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[SCHEDULE 13D/A] NewAmsterdam Pharma Company N.V. Warrant SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Amendment No. 5 to a Schedule 13D reports the current beneficial ownership by a group of Frazier Life Sciences entities in NewAmsterdam Pharma Company N.V. (Ordinary Shares, EUR0.12 par). Together the reporting persons beneficially own 7,327,937 shares (6.5% of the class), which the filing explains consists of 6,827,604 ordinary shares and 500,333 ordinary shares issuable upon exercise of warrants. Key individual holdings disclosed include Sponsor: 3,801,000 shares plus 167,000 warrants; Frazier Life Sciences Public Fund, L.P.: 5,587,957 shares; Frazier Life Sciences Public Overage Fund, L.P.: 2,975,757 shares; Frazier Life Sciences XI, L.P.: 1,174,815 shares; and Frazier Life Sciences XII, L.P.: 59,647 shares. The filing states that working capital funded certain purchases and corrects prior attributions of beneficial ownership for some investment committee members. It also notes no transactions by the reporting persons in the past 60 days except as listed in Exhibit 10.1.

Positive
  • Clarifies ownership by correcting prior attributions and removing overstatements of beneficial ownership for certain committee members
  • Transparent funding disclosure stating working capital funded purchases rather than borrowed financing
  • Detailed breakdown of shares and warrants across multiple Frazier entities, enabling precise ownership calculations
Negative
  • None.

Insights

TL;DR: Frazier group holds a modest, non-controlling ~6.5% stake including warrants; disclosure clarifies attribution and funding.

The Schedule 13D/A consolidates and clarifies multiple Frazier entities' positions in NAMSW, documenting both outright shares and shares issuable on warrants. The aggregate position of 7.33 million shares (6.5%) is below typical activist/control thresholds, indicating influence but not control. The disclosure that working capital funded acquisitions removes leverage-related financing concerns for the reported purchases. Corrections to prior attributions reduce governance ambiguity about who is treated as beneficial owner, improving the accuracy of ownership metrics used by investors and regulators.

TL;DR: Filing improves transparency by correcting prior ownership attributions and clarifying decision-making structures.

The amendment details fund/committee structures and clarifies that certain investment committee members are not attributed beneficial ownership, which corrects earlier overstatements. That reduces potential confusion over voting blocs and control calculations. The ownership remains dispersed below control thresholds, and the filing expressly states no persons other than the reporting group have rights to dividends or sale proceeds for these holdings, which is important for assessing governance and voting dynamics.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount represents (i) 6,827,604 Ordinary Shares and (ii) 500,333 Ordinary Shares that are issuable upon the exercise of warrants, each to acquire one Ordinary Share ("Warrants"). The Percent of Class is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 500,333 Ordinary Shares issuable upon the exercise of Warrants.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount consists of (i) 3,801,000 Ordinary Shares and (ii) 167,000 Ordinary Shares that are issuable upon the exercise of Warrants. The Percent of Class listed in row 13 is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 167,000 Ordinary Shares that are issuable upon the exercise of Warrants.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount represents (i) 6,827,604 Ordinary Shares and (ii) 500,333 167,000 Ordinary Shares that are issuable upon the exercise of warrants, each to acquire one Ordinary Share ("Warrants"). The Percent of Class is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 500,333 Ordinary Shares issuable upon the exercise of Warrants.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount represents (i) 6,827,604 Ordinary Shares and (ii) 500,333 167,000 Ordinary Shares that are issuable upon the exercise of warrants, each to acquire one Ordinary Share ("Warrants"). The Percent of Class is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 500,333 Ordinary Shares issuable upon the exercise of Warrants.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Percent of Class is calculated based on 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount represents (i) 6,827,604 Ordinary Shares and (ii) 500,333 Ordinary Shares that are issuable upon the exercise of warrants, each to acquire one Ordinary Share ("Warrants"). The Percent of Class is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 500,333 Ordinary Shares issuable upon the exercise of Warrants.


