Estrella Immunopharma (ESLA): Armistice Capital discloses 4.99% ownership stake
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report a 4.99% beneficial ownership stake in Estrella Immunopharma, Inc. common stock. They report beneficial ownership of 2,051,409 shares of common stock with no sole voting or dispositive power and shared voting and dispositive power over all 2,051,409 shares. The shares are held directly by Armistice Capital Master Fund Ltd., for which Armistice Capital acts as investment manager under an Investment Management Agreement. Steven Boyd, as managing member of Armistice Capital, may also be deemed to beneficially own these securities. The Master Fund has the right to receive dividends and sale proceeds from the reported securities.
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Key Figures
Beneficially owned shares: 2,051,409 shares
Percent of class: 4.99%
Shared voting power: 2,051,409 shares
+1 more
4 metrics
Beneficially owned shares
2,051,409 shares
Common stock beneficially owned by Armistice Capital and Steven Boyd
Percent of class
4.99%
Percentage of Estrella Immunopharma common stock class beneficially owned
Shared voting power
2,051,409 shares
Shares over which there is shared power to vote or direct the vote
Shared dispositive power
2,051,409 shares
Shares over which there is shared power to dispose or direct disposition
Key Terms
beneficially own, shared voting power, shared dispositive power, Investment Management Agreement, +1 more
5 terms
beneficially own financial
"thus may be deemed to beneficially own the securities of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Investment Management Agreement financial
"pursuant to an Investment Management Agreement, Armistice Capital exercises voting"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
Schedule 13G regulatory
"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"
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.
FAQ
What ownership stake in ESLA does Armistice Capital report in this Schedule 13G/A?
Armistice Capital and Steven Boyd report beneficial ownership of 2,051,409 shares of Estrella Immunopharma (ESLA) common stock, representing 4.99% of the class, with shared voting and dispositive power over all of these shares.
Why does this Schedule 13G/A for ESLA state ownership of 5 percent or less?
The filing states a 4.99% ownership of Estrella Immunopharma’s common stock. This is explicitly characterized as ownership of 5 percent or less of the class, consistent with Schedule 13G reporting thresholds and Item 5 language.
AI-generated analysis. How Rhea-AI works. Not financial advice.