Stonepine discloses 9.9% stake in Eloxx Pharmaceuticals
Eloxx Pharmaceuticals reports a Schedule 13G filing showing Stonepine-affiliated filers beneficially own 403,228 shares of Common Stock, equal to 9.9% of the class.
Rhea-AI Filing Summary
Eloxx Pharmaceuticals reports a Schedule 13G filing showing Stonepine-affiliated filers beneficially own 403,228 shares of Common Stock, equal to 9.9% of the class. The filing states the position comprises 400,000 shares and pre-funded warrants to acquire 50,000 shares, subject to a 9.99% beneficial ownership limitation. The percentage is calculated using 4,036,314 shares outstanding immediately after the offering, as reported in the issuer's June 9, 2026 prospectus. The reporting persons disclaim group membership and disavow beneficial ownership beyond their pecuniary interest; shared voting and dispositive power are reported for 403,228 shares.
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Insights
Stonepine-affiliated entities report a 9.9% holding including prefunded warrants.
The filing lists 403,228 shares of Common Stock as beneficially owned across Stonepine entities and Jon M. Plexico, composed of 400,000 shares plus prefunded warrants for 50,000 shares subject to a 9.99% ownership cap. The calculation uses June 9, 2026 outstanding share count of 4,036,314.
Cash-flow treatment and disposition plans are not stated in the excerpt. Subsequent filings or disclosures would show if these holdings are passive or will change; timing and methods of any sales are not included here.
Shared voting/dispositive power is disclosed; reporting persons disclaim broader group ownership.
The filing shows zero sole voting or dispositive power and 403,228 shares of shared voting and dispositive power across the filer entities, with explicit disclaimers that each disclaims group membership and certain beneficial ownership definitions under Rule 13d-3.
For governance implications, note the position approaches the 10% threshold commonly used for notice but remains below the 9.99% limit tied to prefunded warrants. Any change in voting or disposition authority would require updated disclosure.
Key Figures
Key Terms
pre-funded warrants financial
beneficial ownership limitation regulatory
FAQ
What stake does Stonepine report in Eloxx Pharmaceuticals (ELOX)?
Do the reporting persons claim sole voting or dispositive power?
Do the filers state whether they form a group?
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