Novo Holdings (NASDAQ: COAG) details Hemab preferred stock stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Novo Holdings A/S, a more than 10% owner of Hemab Therapeutics Holdings, Inc., filed an initial Form 3 to report its existing preferred stock holdings. The filing lists Series Seed, Series A, Series B and Series C Preferred Stock, each convertible into specified numbers of Common Stock.
According to the disclosure, each share of these preferred series will automatically convert into Common Stock on a 22-for-1 basis immediately prior to the closing of Hemab’s initial public offering for no additional consideration and with no expiration date. The reported positions represent pre‑IPO economic exposure rather than new market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Novo Holdings A/S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series Seed Preferred Stock | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series C Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series Seed Preferred Stock — 513,546 shares (Direct, null);
Series A Preferred Stock — 1,581,052 shares (Direct, null);
Series B Preferred Stock — 1,366,662 shares (Direct, null);
Series C Preferred Stock — 719,290 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Series C underlying common: 719,290 shares
Series B underlying common: 1,366,662 shares
Series A underlying common: 1,581,052 shares
+2 more
5 metrics
Series C underlying common
719,290 shares
Underlying Common Stock for Series C Preferred
Series B underlying common
1,366,662 shares
Underlying Common Stock for Series B Preferred
Series A underlying common
1,581,052 shares
Underlying Common Stock for Series A Preferred
Series Seed underlying common
513,546 shares
Underlying Common Stock for Series Seed Preferred
Conversion ratio
22-for-1
Automatic conversion of each preferred share into Common Stock
Key Terms
Form 3, Series C Preferred Stock, initial public offering, automatic conversion
4 terms
Form 3 regulatory
"filed an initial Form 3 to report its existing preferred stock holdings"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Series C Preferred Stock financial
"The filing lists Series Seed, Series A, Series B and Series C Preferred Stock"
A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.
initial public offering financial
"convert into Common Stock on a 22-for-1 basis immediately prior to the closing of the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
automatic conversion financial
"will automatically convert into shares of Common Stock on a 22-for-1 basis"
FAQ
What does Novo Holdings A/S report in its Form 3 for COAG?
Novo Holdings A/S reports its existing holdings of Hemab Therapeutics preferred stock. The filing lists Series Seed, Series A, Series B and Series C Preferred Stock, each tied to specific numbers of underlying Common Stock shares before Hemab’s planned initial public offering.