Armistice Capital (PWCM) discloses 9.99% beneficial stake in PowerCompute common shares
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of common stock of PowerCompute, Inc. as of June 30, 2026. They report beneficial ownership of 83,769 shares, representing 9.99% of the company’s common stock.
The shares are directly held by Armistice Capital Master Fund Ltd., for which Armistice Capital serves as investment manager with voting and investment power under an Investment Management Agreement. Voting and dispositive power over all 83,769 shares is reported as shared, with no sole voting or dispositive power. The Master Fund has the right to receive dividends and sale proceeds on these securities.
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Key Figures
Beneficially owned shares: 83,769 shares
Percent of class: 9.99%
Shared voting power: 83,769 shares
+1 more
4 metrics
Beneficially owned shares
83,769 shares
Common stock of PowerCompute, Inc. beneficially owned by the Reporting Persons
Percent of class
9.99%
Percentage of PowerCompute common stock beneficially owned
Shared voting power
83,769 shares
Shares over which Armistice Capital and Steven Boyd share voting power
Shared dispositive power
83,769 shares
Shares over which Armistice Capital and Steven Boyd share dispositive power
Key Terms
beneficially own, shared voting power, shared dispositive power, Investment Management Agreement, +1 more
5 terms
beneficially own financial
"may be deemed to beneficially own the securities of the Issuer held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Investment Management Agreement financial
"pursuant to an Investment Management Agreement, Armistice Capital exercises"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
exempted company financial
"The Master Fund, a Cayman Islands exempted company that is an investment"
FAQ
What percentage of PowerCompute (PWCM) does Armistice Capital report owning?
Armistice Capital and Steven Boyd report beneficial ownership of 9.99% of PowerCompute’s common stock. This corresponds to 83,769 shares with shared voting and dispositive power, as of June 30, 2026.
What role does Steven Boyd have in the PowerCompute (PWCM) ownership structure?
Steven Boyd is the managing member of Armistice Capital, LLC and may be deemed to beneficially own the PowerCompute securities held by the Master Fund. He signs the filing on behalf of both Armistice Capital and himself.
AI-generated analysis. How Rhea-AI works. Not financial advice.