[SCHEDULE 13G/A] Globus Maritime Limited SEC Filing
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 2,284,381 shares of Globus Maritime Ltd, representing 9.99% of the company's common stock. The Schedule 13G/A discloses that Armistice Capital, as investment manager of Armistice Capital Master Fund Ltd., and Mr. Boyd, as the managing member, hold shared voting and dispositive power over these shares and report no sole voting or dispositive power. The filing states the Master Fund is the direct holder and disclaims direct beneficial ownership due to the Investment Management Agreement, and includes a certification the shares are held in the ordinary course of business and not to change or influence control of the issuer.
- Transparent disclosure of beneficial ownership totaling 2,284,381 shares
- Clear allocation of voting and dispositive power as shared (no sole power)
- Certification included that holdings are in the ordinary course of business and not to change control
- Holding equals 9.99% of class, a material stake that is just below the 10% reporting/control threshold
- Beneficial ownership routed through Master Fund, with the Master Fund disclaiming direct beneficial ownership due to the Investment Management Agreement
Insights
TL;DR: Armistice and its manager disclose a near-10% passive stake in GLBS with shared control, signaling material but non-controlling ownership.
The Schedule 13G/A reports 2,284,381 shares (9.99%) beneficially owned via the Master Fund, with shared voting and dispositive power but no sole power. This filing is consistent with a passive investor disclosure and includes a formal certification that the holdings are not intended to change control. For investors, a sub-10% passive position is material enough to monitor for potential influence or future position changes, but the filing does not indicate active control or coordination beyond investment management arrangements.
TL;DR: The disclosure clarifies governance rights: shared voting/dispositive authority via an investment manager, not a control claim.
The report specifies shared voting and dispositive power of 2,284,381 shares and explicitly notes the Master Fund as the direct holder while disclaiming direct beneficial ownership due to the Investment Management Agreement. The included certification affirms ordinary-course holding and no intent to influence control. From a governance perspective, this establishes transparency about who exercises voting rights and the contractual basis for that authority, without asserting control over the issuer.