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Invus-led group holds 9.99% of Eloxx (ELOX) via shares and warrants

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Eloxx Pharmaceuticals reported that certain affiliated investment entities led by Invus and Avicenna hold aggregate beneficial interests in its common stock. As of June 9, 2026, the Reporting Persons beneficially owned 403,586 shares (an aggregate of 400,000 shares and 3,586 warrants) representing 9.99% of issued and outstanding shares. The filing states Invus Public Equities directly held 350,525 shares and 43,816 pre-funded warrants, and Avicenna Fund directly held 49,475 shares and 6,184 pre-funded warrants. Shares outstanding used for the percentage calculation were 4,036,314 as of June 10, 2026. A Beneficial Ownership Limitation prevents exercises that would exceed 9.99%.

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Insights

Large holders report just under a 10% stake constrained by a beneficial ownership cap.

The filing lists concrete holdings: 403,586 shares total beneficial ownership including 3,586 warrants, computed using 4,036,314 shares outstanding as of June 10, 2026. The calculation and the 9.99% cap are stated explicitly.

The Beneficial Ownership Limitation limits warrant exercise beyond 9.99%, which affects potential near-term dilution from the reported pre-funded warrants. Subsequent disclosures would be needed to show any change in the cap or exercise activity.

Control attribution flows through multiple affiliated entities to one individual signing the form.

The filing explains that Invus PE Advisors, Global Management, Siren, Avicenna GP and Ulys are control chains that may be deemed to beneficially own the shares held by their funds; Mr. Raymond Debbane is identified as the managing member at the top of those chains.

The signature block shows certifications that holdings are not intended to influence control. Governance watchers may note the ownership structure but the filing does not assert any change of control.

Beneficial ownership (aggregate) 403,586 shares As of June 9, 2026
Shares outstanding used 4,036,314 shares As of June 10, 2026 (used to compute percentages)
Invus direct holdings 350,525 shares Invus Public Equities direct holdings as of June 9, 2026
Invus pre-funded warrants 43,816 warrants Exercisable one-for-one at $0.01, no expiration date
Avicenna direct holdings 49,475 shares Avicenna Fund direct holdings as of June 9, 2026
Avicenna pre-funded warrants 6,184 warrants Exercisable one-for-one at $0.01, no expiration date
Reported ownership percentage 9.99% Percentage of issued and outstanding shares as stated in filing
Beneficial Ownership Limitation regulatory
"Each of Invus Public Equities and Avicenna Fund is prohibited from exercising the Warrants if, as a result of such exercise, it ... would beneficially own more than 9.99%"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Pre-Funded Warrants financial
"43,816 Issuer Pre-Funded Warrants exercisable for Shares on a one-for-one basis"
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.
Schedule 13G regulatory
"Item 1. Name of issuer: Eloxx Pharmaceuticals, Inc. ... (form type appears in metadata)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Invus report in ELOX?

Invus-related entities report beneficial ownership of 403,586 shares including warrants, representing 9.99% of outstanding shares as of June 9, 2026. Calculations use 4,036,314 shares outstanding as of June 10, 2026.

How many pre-funded warrants are held by the reporting parties?

The filing states 50,000 pre-funded warrants in total: 43,816 held by Invus Public Equities and 6,184 held by Avicenna Fund, exercisable one-for-one at $0.01 per share with no expiration date.

What is the Beneficial Ownership Limitation described in the filing?

The Beneficial Ownership Limitation bars exercise of warrants if exercise would cause ownership to exceed 9.99%; a holder may change that percentage only upon 61 days' notice to the issuer, per the filing language.

Which entities are listed as Reporting Persons on the Schedule 13G?

Reporting Persons include Invus Public Equities, L.P.; Invus Public Equities Advisors, LLC; Invus Global Management, LLC; Siren, L.L.C.; Avicenna Life Sci Master Fund LP; Avicenna Life Sci Master GP LLC; Ulys, L.L.C.; and Raymond Debbane, with control relationships described in Item 4.

What share count was used to compute the percentage ownership?

The percentage calculations are based on 4,036,314 shares outstanding as of June 10, 2026, plus 3,586 shares issuable upon exercise of certain warrants constrained by the ownership limitation.





29014R301

(CUSIP Number)
06/09/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (5), (7), (9) and (11).


SCHEDULE 13G



Invus Public Equities, L.P.
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, President of Invus Public Equities Advisors, LLC, its general partner
Date:06/15/2026
Invus Public Equities Advisors, LLC
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, President
Date:06/15/2026
Invus Global Management, LLC
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, President
Date:06/15/2026
Siren, L.L.C.
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, President
Date:06/15/2026
Avicenna Life Sci Master Fund LP
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, Chief Executive Officer of Avicenna Life Sci Master GP LLC, its general partner
Date:06/15/2026
Avicenna Life Sci Master GP LLC
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, Chief Executive Officer
Date:06/15/2026
Ulys, L.L.C.
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane, President
Date:06/15/2026
Raymond Debbane
Signature:/s/ Raymond Debbane
Name/Title:Raymond Debbane
Date:06/15/2026