Deep Track Discloses 2.96% Ownership in Korro Bio — 277,966 Shares
Rhea-AI Filing Summary
Korro Bio, Inc. Schedule 13G/A shows Deep Track Capital, Deep Track Biotechnology Master Fund, Ltd., and David Kroin jointly report beneficial ownership of 277,966 common shares, equal to 2.96% of the company's outstanding common stock. The filers report no sole voting or dispositive power and shared voting and dispositive power for the full amount, and include a certification that the shares were not acquired to change or influence control. The percentage is calculated using 9,390,492 shares outstanding as referenced in the issuer's disclosure.
Positive
- Transparent disclosure of beneficial ownership: 277,966 shares disclosed with explicit percentage (2.96%).
- Passive filing under Schedule 13G with certification that shares were not acquired to influence control, which clarifies intent.
Negative
- None.
Insights
TL;DR: Deep Track reports a 2.96% passive stake (277,966 shares); this is a routine disclosure with limited immediate market impact.
The Schedule 13G/A format and the included certification signal a passive investment posture rather than an activist intent. The stake size is below 5% and the filing shows shared voting and dispositive power only, which typically means no unilateral control. Investors should view this as a transparency filing rather than a change in corporate control or strategy.
TL;DR: Joint filing clarifies ownership and responsibilities among reporting persons; certification reduces takeover or control concerns.
The joint filing statement assigns responsibility for timely and accurate amendments to the reporting group while limiting each party's liability for others' information except where knowledge exists. The explicit statement that the shares were not acquired to influence control reinforces the passive classification under Rule 13d-1, making this disclosure governance-related but not a governance risk trigger.