Armistice Capital reports 884,938 shares (4.99%) of Kairos Pharma
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 884,938 shares of Kairos Pharma, Ltd. common stock, representing 4.99% of the class. Armistice Capital is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and exercises shared voting and dispositive power over the securities under an Investment Management Agreement. Neither Armistice Capital nor Mr. Boyd claim sole voting or sole dispositive power; both report 0 sole and 884,938 shared voting and dispositive powers. The filing states the shares are held in the ordinary course of business and not acquired to influence control. The Schedule 13G/A is jointly filed and signed by Steven Boyd as Managing Member.
Positive
- Transparent disclosure of a 4.99% beneficial stake in Kairos Pharma, LTD.
- Clear delineation that the position is held by a Master Fund with voting and investment authority exercised by Armistice Capital under an Investment Management Agreement
- Filing classification as Schedule 13G/A indicates the holders report passive intent and certify ordinary-course holdings
Negative
- None.
Insights
TL;DR: Armistice Capital and its managing member disclose a passive 4.99% stake in KAPA, below the 5% reporting threshold for activist intent.
The filing shows the position is held by a managed master fund with Armistice Capital exercising shared voting and dispositive authority under an Investment Management Agreement. Reporting as a Schedule 13G (Amendment) indicates a passive intent rather than an active attempt to influence control. For investors, this documents a moderately sized institutional holder but does not signal an imminent governance change or proxy contest.
TL;DR: The joint Schedule 13G/A documents compliance and clarifies that the stake is managed, not controlled, by the reporting persons.
The disclosure clarifies that the Master Fund holds the shares while the adviser (Armistice) and its managing member (Steven Boyd) exercise voting and investment power. The Master Fund disclaims beneficial ownership due to the management agreement, which is a standard structure. The joint filing and certifications align with routine regulatory practice for passive investors near the 5% mark.