CVKD files Form 144 to sell 30,600 common shares valued at $428K
Rhea-AI Filing Summary
Cadrenal Therapeutics, Inc. (CVKD) filed a Form 144 notifying a proposed sale of 30,600 common shares held by the filer. The shares were acquired in a private placement on 01/25/2022 and the aggregate market value of the shares to be sold is listed as $428,094.00. The form identifies Merrill Lynch (Ponte Vedra Beach, FL) as the broker and lists an approximate sale date of 08/27/2025 on the NASQ exchange. The filing states no securities were sold by the filer in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information.
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Insights
TL;DR: Routine Form 144 filing for a planned sale of 30,600 shares, reflecting a holder monetizing a private placement stake.
The filing is a standard Rule 144 notice describing an intended sale rather than evidence of completed transactions or operational changes. Key facts are explicit: 30,600 common shares acquired via private placement on 01/25/2022, aggregate market value $428,094, broker Merrill Lynch, and planned sale date 08/27/2025 on NASQ. Absence of sales in the prior three months and the seller's certification about material nonpublic information reduce near-term informational surprises. This notice is informational for market transparency but does not itself alter company fundamentals.
TL;DR: Administrative disclosure of an intended insider/affiliate sale; procedural compliance with Rule 144 is documented.
The form documents compliance with Rule 144 by providing acquisition details, planned broker and sale date, and the filer’s certification regarding material nonpublic information. It identifies the original acquisition as a private placement from the company, which is relevant for establishing holding period and resale eligibility. The filing contains no signatures or dates of notice/plan adoption in the provided content, so completeness of execution elements cannot be confirmed from this extract alone.