[SCHEDULE 13G] NeuroOne Medical Technologies Corporation SEC Filing
Sio Capital Management, LLC reported beneficial ownership of 3,523,663 shares of NeuroOne Medical Technologies Corp common stock, equal to 7.07% of the outstanding shares (based on 49,817,835 shares outstanding as disclosed by the company). Sio holds shared voting and shared dispositive power over these shares and reports no sole voting or dispositive power.
The filing states Sio acts as a registered investment adviser to funds that are the record owners of the shares and includes a disclosure that the GP and Michael Castor may be deemed to control the voting and dispositive decisions, although such beneficial ownership is expressly disclaimed. The filing also certifies the securities are held in the ordinary course of business and not to influence control of the issuer.
- Material stake disclosed: Sio reports ownership of 3,523,663 shares, representing 7.07% of outstanding common stock.
- Clear voting/dispositive detail: Filing specifies shared voting and shared dispositive power, with no sole power.
- Passive intent certified: Item 10 certifies the securities are held in the ordinary course and not to influence control of the issuer.
- None.
Insights
TL;DR: Sio holds a material passive stake of 7.07% (3.52M shares) with shared voting/dispositive power, disclosed under Schedule 13G.
The position size—3,523,663 shares representing 7.07% of the company's common stock—crosses the 5% materiality threshold and is therefore reportable. The filing indicates Sio's role as an investment adviser to funds that are the record owners and shows shared voting and dispositive power rather than sole control. Item 10's certification characterizes the holdings as acquired and held in the ordinary course and not for the purpose of changing control, consistent with a passive Schedule 13G disclosure.
TL;DR: The disclosure highlights potential attribution via the GP and Michael Castor, with an explicit disclaimer of beneficial ownership.
The filing includes a footnote explaining Sio and Sio GP, LLC act as adviser and general partner to clients holding the reported shares, and notes that the GP and Michael Castor may be deemed to control voting and dispositive decisions; however, that potential attribution is expressly disclaimed. This dual statement is important for governance and attribution purposes: it notifies the market of possible control links while preserving the parties' formal disclaimers. The overall filing is a routine, material disclosure of a passive position.