Lind Global discloses 9.99% Enveric Biosciences (ENVB) ownership with warrants cap
Rhea-AI Filing Summary
Enveric Biosciences, Inc. received a Schedule 13G reporting a new significant passive holder. Lind Global Fund III LP, together with Lind Global Partners III LLC and Jeff Easton, reports beneficial ownership of 141,265 shares of common stock, equal to
The position consists of 79,366 common shares plus 79,366 Series G warrants and 79,366 Series H warrants, all subject to a 9.99% beneficial ownership limitation that caps how many warrant shares can be converted at any time. The reporting persons certify the holdings are not for the purpose of changing or influencing control of Enveric.
Positive
- None.
Negative
- None.
Insights
Lind Global and Jeff Easton report a capped 9.99% passive stake in Enveric Biosciences.
The filing shows Lind Global Fund III LP, its general partner Lind Global Partners III LLC, and managing member Jeff Easton jointly reporting 141,265 Enveric Biosciences common shares, representing
The stake includes 79,366 common shares plus Series G and Series H warrants for additional shares, all subject to a 9.99% beneficial ownership cap. This provision means warrant exercises cannot push their ownership above that threshold at any time, which limits immediate voting power and potential influence.
The reporting persons use a Schedule 13G and expressly certify the securities are not held to change or influence control of Enveric. This aligns the disclosure with a passive investment posture, though future filings would be required if their ownership or intent changes materially.