Eloxx (ELOX) 10% holder swaps Pre-Funded Warrants into common stock
Rhea-AI Filing Summary
Eloxx Pharmaceuticals, Inc. reported that 10% owner Domicilium Real Estate Fund III LP, through affiliated investment entities, restructured its position in pre-funded warrants and common stock. Several transactions coded "J" as "other acquisition or disposition" reflect exchanges of Pre-Funded Warrants into common shares pursuant to their terms.
Footnotes state that each Pre-Funded Warrant was exchanged for one share of Eloxx common stock and that the warrants have no expiration date and are exercisable at any time, subject to a 19.99% beneficial ownership cap. All holdings are reported as indirect, through funds and LLCs advised by Domicilium and managed by Daniel Simon. No open-market purchases or sales are reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 600,000 shares
Net Buy
7 txns
Insider
Domicilium Real Estate Fund III LP
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Pre-funded Warrant | 238,422 | $0.00 | $0.00 |
| Other | Pre-funded Warrant | 361,578 | $0.00 | $0.00 |
| Other | common stock, $0.01 par value per share | 238,422 | $0.00 | $0.00 |
| Other | common stock, $0.01 par value per share | 361,578 | $0.00 | $0.00 |
| holding | Pre-funded Warrant | -- | -- | -- |
| holding | Pre-funded Warrant | -- | -- | -- |
| holding | common stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Pre-funded Warrant — 834,489 shares (Indirect, See footnote);
common stock, $0.01 par value per share — 375,863 shares (Indirect, See footnote)
Footnotes (7)
- F1. Each pre-funded warrant to purchase shares of the Issuer's common stock (the "Pre-Funded Warrants") was exchanged (pursuant to the terms of the Pre-Funded Warrant) for 1 share of the Issuer's common stock.
- F2. The securities are owned directly by Domicilium Real Estate Fund III LP (the "Fund") and may be deemed to be indirectly beneficially owned by (i) Domicilium Capital Partners LLC, ("Domicilium"), the investment adviser to the Fund, (ii) Domicilium Real Estate Fund III GP LLC (the "General Partner"), the general partner of the Fund, and (ii) Daniel Simon, the managing member of Domicilium and the General Partner.
- F3. The securities are owned directly by BKJLAGG, LLC ("BKJLAGG") and may be deemed to be indirectly beneficially owned by (i) Domicilium, the investment adviser to BKJLAGG, and (ii) Daniel Simon, the managing member of Domicilium.
- F4. The securities may be deemed to be indirectly beneficially owned by (i) Domicilium, and (ii) Daniel Simon, the managing member of Domicilium.
- F5. The Pre-Funded Warrants have no expiration date and are exercisable at any time after the date of issuance. A holder of Pre-Funded Warrants may not exercise the Pre-Funded Warrant if the holder, together with its affiliates, would beneficially own more than 19.99% of the number of shares of common stock outstanding immediately after giving effect to such exercise.
- F6. The securities are owned directly by MSEK Charleston LLC ("MSEK") and may be deemed to be indirectly beneficially owned by (i) Domicilium, the investment adviser to MSEK, and (ii) Daniel Simon, the managing member of Domicilium.
- F7. The securities are owned directly by Bold Stroke Investments, LLC ("Bold Stroke") and may be deemed to be indirectly beneficially owned by (i) Domicilium, the investment adviser to Bold Stroke, and (ii) Daniel Simon, the managing member of Domicilium.
Key Figures
Common stock transaction 1: 361,578 shares
Common stock transaction 2: 238,422 shares
Beneficial ownership cap: 19.99%
+2 more
5 metrics
Common stock transaction 1
361,578 shares
Transaction code J, common stock, indirect ownership
Common stock transaction 2
238,422 shares
Transaction code J, common stock, indirect ownership
Beneficial ownership cap
19.99%
Maximum common stock beneficial ownership after warrant exercise
Warrant exercise price
$0.0000 per share
Pre-Funded Warrants underlying common stock
Indirect common stock holding
14,285 shares
Common stock, indirect, holding entry after transaction
Key Terms
Pre-Funded Warrants, beneficially owned, ten percent owner, exercise price, +1 more
5 terms
Pre-Funded Warrants financial
"Each pre-funded warrant to purchase shares of the Issuer's common stock (the "Pre-Funded Warrants") was exchanged..."
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
beneficially owned financial
"The securities are owned directly by Domicilium Real Estate Fund III LP ... and may be deemed to be indirectly beneficially owned..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
ten percent owner financial
""is_ten_percent_owner": 1"
exercise price financial
""conversion_or_exercise_price": "0.0000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
indirect ownership financial
""ownership_type": "indirect""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Domicilium Real Estate Fund III LP report for ELOX?
Domicilium Real Estate Fund III LP reported restructuring transactions coded "J" involving Pre-Funded Warrants and Eloxx common stock. Footnotes explain that each Pre-Funded Warrant was exchanged for one share of common stock, with no open-market buying or selling disclosed.
Did the ELOX Form 4 show any open-market buys or sells by the insider?
The Form 4 shows no open-market purchases or sales. All transactions are coded "J" as "other acquisition or disposition," reflecting exchanges and restructurings between Pre-Funded Warrants and common stock held through investment entities rather than direct market trades.
What are the key terms of the Eloxx Pre-Funded Warrants held by the insider?
The Pre-Funded Warrants have no expiration date and are exercisable at any time after issuance. However, a holder cannot exercise if, after exercise, it would beneficially own more than 19.99% of Eloxx’s outstanding common stock, limiting potential concentration.