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Wellington holds 9.99% of ProMIS Neurosciences (NASDAQ: PMN) via shares and warrants

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

Rhea-AI Filing Summary

ProMIS Neurosciences reports that Wellington Biomedical Innovation Master Investors (Cayman) II, L.P. beneficially owns 895,877 shares of Common Stock, representing 9.99% of the outstanding common shares.

That 895,877 figure comprises 696,378 shares held directly and 199,499 shares issuable upon warrants; an issuance limitation on certain warrants prevents exercise that would result in ownership above 9.99%. The filing bases percentages on approximately 8,967,740 shares outstanding, reflecting a one-for-twenty-five reverse split effective November 28, 2025 and shares reported as issued as of February 3, 2026.

Positive

  • None.

Negative

  • None.

Insights

Wellington holds a near-10% passive position via direct shares and warrant exposure.

Wellington Biomedical Innovation Master Investors (Cayman) II, L.P. beneficially owns 895,877 shares, split between 696,378 directly held shares and 199,499 shares underlying warrants. The filing states an issuance limitation that caps exercise to avoid exceeding 9.99%.

Cash-flow treatment and sale intentions are not disclosed in the excerpt; subsequent filings would show any trading or disposition activity.

The position is disclosed with explicit ownership limits tied to warrant exercise mechanics.

The filing explains that 496,879 warrant shares are excluded from beneficial ownership due to an issuance limitation that prevents exercises that would push ownership over 9.99%. This is a contractual cap described verbatim in the filing.

Regulatory or governance consequences are not stated here; the ownership percentage and the warrant limitation are the primary governance-relevant facts disclosed.






74346M505

(CUSIP Number)
03/11/2026

(Date of Event Which Requires Filing of this Statement)


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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



Wellington Biomedical Innovation Master Investors (Cayman) II, L.P.
Signature:Ihsan Speede
Name/Title:Authorized Person
Date:03/18/2026

Comments accompanying signature: Wellington Alternative Investments LLC; Its General Partner Signature: Ihsan Speede Name/Title: Authorized Person Date: 03/18/2026

FAQ

What stake does Wellington hold in ProMIS Neurosciences (PMN)?

Wellington beneficially owns 895,877 shares, equal to 9.99% of the common stock. This total includes 696,378 directly held shares and 199,499 shares issuable upon warrants as stated in the filing.

How is the 9.99% ownership calculated for PMN?

The percentage uses approximately 8,967,740 shares outstanding. That figure reflects a one-for-twenty-five reverse split effective November 28, 2025 and shares reported as issued as of February 3, 2026, per the filing.

Do the warrants owned by Wellington automatically increase its stake above 9.99%?

No. The filing states certain warrants contain an issuance limitation that prohibits exercise to the extent it would result in ownership above 9.99%, limiting immediate dilution from those warrants.

How many shares does Wellington hold directly versus via warrants?

Wellington holds 696,378 shares directly and has 199,499 shares underlying warrants reported in this filing, totaling 895,877 shares beneficially owned.

Does the filing disclose whether Wellington will sell or buy more PMN shares?

The filing does not disclose any purchase or sale intentions. It reports beneficial ownership of 895,877 shares and the warrant exercise limitation, without describing trading plans.
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