Coeptis Therapeutics (NASDAQ: COEP) revises post‑merger ownership and BSG control
Rhea-AI Filing Summary
Coeptis Therapeutics Holdings, Inc. has issued a prospectus supplement to correct the “Principal Stockholders of Proposed Combined Company” table in its S-4 proxy statement/prospectus for the planned merger.
The supplement assumes that the merger consideration will equal approximately 79% of the combined company’s issued and outstanding common stock at closing, based on 5,762,221 Coeptis shares outstanding on the date of the supplement. Under these assumptions, BSG Series LLC is shown as beneficially owning 22,459,490 shares, or 73.37%, immediately after the merger, with executive officers and directors as a group at 854,775 shares, or 2.79%. BSG Series LLC is expected to distribute its merger shares pro rata to its members in a “BSG Dividend,” after which no single BSG member will beneficially own more than 5% of Coeptis common stock.
Positive
- None.
Negative
- High initial ownership concentration: Based on the stated assumptions, BSG Series LLC is expected to hold 22,459,490 shares, or 73.37% of post‑merger common stock, implying significant control by a single holder until the planned BSG Dividend is completed.
Insights
Supplement clarifies post‑merger ownership concentration and control dynamics.
The supplement mainly corrects typographical errors in the principal stockholders table, but it also clarifies expected ownership concentration after the merger. Based on the stated assumptions, BSG Series LLC would initially control 73.37% of Coeptis common stock, indicating very high post‑closing concentration.
The document also explains that BSG Series LLC plans a pro rata “BSG Dividend,” distributing its merger shares to members so that no individual member holds more than
For governance, this structure means initial control is effectively with BSG Series LLC and its decision‑makers, transitioning over time to a more dispersed base among its members. Future company filings describing the actual closing share issuance and completion of the BSG Dividend will provide clearer insight into the final ownership profile.
FAQ
What is Coeptis Therapeutics (COEP) changing with this prospectus supplement?
The supplement corrects the “Principal Stockholders of Proposed Combined Company” table in the S-4 proxy statement/prospectus. It updates post‑merger beneficial ownership figures and related footnotes while leaving the rest of the merger‑related disclosure unchanged.
How much of the combined company will the merger consideration represent for COEP?
The merger consideration is assumed to represent approximately 79% of the combined company’s issued and outstanding common stock at closing, calculated using 5,762,221 Coeptis common shares outstanding on the supplement date.
Who will be the largest post-merger stockholder of Coeptis Therapeutics (COEP)?
Under the stated assumptions, BSG Series LLC is expected to be the largest stockholder, shown with 22,459,490 shares of common stock, representing 73.37% beneficial ownership immediately following the merger transaction.
What is the BSG Dividend mentioned in the Coeptis (COEP) supplement?
The BSG Dividend is a planned pro rata distribution of merger consideration shares by BSG Series LLC to its members. After this distribution, no individual BSG Series LLC member is expected to beneficially own more than 5% of Coeptis common stock.
How many shares will Coeptis (COEP) executives and directors hold after the merger?
The corrected table shows executive officers and directors as a group holding 854,775 shares of common stock immediately following the merger, representing 2.79% of the combined company’s outstanding common stock under the stated assumptions.
What does the supplement say about risks of investing in Coeptis (COEP)?
The supplement reiterates that investing in Coeptis securities involves a high degree of risk and directs readers to the “Risk Factors” section beginning on page 43 of the prospectus and related incorporated documents for detailed risk discussions.