Schedule 13G: Alyeska reports 2.58% warrant position in IN8BIO
Rhea-AI Filing Summary
Alyeska Investment Group and related filers report beneficial ownership of warrants to purchase 89,021 shares of IN8BIO, Inc. common stock, representing 2.58% of the outstanding shares on the stated calculation basis of 3,444,234 shares. The filing shows shared voting and shared dispositive power over the 89,021 warrants, with no sole voting or dispositive power reported. The reporting persons state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing is a joint statement by Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh, each acknowledging joint filing responsibilities.
Positive
- Disclosure of warrants totaling 89,021 shares provides transparency into Alyeska's potential economic exposure to IN8BIO
- Position is below 5% (2.58%), indicating a non-controlling interest under current calculations
- Filing certifies holdings are in the ordinary course and not intended to change control, reducing immediate governance concerns
Negative
- None.
Insights
TL;DR: Alyeska holds warrants equal to 2.58% of IN8BIO on a basic share count; stake is non-control and held in ordinary course.
The filing discloses warrants to purchase 89,021 shares, calculated as 2.58% of 3,444,234 common shares outstanding per the issuer reference. Because the position is held as warrants rather than currently outstanding shares, immediate voting dilution or ownership effects are contingent on exercise. Shared voting and dispositive power indicate the position is managed jointly through the Alyeska entities and an individual filer. The certification that the stake was not acquired to influence control reduces governance risk but does not preclude future changes if warrants are exercised.
TL;DR: This is a routine Schedule 13G joint filing showing a non-control derivative position with shared authority among filers.
The document is a joint Schedule 13G amendment identifying ownership via warrants, not direct share ownership, and reports shared voting/dispositive authority for 89,021 warrants. The joint filing statement and certifications are standard for institutional and affiliated filers. Material governance implications are limited because the filing represents less than 5% and the filers assert no intent to influence control; however, exercise of warrants could alter the economic position and should be tracked against future disclosures.