Prenetics Global (PRE) director lists indirect share and warrant holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Prenetics Global Ltd director Cheng Yin Pan has amended insider disclosures to detail indirect holdings through M13 Capital Management Holdings Limited, a British Virgin Islands company wholly owned by him. M13 holds 43,178 Class A Ordinary Shares, 48,816 underlying warrant shares and 15,873 restricted stock units.
The warrants were originally issued in connection with Prenetics’ initial business combination completed on May 18, 2022 and, after a 1-for-15 reverse stock split on November 14, 2023, are exercisable for 48,816 Class A shares at an exercise price of $133.65 per 1.29 shares, or an effective $103.60 per share. The 15,873 RSUs vest on May 17, 2026 and each represents the right to receive one Class A share, with settlement timing elected by Cheng Yin Pan under the company’s insider trading policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cheng Yin Pan, M13 Capital Management Holdings Ltd
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Class A Ordinary Share, par value $0.0015 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 15,873 shares (Indirect, By M13 Capital Management Holdings Limited);
Warrant — 48,816 shares (Indirect, By M13 Capital Management Holdings Limited);
Class A Ordinary Share, par value $0.0015 per share — 43,178 shares (Indirect, By M13 Capital Management Holdings Limited)
Footnotes (1)
- M13 Capital Management Holdings Limited is a British Virgin Islands company wholly owned by Cheng Yin Pan. Each of the 15,873 Restricted Stock Units ("RSUs"), granted under the Issuer's 2022 Share Incentive Plan, represents the contingent right to receive one Class A Ordinary Share. The RSUs vest in accordance with the following schedule, subject to continued service: May 17, 2026: 15,873 (15,873 Class A Ordinary Shares). M13 Capital Management Holdings Limited's vested RSUs are not automatically settled upon vesting. Settlement and delivery of Class A Ordinary Shares in respect of vested RSUs occurs at Cheng Yin Pan's election, in accordance with the Issuer's insider trading policy. M13 Capital Management Holdings Limited holds 567,626 warrants, each exercisable for 1.29 Class A Ordinary Shares at an exercise price of $133.65 per 1.29 Class A Ordinary Shares, which were issued in connection with the Issuer's initial business combination completed on May 18, 2022. Following the Issuer's 1-for-15 reverse stock split effected on November 14, 2023, the 567,626 warrants are exercisable for a total of 48,816 Class A Ordinary Shares. Exercise price of $133.65 per 1.29 Class A Ordinary Shares (or an effective price of $103.60 per Class A Ordinary Share), subject to adjustment pursuant to the terms of the Assignment, Assumption and Amendment Agreement, dated September 15, 2021, by and among Prenetics Global Limited, Artisan Acquisition Corp. and Continental Stock Transfer & Trust Company, and the Warrant Agreement, dated May 13, 2021, by and between Artisan Acquisition Corp. and Continental Stock Transfer & Trust Company.
Key Figures
Indirect Class A shares: 43,178 shares
Underlying warrant shares: 48,816 shares
Warrants held: 567,626 warrants
+5 more
8 metrics
Indirect Class A shares
43,178 shares
Class A Ordinary Shares held indirectly via M13
Underlying warrant shares
48,816 shares
Class A shares underlying warrants after reverse split
Warrants held
567,626 warrants
Each exercisable for 1.29 Class A shares
Warrant exercise price (per 1.29 shares)
$133.65
Exercise price per 1.29 Class A Ordinary Shares
Effective exercise price per share
$103.60
Effective price per single Class A Ordinary Share
Restricted Stock Units
15,873 RSUs
Each RSU represents one Class A share
RSU vesting date
May 17, 2026
Vesting schedule for 15,873 RSUs
Warrant expiration date
May 18, 2027
Expiration date of warrants held by M13
Key Terms
Restricted Stock Unit, reverse stock split, exercise price, initial business combination, +2 more
6 terms
Restricted Stock Unit financial
"Each of the 15,873 Restricted Stock Units ("RSUs"), granted under the Issuer's 2022 Share Incentive Plan, represents the contingent right to receive one Class A Ordinary Share."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
reverse stock split financial
"Following the Issuer's 1-for-15 reverse stock split effected on November 14, 2023, the 567,626 warrants are exercisable for a total of 48,816 Class A Ordinary Shares."
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
exercise price financial
"Exercise price of $133.65 per 1.29 Class A Ordinary Shares (or an effective price of $103.60 per Class A Ordinary Share), subject to adjustment pursuant to the terms of the Assignment, Assumption and Amendment Agreement."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
initial business combination financial
"which were issued in connection with the Issuer's initial business combination completed on May 18, 2022."
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
insider trading policy financial
"Settlement and delivery of Class A Ordinary Shares in respect of vested RSUs occurs at Cheng Yin Pan's election, in accordance with the Issuer's insider trading policy."
A written set of rules that tells employees, executives and board members what information they may not use to buy or sell a company's stock and when trading is allowed. Think of it as a playbook or house rules that prevent people with secret knowledge from getting an unfair advantage; it matters to investors because it helps protect fair markets, preserves trust in management, and reduces the risk of legal penalties that can hurt a company’s value.
FAQ
What insider holdings does Prenetics Global (PRE) director Cheng Yin Pan report?
Cheng Yin Pan reports indirect ownership through M13 Capital Management Holdings Limited of 43,178 Class A Ordinary Shares, 48,816 underlying warrant shares, and 15,873 restricted stock units (RSUs), all linked to Prenetics Global Ltd Class A Ordinary Shares.
How are M13 Capital’s Prenetics Global (PRE) warrants structured?
M13 Capital holds 567,626 warrants, each exercisable for 1.29 Class A Ordinary Shares at an exercise price of $133.65 per 1.29 shares, effectively $103.60 per share, resulting in rights over 48,816 Class A shares after a reverse split.
When do Cheng Yin Pan’s Prenetics Global (PRE) RSUs vest?
The filing states that 15,873 Restricted Stock Units granted under the 2022 Share Incentive Plan vest on May 17, 2026. Each RSU represents the contingent right to receive one Class A Ordinary Share in Prenetics Global Ltd, subject to continued service.
How and when are Prenetics Global (PRE) RSUs settled for Cheng Yin Pan?
The RSUs held by M13 Capital are not automatically settled upon vesting. Delivery of Class A Ordinary Shares for vested RSUs occurs at Cheng Yin Pan’s election, in accordance with Prenetics Global Ltd’s insider trading policy, giving flexibility on settlement timing.
What impact did Prenetics Global (PRE) reverse stock split have on these warrants?
Following a 1-for-15 reverse stock split effective November 14, 2023, the 567,626 warrants held by M13 Capital became exercisable for a total of 48,816 Class A Ordinary Shares, adjusting the underlying share count while preserving warrant economics.
Who ultimately controls M13 Capital’s Prenetics Global (PRE) holdings?
M13 Capital Management Holdings Limited is described as a British Virgin Islands company wholly owned by Cheng Yin Pan. This means the indirect holdings in Prenetics Global Ltd shares, warrants, and RSUs reported in the filing are ultimately attributable to him.