Armistice and Steven Boyd Report 1.29M Shares of Curis (CRIS)
Rhea-AI Filing Summary
Armistice Capital and Steven Boyd report beneficial ownership of 1,287,337 shares of Curis Inc (CUSIP 00510M203), representing 9.99% of the company's common stock. Armistice Capital, LLC is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and exercises shared voting and dispositive power over those securities. Steven Boyd, as managing member of Armistice Capital, is reported with the same shared voting and dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of influencing control.
Positive
- Clear disclosure of beneficial ownership totaling 1,287,337 shares (9.99%)
- Filing identifies governance relationship: Armistice Capital as investment manager of the Master Fund and Steven Boyd as managing member
- Position stated as held in the ordinary course and not for purpose of changing or influencing control
Negative
- None.
Insights
TL;DR: Armistice and its manager Steven Boyd report a near-10% stake in Curis, disclosed as held in the ordinary course.
The Schedule 13G/A shows a 9.99% ownership position (1,287,337 shares) disclosed by Armistice Capital and Steven Boyd. The structure indicates the Master Fund is the direct holder while Armistice as investment manager and Mr. Boyd as managing member exercise shared voting and dispositive power. The filing is a passive disclosure under Rule 13d-1, stating the position is not intended to change or influence control. For investors, this documents a sizeable passive stake without assertion of control intent.
TL;DR: Reporting aligns with standard 13G practice: manager-disclosed beneficial ownership and a joint filing by manager and individual manager.
The joint filing pursuant to Rule 13d-1(k) appropriately attributes beneficial ownership to both the investment manager and the managing member. The Master Fund disclaims direct beneficial ownership due to its investment management agreement, consistent with typical manager-client arrangements. The certification affirms the holdings are ordinary-course and not for control purposes, which supports classification under 13G rather than 13D.