Eloxx: Coastlands reports 4.99% holding
Eloxx Pharmaceuticals — Amendment No. 1 to a Schedule 13G/A: Coastlands-related reporting persons state they beneficially own 266,539 shares of Common Stock, representing 4.99% based on 5,074,935 shares outstanding as of May 27, 2026.
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Rhea-AI Filing Summary
Eloxx Pharmaceuticals — Amendment No. 1 to a Schedule 13G/A: Coastlands-related reporting persons state they beneficially own 266,539 shares of Common Stock, representing 4.99% based on 5,074,935 shares outstanding as of May 27, 2026. The filing describes these shares as issuable upon exercise of pre-funded warrants and notes this Amendment constitutes an exit filing because the reporting persons no longer beneficially own more than 5% of any class of the issuer's securities.
Insights
Coastlands discloses sub-5% position and exit status.
The filing lists 266,539 shares issuable upon exercise of pre-funded warrants and calculates a 4.99% beneficial ownership limitation using May 27, 2026 outstanding shares of 5,074,935. The report is an amendment identifying the reporting persons as now below the 5% threshold.
Governance implications are procedural: the filing clarifies ownership and limitation language. Subsequent public filings would show any change; timing and cash-flow treatment are not stated in the provided excerpt.
Schedule 13G/A amendment used as an exit filing after ownership falls below 5%.
The Schedule 13G/A amendment references pre-funded warrants exercisable into 266,539 shares, and explicitly applies a 4.99% beneficial ownership limitation. The filing disclaims group membership and clarifies reporting relationships among Coastlands entities and Mr. Perry.
This is a routine disclosure under Rule 13d-1; it documents beneficial ownership calculations and signatures dated May 29, 2026. Materiality to investors is limited to updated ownership transparency.
Key Figures
Key Terms
pre-funded warrants financial
beneficial ownership limitation regulatory
Schedule 13G/A regulatory
FAQ
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What does the Eloxx (ELOX) Schedule 13G/A amendment say about Coastlands' holdings?
Does the Schedule 13G/A for Eloxx (ELOX) signal a change in control?
AI-generated analysis. How Rhea-AI works. Not financial advice.