Form 4: 1315 Capital II, reports acquisition/exercise transactions in IDXG
Rhea-AI Filing Summary
1315 Capital II, L.P. reported acquisition or exercise transactions in a Form 4 filing for IDXG. The filing lists transactions totaling 9,424,941 shares at a weighted average price of $2.02 per share. Following the reported transactions, holdings were 9,405,941 shares.
Positive
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Negative
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Insights
Large preferred-to-common conversion increases reported common holdings without new cash.
1315 Capital II, L.P., a 10% owner of Interpace Biosciences, converted 19,000 shares of Series C Convertible Preferred Stock into 9,405,941 common shares at a $2.02 conversion price. This shifts its position from preferred to common equity via a non-cash derivative conversion.
The filing shows 9,405,941 common shares held directly after the transaction and no remaining Series C Preferred Stock for this holder. The partnership’s general partner entities may be deemed to share voting and investment power, but they expressly disclaim beneficial ownership beyond any pecuniary interest.
Because this is a conversion rather than an open-market trade, it primarily affects the holder’s security mix rather than signaling a clear buy or sell decision. Future company filings may provide additional context on overall share count and how this conversion fits into the broader capital structure.