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Trails Edge discloses 9.9% ProMIS Neurosciences (PMN) ownership stake

Filing Impact
(Neutral)
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(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

ProMIS Neurosciences Inc. disclosed that investment entities affiliated with Trails Edge Capital Partners and Ortav Yehudai have filed a Schedule 13G reporting a 9.9% beneficial stake in its common shares as of February 3, 2026.

The filing shows beneficial ownership of 933,477 shares, consisting of 557,103 common shares and 376,374 shares underlying warrants, held through Trails Edge Biotechnology Master Fund. An additional 180,729 warrant shares are excluded due to a 9.99% ownership cap. Ownership percentages are based on 8,967,740 ProMIS common shares outstanding. The filers certify the holdings are not for changing or influencing control.

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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for additional information.


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for additional information.


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4 for additional information.


SCHEDULE 13G



Trails Edge Capital Partners, LP
Signature:/s/ Trails Edge Capital Partners, LLC, GP of Trails Edge Capital Partners, LP /s/ Ortav Yehudai
Name/Title:Ortav Yehudai / Chief Investment Officer of Trails Edge Capital Partners, LLC
Date:02/10/2026
Trails Edge Biotechnology Master Fund, LP
Signature:/s/ Trails Edge GP, LLC, GP of Trails Edge Biotechnology Fund GP, LP, GP of Trails Edge Biotechnology Master Fund, LP /s/ Ortav Yehudai
Name/Title:Ortav Yehudai / Chief Investment Officer of Trails Edge GP, LLC
Date:02/10/2026
Ortav Yehudai
Signature:/s/ Ortav Yehudai
Name/Title:Ortav Yehudai / Individual
Date:02/10/2026
Exhibit Information

Exhibit 1- Joint Filing Agreement

FAQ

How many ProMIS Neurosciences (PMN) shares does Trails Edge report owning?

Trails Edge-associated filers report beneficial ownership of 933,477 ProMIS Neurosciences common shares. This total includes both common stock and warrant shares and reflects their economic and voting power in the company as of February 3, 2026, based on issuer-reported share counts.

What percentage of ProMIS Neurosciences (PMN) does the 933,477 shares represent?

The filers state that 933,477 shares represent 9.9% of ProMIS Neurosciences’ outstanding common shares. This percentage is calculated using 8,967,740 shares outstanding, combining earlier outstanding shares and additional shares reported issued as of February 3, 2026.

How is Trails Edge’s ProMIS Neurosciences (PMN) stake split between common shares and warrants?

The reported beneficial ownership includes 557,103 ProMIS common shares held directly and 376,374 shares underlying warrants. All are held through Trails Edge Biotechnology Master Fund, with investment authority attributed to Trails Edge Capital Partners and its Chief Investment Officer, Ortav Yehudai.

What additional ProMIS Neurosciences (PMN) warrants are excluded from Trails Edge’s beneficial ownership?

The filers exclude 180,729 ProMIS common shares underlying additional warrants. These warrants contain an issuance limitation preventing exercises that would push the filers’ beneficial ownership above 9.99% of outstanding shares immediately after warrant exercise, limiting further reportable ownership.

Why does Trails Edge’s ProMIS Neurosciences (PMN) filing mention a 9.99% ownership cap?

The warrants include a 9.99% beneficial ownership limitation, so they cannot be exercised if doing so would raise the filers’ stake above that threshold. This cap explains why 180,729 warrant shares are excluded and why the reported ownership remains at 9.9%.

What is Trails Edge Capital’s role in managing the ProMIS Neurosciences (PMN) position?

Trails Edge Capital Partners is described as the investment manager to Trails Edge Biotechnology Master Fund, which directly holds the ProMIS securities. Chief Investment Officer Ortav Yehudai is said to exercise voting and investment discretion, so each filer may be deemed to beneficially own the same 9.9% stake.

What intent regarding control of ProMIS Neurosciences (PMN) do the filers state?

The filers certify the securities were not acquired and are not held for changing or influencing control of ProMIS Neurosciences. They also state the holdings are not in connection with any control-related transaction, other than activities solely related to a nomination under the specified proxy rule.
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