Deep Track Capital reports 9.99% ProMIS Neurosciences (PMN) ownership cap
Rhea-AI Filing Summary
ProMIS Neurosciences Inc. received a Schedule 13G filing showing that Deep Track Capital and related entities beneficially own 902,561 common shares, representing 9.99% of the company’s common stock as of February 6, 2026.
The filing explains that this percentage is calculated using 9,034,646 common shares, combining 2,152,444 shares outstanding as of November 12, 2025, 6,815,296 shares issued on January 30, 2026, and 66,906 shares that could be converted up to a 9.99% maximum ownership cap.
The beneficial ownership includes 835,655 warrants that are exercisable into common shares but are subject to a 9.99% “Maximum Percentage” limitation, so exercises cannot push Deep Track’s collective holdings above that threshold.
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Insights
Deep Track Capital discloses a capped 9.99% stake in ProMIS.
The Schedule 13G shows Deep Track Capital and affiliates holding 902,561 ProMIS common shares, or 9.99% of the class, as of February 6, 2026. This includes positions held through Deep Track Biotechnology Master Fund and Deep Track Special Opportunities Fund.
Ownership is calculated over 9,034,646 shares, combining shares outstanding from a November 12, 2025 10-Q, additional shares issued in an January 30, 2026 8-K, and 66,906 shares potentially convertible within a 9.99% cap. The filing states the securities are not held to change or influence control.
A key structural feature is 835,655 warrants that are exercisable into common stock but constrained by a 9.99% “Maximum Percentage” clause. This means warrant exercises cannot increase Deep Track’s beneficial ownership above 9.99%, so actual future ownership levels will depend on share count changes and any warrant exercises within that cap.
FAQ
What stake does Deep Track Capital report in ProMIS Neurosciences (PMN)?
Deep Track Capital and related entities report beneficial ownership of 902,561 ProMIS common shares, equal to 9.99% of the outstanding common stock as of February 6, 2026. This makes Deep Track a significant institutional holder under SEC reporting rules.
How was the 9.99% ownership in ProMIS Neurosciences (PMN) calculated?
The 9.99% figure is based on 9,034,646 common shares, combining 2,152,444 shares outstanding on November 12, 2025, 6,815,296 shares issued on January 30, 2026, and 66,906 shares potentially convertible within the maximum ownership limit described in the filing.
What warrants does Deep Track hold in ProMIS Neurosciences (PMN)?
Deep Track Capital LP and David Kroin may be deemed beneficial owners of 835,655 warrants exercisable into common shares. These warrants, along with 835,655 common shares, are subject to a 9.99% Maximum Percentage exercise limitation that restricts post-exercise ownership.
How is ownership split among Deep Track entities in ProMIS Neurosciences (PMN)?
Deep Track Biotechnology Master Fund Ltd beneficially owns 651,310 common shares and 651,310 warrants, while Deep Track Special Opportunities Fund LP holds 184,345 common shares and 184,345 warrants. Deep Track Capital LP and David Kroin are deemed beneficial owners of the combined positions.
Does Deep Track aim to influence control of ProMIS Neurosciences (PMN)?
The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of ProMIS. They are also not held in connection with any control-related transaction, other than activities tied to a nomination under Rule 240.14a-11.
What is the 9.99% Maximum Percentage mentioned in the ProMIS (PMN) filing?
The filing describes a 9.99% Maximum Percentage limit on warrant exercises. The issuer will not effect any warrant exercise that would cause the holder collectively to beneficially own more than 9.99% of ProMIS common shares immediately after such exercise.