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ImageneBio, Inc. (IMA): BVF group discloses 9.99% stake and large warrants

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

ImageneBio, Inc. is reported to have a significant shareholder group led by Biotechnology Value Fund entities and Mark N. Lampert. As of the close of business on June 30, 2026, these reporting persons collectively may be deemed to beneficially own 1,128,647 shares of ImageneBio common stock, or approximately 9.99% of the outstanding shares, including shares held in a managed account.

The group also holds pre-funded warrants exercisable for an aggregate of 528,947 shares at an exercise price of $0.001 per share. These warrants are exercisable at any time and do not expire, but a 9.99% beneficial ownership blocker currently limits exercise to 18,645 of those shares. The ownership percentages are based on 11,279,130 shares outstanding as of June 30, 2026, plus the exercisable warrant shares.

Positive

  • None.

Negative

  • None.
Collective beneficial ownership 1,128,647 shares Shares that BVF entities and a managed account may be deemed to beneficially own as of June 30, 2026
Ownership percentage 9.99% Approximate percentage of ImageneBio common stock beneficially owned by BVF group, Partners, BVF Inc. and Mark N. Lampert
Shares outstanding 11,279,130 shares ImageneBio common shares outstanding as of June 30, 2026
Pre-funded warrants underlying shares 528,947 shares Aggregate shares of ImageneBio common stock underlying pre-funded warrants held by reporting persons and a managed account
Warrant exercise price $0.001 per share Exercise price of the pre-funded warrants for ImageneBio common stock
Exercisable warrant shares under blocker 18,645 shares Portion of the 528,947 warrant shares currently exercisable due to the 9.99% ownership blocker
BVF L.P. beneficial ownership 611,834 shares Shares beneficially owned by Biotechnology Value Fund, L.P., including some warrant shares and excluding others
BVF II L.P. beneficial ownership 433,269 shares Shares beneficially owned by Biotechnology Value Fund II, L.P.
Pre-Funded Warrants financial
"held pre-funded warrants (the "Pre-Funded Warrants") exercisable for an aggregate of 528,947 shares"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Pre-Funded Warrants Blocker financial
"would exceed 9.99% (the "Pre-Funded Warrants Blocker"). As of the close"
beneficially owned financial
"BVF beneficially owned 611,834 Shares, including 18,645 Shares underlying certain"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
investment manager financial
"Partners, as the investment manager of BVF, BVF2 and Trading Fund OS"
dispositive power financial
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 611,834.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

What percentage of ImageneBio, Inc. (IMA) is held by the BVF reporting group?

The BVF reporting group may be deemed to beneficially own 1,128,647 shares of ImageneBio, Inc., representing approximately 9.99% of the outstanding common stock. This includes shares held across several BVF funds and a managed account.

How many ImageneBio (IMA) shares are outstanding according to this Schedule 13G/A?

The filing states that there were 11,279,130 shares of ImageneBio common stock outstanding as of June 30, 2026. Ownership percentages for the BVF entities are calculated using this share count plus certain exercisable warrant shares.

What pre-funded warrants in ImageneBio (IMA) does the BVF group hold?

The reporting persons and a managed account hold pre-funded warrants exercisable for an aggregate of 528,947 shares of ImageneBio common stock at an exercise price of $0.001 per share. These warrants are exercisable at any time and do not expire until fully exercised.

What is the 9.99% blocker on ImageneBio (IMA) pre-funded warrants held by BVF?

The pre-funded warrants include a 9.99% beneficial ownership blocker, preventing exercise if it would push the holder above 9.99% ownership. As of June 30, 2026, this limits exercise to 18,645 of the 528,947 underlying shares held by the reporting group.

How many ImageneBio (IMA) shares does Biotechnology Value Fund, L.P. specifically report?

Biotechnology Value Fund, L.P. beneficially owned 611,834 shares of ImageneBio as of June 30, 2026, including 18,645 shares underlying certain pre-funded warrants and excluding 257,441 warrant shares that are not currently exercisable due to the ownership blocker.

What is Mark N. Lampert’s reported beneficial ownership in ImageneBio (IMA)?

Mark N. Lampert may be deemed to beneficially own 1,128,647 shares of ImageneBio common stock, or approximately 9.99% of the outstanding shares, through his role as a director and officer of BVF Inc., subject to the disclaimer of beneficial ownership included in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





45175G207

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





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SCHEDULE 13G



BIOTECHNOLOGY VALUE FUND L P
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF I GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BIOTECHNOLOGY VALUE FUND II LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF II GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
Biotechnology Value Trading Fund OS LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF Partners OS Ltd.
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF GP HOLDINGS LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF PARTNERS L P/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF INC/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
LAMPERT MARK N
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert
Date:08/14/2026