Armistice Capital (MGNX) discloses 6.32M shares, 9.99% stake via Master Fund
Rhea-AI Filing Summary
Armistice Capital and Steven Boyd reported beneficial ownership of 6,324,000 shares of MACROGENICS INC, representing 9.99% of the outstanding common stock as of 12/31/2025. The filing states Armistice Capital, LLC is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and that Armistice Capital exercises shared voting and dispositive power over those securities under an Investment Management Agreement. Steven Boyd, as managing member of Armistice Capital, is disclosed as potentially deemed to beneficially own the shares. The Master Fund is identified as the party with the economic right to dividends and sale proceeds.
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Insights
Armistice holds a near-10% stake through a managed fund with shared voting/dispositive power.
Armistice Capital, LLC is disclosed as the investment manager of Armistice Capital Master Fund Ltd., which directly holds 6,324,000 shares equaling 9.99% of common stock as of 12/31/2025. The filing attributes shared voting and dispositive power to Armistice Capital under an Investment Management Agreement.
Mr. Boyd is named as managing member and may be deemed to beneficially own the reported shares. The excerpt states the Master Fund has the right to receive dividends and sale proceeds. Future holder actions will determine any market activity; timing and planned transactions are not provided in the excerpt.
Disclosure clarifies manager–fund relationship and a specific ownership percentage, limiting ambiguity about economic versus managerial rights.
The statement explains the Master Fund is the direct holder while Armistice Capital ‘‘exercises voting and investment power’’ per the Investment Management Agreement; the Master Fund disclaims beneficial ownership arising solely from that agreement. The form lists 0 sole voting and dispositive power and 6,324,000 shared voting and dispositive power.
These allocations matter for governance signaling and Section 13 reporting; the filing does not state any intended change in holdings or sale plans. Subsequent amendments or Forms 4/13D would disclose transactions if they occur.