Envoy Medical (COCH) investor details 84.8% beneficial ownership stake
Rhea-AI Filing Summary
Envoy Medical stockholder Glen A. Taylor filed an amended Schedule 13D to update his ownership after a February 2026 investment. He purchased 18,750,000 shares of Class A Common Stock together with Series A-1 Warrants for 11,250,000 shares and Series A-2 Warrants for 18,750,000 shares at a combined price of $0.40 per share and accompanying warrants, for an aggregate $7,500,000 funded with personal funds.
The common warrants have a $0.40 exercise price and become exercisable after stockholder approval of the warrant share issuance, with Series A-1 Warrants expiring up to 24 months after that approval (or earlier upon Milestone 1) and Series A-2 Warrants up to 60 months (or earlier upon Milestone 2). As of February 12, 2025, he is treated as beneficially owning 68,909,614 shares of Class A Common Stock, or 84.8% of the class, based on 76,881,110 shares outstanding immediately following the company’s offering, including the warrant shares. On the same date, he directly holds 29,040,049 outstanding shares, or 37.7% of those outstanding shares.
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Insights
Large existing stockholder formalizes an 84.8% beneficial stake via new shares and warrants.
Glen A. Taylor documents a sizable participation in an Envoy Medical offering, buying 18,750,000 Class A shares plus common warrants for $7,500,000 at $0.40 per share-and-warrant unit, funded with personal capital. This aligns his economic exposure with other investors in the same financing terms.
Including the new warrant positions, he is treated as beneficially owning 68,909,614 shares, or 84.8% of Class A Common Stock, based on 76,881,110 shares outstanding immediately after the offering. The filing clarifies that warrant shares are counted for beneficial ownership even though they become exercisable only after stockholder approval.
Excluding the warrants, Taylor directly holds 29,040,049 outstanding shares, or 37.7% of the post-offering Class A total. The amendment also states he has sole voting and dispositive power over these shares. Subsequent company disclosures may further detail any stockholder approval timing that governs when the warrants can actually be exercised.
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