Forte Biosciences (FBRX) investor Glazer Capital now holds 1.46% stake
Rhea-AI Filing Summary
Glazer Capital, LLC and Paul J. Glazer report their ownership position in Forte Biosciences, Inc. common stock on a Schedule 13G. They report beneficial ownership of 300,000 shares of common stock, representing 1.46% of the outstanding class.
The reporting persons have no sole voting or dispositive power over these shares, but report shared voting and shared dispositive power over 300,000 shares held by certain funds and managed accounts for which Glazer Capital acts as investment manager. They state that, as of this report, they have ceased to be beneficial owners of more than five percent of the class of Forte Biosciences common stock.
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Key Figures
Shares beneficially owned: 300,000 shares
Percent of class: 1.46%
Shared voting power: 300,000 shares
+1 more
4 metrics
Shares beneficially owned
300,000 shares
Common stock beneficially owned by the reporting persons
Percent of class
1.46%
Percentage of Forte Biosciences common stock class owned
Shared voting power
300,000 shares
Shares over which the reporting persons share voting power
Shared dispositive power
300,000 shares
Shares over which the reporting persons share dispositive power
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G
4 terms
beneficial owner regulatory
"ceased to be the beneficial owner of more than five percent of the class"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13G regulatory
"filed on a Schedule 13G"
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 stake in Forte Biosciences (FBRX) does Glazer Capital report?
Glazer Capital and Paul J. Glazer report beneficial ownership of 300,000 shares of Forte Biosciences common stock, representing 1.46% of the outstanding class, held through certain funds and managed accounts.
Does Glazer Capital still own more than 5% of Forte Biosciences (FBRX)?
No. The reporting persons state that, as of this filing, they have ceased to be the beneficial owner of more than five percent of Forte Biosciences’ common stock, and now report a 1.46% stake.
Who are the reporting persons on this Forte Biosciences (FBRX) Schedule 13G?
The Schedule 13G is filed by Glazer Capital, LLC, a Delaware limited liability company, and Paul J. Glazer, a United States citizen and the Managing Member of Glazer Capital, regarding shares held by certain Glazer-managed funds.
Where are Glazer Capital and Paul J. Glazer based according to the Forte Biosciences (FBRX) filing?
The business address for each reporting person is listed as 250 West 55th Street, Suite 30A, New York, New York 10019, while Forte Biosciences’ principal executive offices are in Dallas, Texas.
AI-generated analysis. How Rhea-AI works. Not financial advice.