Aberdeen Group (NASDAQ: CRBP) discloses 7.53% Corbus Pharmaceuticals stake
Rhea-AI Filing Summary
Corbus Pharmaceuticals Holdings, Inc. (CRBP) reported that Aberdeen Group plc and its U.S. affiliate abrdn Inc. have become significant shareholders. The filing shows that these related entities beneficially own a total of 1,321,750 shares of Corbus common stock, representing 7.53% of the outstanding shares as of the reported date. Both Aberdeen Group plc (United Kingdom) and abrdn Inc. (United States) report shared voting and dispositive power over all of these shares, with no sole voting or sole dispositive authority.
The securities are certified as being held in the ordinary course of business and not for the purpose of changing or influencing control of Corbus, consistent with an institutional investment position under Schedule 13G. The filing notes that abrdn Inc. holds more than 5% of this class of stock on behalf of its underlying clients, with Aberdeen Group plc as the parent company and abrdn Holdings Limited as an intermediate holding company.
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FAQ
What percentage of Corbus Pharmaceuticals (CRBP) does Aberdeen Group plc beneficially own?
The filing states that Aberdeen Group plc and abrdn Inc. together beneficially own 1,321,750 shares of Corbus Pharmaceuticals common stock, representing 7.53% of the outstanding class as of the reported date.
Is the Aberdeen and abrdn stake in Corbus Pharmaceuticals intended to influence control of the company?
No. The certification states the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose or effect of changing or influencing the control of Corbus Pharmaceuticals.
What type of reporting persons are Aberdeen Group plc and abrdn Inc. in this ownership filing?
Aberdeen Group plc is classified as HC (a parent holding company or control person), while abrdn Inc. is classified as CO, IA (a corporation and investment adviser) under the Schedule 13G reporting categories.
What class of Corbus Pharmaceuticals securities is covered in this Schedule 13G?
The filing covers common stock of Corbus Pharmaceuticals Holdings, Inc., with a par value of $0.0001 per share and CUSIP 21833P301.