Coastlands discloses 1.25M shares (16.51%) in Eloxx
Eloxx Pharmaceuticals disclosed that Coastlands-related reporting persons collectively hold 1,250,000 shares of Common Stock, representing 16.51% of the class.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Eloxx Pharmaceuticals disclosed that Coastlands-related reporting persons collectively hold 1,250,000 shares of Common Stock, representing 16.51% of the class. The filing states the ownership calculation uses 5,071,935 shares outstanding as of March 12, 2026 and reflects 2,500,000 shares issued on April 27, 2026 upon exercise of pre-funded warrants. The reporting persons state shared voting and dispositive power over 1,250,000 shares and disclaim control-group status and beneficial ownership beyond their pecuniary interest; a 4.99% beneficial ownership limitation for certain pre-funded warrants is noted.
Insights
Coastlands reports a sizable passive stake with shared control flags; governance implications are routine for large investors.
Coastlands and affiliated entities report beneficial ownership of 1,250,000 shares (16.51%) using the issuer's March 12, 2026 outstanding count. The filing states shared voting and dispositive power, which is typical for an LP/GP structure where power is exercised collectively.
Key items to watch in future disclosures include any schedule amendments that change percent ownership, any acquisitions or dispositions, and whether the partnership converts pre-funded warrants beyond stated 4.99% limitations.
The filing disclaims group status and control; legal posture focuses on compliance with Rule 13d-3 definitions.
The reporting persons expressly disclaim membership in a group and broader beneficial ownership except for pecuniary interest. The signature block and Exhibit 99.1 (joint filing agreement) are included to document filing mechanics.
Material legal signals would appear if future amendments assert group formation, increase voting power, or alter the beneficial ownership limitation; none of those changes are stated here.
Key Figures
Key Terms
Schedule 13G regulatory
beneficial ownership regulatory
pre-funded warrants financial
beneficial ownership limitation legal
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Coastlands hold in Eloxx Pharmaceuticals (ELOX)?
How was the 16.51% ownership percentage calculated for ELOX?
Do Coastlands reporting persons claim control of Eloxx (ELOX)?
What is the 4.99% beneficial ownership limitation mentioned in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.