[SCHEDULE 13G] Cyclacel Pharmaceuticals, Inc. 6% Cnvrtbl. Prfrd. Stock SEC Filing
Cyclacel Pharmaceuticals, Inc. Schedule 13G filed by Yap Kim Choy discloses beneficial ownership of 218,000 shares, representing 9.8% of the class. The filing states these shares are held with sole voting and dispositive power and that they were not acquired to change or influence control of the issuer. The statement identifies the filing as a Schedule 13G disclosure and includes a signature certifying the accuracy of the information.
- Beneficial ownership disclosed: 218,000 shares representing 9.8% of the class
- Sole voting and dispositive power: filer reports exclusive control over voting and disposition of the shares
- Certification of passive intent: filer states holdings were not acquired to change or influence control
- None.
Insights
TL;DR: A non-U.S. individual reports a near-10% stake, a material disclosure but not an active control claim.
The filing shows 218,000 shares (9.8%) held with sole voting and dispositive power by Yap Kim Choy. As a Schedule 13G, the filer indicates a passive intent by certifying the securities were not acquired to change or influence control. For investors, a stake approaching 10% is notable because it can attract attention from other shareholders and the market, but the filer explicitly disclaims control intent, which keeps this disclosure in the passive category.
TL;DR: Disclosure is timely and complete for a passive investor owning a significant stake under Schedule 13G.
The statement records sole voting and dispositive authority over the disclosed shares and includes the required certification that the holdings are not intended to influence control. From a governance perspective, the filer’s classification and certification align with passive investor reporting obligations, but the near-10% holding could warrant monitoring for any future changes in intent or filings that would convert the position to an active role.