[SCHEDULE 13G/A] Cyclacel Pharmaceuticals, Inc. 6% Cnvrtbl. Prfrd. Stock SEC Filing
Yap Kim Choy filed an amendment on Schedule 13G reporting beneficial ownership in Cyclacel Pharmaceuticals, Inc. common stock totaling 872,000 shares or equivalents, representing 20.76% of the class. The filing states the position consists of 218,000 common shares and 218,000 warrants in each of three series (A, B and C) that together account for the aggregate amount. The filer reports sole voting and dispositive power over the full amount and certifies the securities were not acquired to change or influence control of the issuer. The filing includes links to the amended and restated warrant forms as exhibits.
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Insights
TL;DR: A single holder reports a meaningful 20.76% economic interest composed of shares plus warrants, with sole voting and dispositive power.
The disclosure shows a concentrated position equal to just over one-fifth of the outstanding class, combining current common shares and multiple series of warrants convertible into common stock. Sole voting and dispositive power indicates the filer controls voting and disposition decisions for the reported position. The certification that the stake was not acquired to influence control is standard for this filing type, but investors should note the aggregated ownership includes exercisable instruments that can affect future share count and voting dynamics if exercised.
TL;DR: Beneficial owner reports sole control of a material 20.76% stake comprised of shares and warrants; filing asserts no intent to change control.
The Schedule 13G/A reports sole voting and dispositive authority over 872,000 shares or equivalents, which is a material block for corporate governance considerations. The inclusion of series A, B and C warrants in the ownership calculation is important because warrant exercise could increase the filer’s economic and voting exposure. The filer’s signature includes the required certification asserting non-control purpose, aligning this filing with passive investor disclosure rules rather than a Schedule 13D activist disclosure.