Armistice Capital Reports 9.99% Stake in CNS Pharmaceuticals (CNSP)

Armistice Capital, LLC and Steven Boyd report beneficial ownership of 561,148 shares of CNS Pharmaceuticals common stock, representing 9.99% of the class.

Rhea-AI Filing Summary

Armistice Capital, LLC and Steven Boyd report beneficial ownership of 561,148 shares of CNS Pharmaceuticals common stock, representing 9.99% of the class. Armistice Capital, as investment manager to Armistice Capital Master Fund Ltd. (the Master Fund), exercises shared voting and dispositive power over these shares; Mr. Boyd, as managing member of Armistice Capital, is similarly reported to have shared voting and dispositive power. The filing states the Master Fund is the direct holder and that it disclaims beneficial ownership to the extent it cannot vote or dispose of the securities under its investment management agreement.

Positive

• Clear disclosure of beneficial ownership amounting to 561,148 shares (9.99%)
• Transparency about the relationship: Armistice Capital as investment manager and the Master Fund as direct holder, with explanation of voting/dispositive authority

Negative

• None.

Insights

Financial Analyst

TL;DR: A near-10% disclosed stake by an activist-capable manager signals a meaningful position but not outright control.

Armistice's reported 9.99% position is material by percent-of-class standards and warrants attention because investment managers with shared voting power can influence governance or strategic outcomes, particularly in small-cap issuers. The filing clarifies that voting and disposition authority rests with Armistice under an investment management agreement while the Master Fund is the direct holder. This structure is common for manager-held stakes and creates potential for engagement without immediate control.

Corporate Governance Expert

TL;DR: Disclosure is standard and complete regarding voting/dispositive authority and the manager-client relationship.

The statement clearly discloses shared voting and dispositive power and includes the Master Fund's disclaimer of direct beneficial ownership due to the investment management agreement. The joint filing and signature by the managing member satisfy Rule 13d-1(k) joint-filing conventions. From a governance perspective, this creates a notable stakeholder that could engage with the board but lacks unilateral control based on the reported stake.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in CNS Pharmaceuticals (CNSP) did Armistice Capital report?

Armistice Capital and Steven Boyd reported beneficial ownership of 561,148 shares, representing 9.99% of the class.

Who holds voting and disposition authority for the reported CNSP shares?

The filing states Armistice Capital, as investment manager to the Master Fund, exercises shared voting and shared dispositive power over the reported shares.

Is the Master Fund listed as the direct holder of the CNSP shares?

Yes. The Master Fund is identified as the direct holder, and it disclaims beneficial ownership

Did Steven Boyd sign the Schedule 13G for CNSP?

Yes. The filing is signed by Steven Boyd in his capacity as Managing Member of Armistice Capital and individually.

Does the Schedule 13G indicate an intent to influence control of CNS Pharmaceuticals?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, as reported in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 08:56 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CNS PHARMACEUTICALS INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

09057N409

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

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

CUSIP No. 09057N409

1

Names of Reporting Persons

Armistice Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 561,148.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 561,148.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

561,148.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 09057N409

1

Names of Reporting Persons

Steven Boyd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 561,148.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 561,148.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

561,148.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CNS PHARMACEUTICALS INC
(b)	Address of issuer's principal executive offices: 2100 WEST LOOP SOUTH, SUITE 900, HOUSTON, TX, 77027
Item 2.
(a)	Name of person filing: Armistice Capital, LLC Steven Boyd Collectively, the "Reporting Persons"
(b)	Address or principal business office or, if none, residence: Armistice Capital, LLC 510 Madison Avenue, 7th Floor New York, New York 10022 United States of America Steven Boyd c/o Armistice Capital, LLC 510 Madison Avenue, 7th Floor New York, New York 10022 United States of America
(c)	Citizenship: Armistice Capital, LLC - Delaware; Steven Boyd - United States of America
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 09057N409
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 561,148
(b)	Percent of class: 9.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 561,148
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 561,148 The percentage of Shares reported to be beneficially owned by the Reporting Persons are based on information from the Issuer. Armistice Capital, LLC ("Armistice Capital") is the investment manager of Armistice Capital Master Fund Ltd. (the "Master Fund"), the direct holder of the Shares, and pursuant to an Investment Management Agreement, Armistice Capital exercises voting and investment power over the securities of the Issuer held by the Master Fund and thus may be deemed to beneficially own the securities of the Issuer held by the Master Fund. Mr. Boyd, as the managing member of Armistice Capital, may be deemed to beneficially own the securities of the Issuer held by the Master Fund. The Master Fund specifically disclaims beneficial ownership of the securities of the Issuer directly held by it by virtue of its inability to vote or dispose of such securities as a result of its Investment Management Agreement with Armistice Capital.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Master Fund, a Cayman Islands exempted company that is an investment advisory client of Armistice Capital, has the right to receive dividends from, or the proceeds from the sale of, the reported securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Armistice Capital, LLC

Signature:	/s/ Steven Boyd
Name/Title:	Steven Boyd - Managing Member
Date:	08/14/2025

Steven Boyd

Signature:	/s/ Steven Boyd
Name/Title:	Steven Boyd
Date:	08/14/2025

Exhibit Information

JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: August 14, 2025 Armistice Capital, LLC By: /s/ Steven Boyd Steven Boyd - Managing Member Steven Boyd By: /s/ Steven Boyd