC, its Delaware general partner; and Maier Joshua Tarlow, a U.S. citizen who manages 3i Management and shares voting and dispositive power over the CNBX shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.