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
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series C Convertible Preferred Stock | 19,000 | $0.00 | -- |
| Conversion | Common Stock | 9,405,941 | $2.02 | $19.00M |
Footnotes (1)
- On January 20, 2026, 19,000 shares of the Issuer's Series C Convertible Preferred Stock, par value $0.01 per share (the "Series C Preferred Shares"), were converted into 9,405,941 shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"). The Series C Preferred Shares were convertible into a number of shares of Common Stock equal to the initial stated value per Series C Share of $1,000 divided by the initial conversion price of $2.02 per shares and then multiplied by the number of Series C Preferred Shares to be converted. These securities are held of record by 1315 Capital II, L.P. (the "Investor"). 1315 Capital GP II, L.P. ("1315 Capital GP") is the general partner of the Investor and 1315 Capital Ultimate Holdings, LLC ("1315 Capital Ultimate") is the general partner of 1315 Capital GP. By virtue of such relationship, each of 1315 Capital GP and 1315 Capital Ultimate may be deemed to have voting and investment power with respect to the securities held by the Investor noted above and as a result may be deemed to have beneficial ownership over such securities. Each of 1315 Capital GP and 1315 Capital Ultimate disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose. The Series C Convertible Preferred Stock had no expiration date.