SCHEDULE 13D




Comment for Type of Reporting Person:
The Aggregate Amount represents (i) 6,827,604 Ordinary Shares and (ii) 500,333 Ordinary Shares that are issuable upon the exercise of warrants, each to acquire one Ordinary Share ("Warrants"). The Percent of Class is calculated based on (i) 112,628,458 shares Ordinary Shares that were outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on August 6, 2025, as increased by (ii) 500,333 Ordinary Shares issuable upon the exercise of Warrants.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Frazier Life Sciences X, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P., GP of Frazier Life Sciences X, L.P.
Date:08/20/2025
Frazier Lifesciences Sponsor LLC
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P., GP of Frazier Life Sciences X, L.P., Sole Member of Frazier Lifesciences Sponsor LLC
Date:08/20/2025
FHMLS X, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P.
Date:08/20/2025
FHMLS X, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C.
Date:08/20/2025
Frazier Life Sciences Public Fund, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:Steve R. Bailey, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P., GP of Frazier Life Sciences Public Fund, L.P.
Date:08/20/2025
FHMLSP, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:Steve R. Bailey, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P.
Date:08/20/2025
FHMLSP, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP, L.L.C.
Date:08/20/2025
Frazier Life Sciences Public Overage Fund, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C., GP of FHMLSP Overage, L.P., GP of Frazier Life Sciences Public Overage Fund, L.P.
Date:08/20/2025
FHMLSP Overage, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C., GP of FHMLSP Overage, L.P.
Date:08/20/2025
FHMLSP Overage, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C.
Date:08/20/2025
Frazier Life Sciences XI, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P., GP of Frazier Life Sciences XI, L.P.
Date:08/20/2025
FHMLS XI, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P.
Date:08/20/2025
FHMLS XI, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C.
Date:08/20/2025
Frazier Life Sciences XII, L.P.
Signature:/s/ Gordon Empey
Name/Title:By Gordon Empey, General Counsel of FHMLS XII, L.L.C., GP of FHMLS XII, L.P., GP of Frazier Life Sciences XII, L.P.
Date:08/20/2025
FHMLS XII, L.P.
Signature:/s/ Gordon Empey
Name/Title:By Gordon Empey, General Counsel of FHMLS XII, L.L.C., GP of FHMLS XII, L.P.
Date:08/20/2025
FHMLS XII, L.L.C.
Signature:/s/ Gordon Empey
Name/Title:By Gordon Empey, General Counsel of FHMLS XII, L.L.C.
Date:08/20/2025
James N. Topper
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for James N. Topper, pursuant to a Power of Attorney, a copy of which was filed with the SEC on July 31, 2017
Date:08/20/2025
Patrick J. Heron
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Patrick J. Heron, pursuant to a Power of Attorney, a copy of which was filed with the SEC on July 31, 2017
Date:08/20/2025
Albert Cha
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Albert Cha, pursuant to a Power of Attorney, a copy of which was filed with the SEC on August 16, 2021
Date:08/20/2025
James Brush
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for James Brush, pursuant to a Power of Attorney, a copy of which was filed with the SEC on August 16, 2021
Date:08/20/2025
Daniel Estes
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Daniel Estes, pursuant to a Power of Attorney, a copy of which was filed with the SEC on April 18, 2022
Date:08/20/2025

FAQ

What stake does Frazier report in NewAmsterdam Pharma (NAMSW)?

The reporting persons beneficially own 7,327,937 shares, equal to 6.5% of the class including 500,333 shares issuable upon exercise of warrants.

How is the 6.5% ownership calculated?

The percent is calculated using 112,628,458 shares outstanding as of July 31, 2025 plus the 500,333 shares issuable on the reported warrants.

Which Frazier entities hold the largest positions?

Key holdings include: Sponsor 3,801,000 shares plus 167,000 warrants; Frazier Life Sciences Public Fund, L.P. 5,587,957 shares; and combined group aggregate 7,327,937 shares.

What was the source of funds for the purchases?

The filing states the source of funds for the reported purchases was the working capital of the relevant Frazier entities.

Did the reporting persons trade NAMSW shares in the past 60 days?

Except as set forth on Exhibit 10.1, the filing states none of the Reporting Persons effected transactions

Does anyone else have rights to dividends or sale proceeds for these shares?

The filing states no other person is known
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