JATT III Acquisition: Great Point’s 5.83% stake
Rhea-AI Filing Summary
JATT III Acquisition Corp (JTTT) reports that Great Point Partners, LLC, together with Dr. Jeffrey R. Jay, M.D. and Ms. Lillian Nordahl, beneficially own 450,000 shares of its common stock, representing 5.83% of the class, based on 7,725,000 shares outstanding as of August 26, 2026.
The 450,000 shares are held through Biomedical Value Fund, L.P. (297,000 shares) and Biomedical Offshore Value Fund, Ltd. (153,000 shares). Great Point, Dr. Jay and Ms. Nordahl share voting and dispositive power over these shares and each disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 450,000 shares
Ownership percentage: 5.83%
Shares outstanding: 7,725,000 shares
+4 more
7 metrics
Beneficially owned shares
450,000 shares
Common stock of JATT III Acquisition Corp reported as beneficially owned by the group
Ownership percentage
5.83%
Percentage of JATT III Acquisition Corp common stock class beneficially owned
Shares outstanding
7,725,000 shares
Total JATT III Acquisition Corp common shares outstanding used to calculate ownership percentage as of August 26, 2026
Biomedical Value Fund holdings
297,000 shares
Common shares of JATT III Acquisition Corp held by Biomedical Value Fund, L.P.
Biomedical Offshore Value Fund holdings
153,000 shares
Common shares of JATT III Acquisition Corp held by Biomedical Offshore Value Fund, Ltd.
Shared voting power
450,000 shares
Shares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power
450,000 shares
Shares over which the reporting persons have shared power to dispose or direct disposition
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G, +2 more
6 terms
beneficial owner financial
"may be deemed to be the beneficial owner of the BVF Shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13G regulatory
"individually eligible to use the to which this Exhibit is attached"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Rule 13d-1(k) regulatory
"file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1)"
pecuniary interests financial
"disclaim beneficial ownership of the BVF Shares and the BOVF Shares, except to the extent of their respective pecuniary interests"
FAQ
What ownership stake in JTTT does Great Point Partners report on this Schedule 13G?
Great Point Partners and associated reporting persons report beneficial ownership of 450,000 JTTT common shares, representing 5.83% of the class, based on 7,725,000 shares outstanding as reported as of August 26, 2026.
What is the purpose of the joint filing agreement mentioned for JTTT?
The report states that the reporting persons entered into a Joint Filing Agreement under Rule 13d-1(k), agreeing to file the ownership statement jointly. Each is responsible for their own information, but not for the accuracy of the others’ information absent knowledge of inaccuracy.
AI-generated analysis. How Rhea-AI works. Not financial advice.