PowerCompute (PWCM) investors report 1.55M-share, 8.2% beneficial stake via warrants
Rhea-AI Filing Summary
PowerCompute, Inc. has a significant shareholder group consisting of Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC. As of June 30, 2026, they report beneficial ownership of 1,551,590 shares of common stock through two Intracoastal-held warrants. This represents a stake of approximately 8.2% of the outstanding common stock, based on 17,352,281 shares outstanding plus the shares underlying those two warrants. A third warrant for 30,000 shares is excluded from this calculation due to a 4.99% blocker provision that limits additional exercisability.
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Key Figures
Beneficially owned shares: 1,551,590 shares
Ownership percentage (Item 4(b)): 8.2%
Ownership percentage (calculation reference): 8.3%
+5 more
8 metrics
Beneficially owned shares
1,551,590 shares
Shares of common stock beneficially owned as of June 30, 2026
Ownership percentage (Item 4(b))
8.2%
Percent of PowerCompute common stock class reported as beneficially owned
Ownership percentage (calculation reference)
8.3%
Approximate beneficial ownership based on outstanding shares plus two warrants
Shares under Intracoastal Warrant 1
1,129,055 shares
Common shares issuable upon exercise of Intracoastal Warrant 1
Shares under Intracoastal Warrant 2
422,535 shares
Common shares issuable upon exercise of Intracoastal Warrant 2
Shares under Intracoastal Warrant 3
30,000 shares
Excluded from beneficial ownership due to 4.99% blocker provision
Shares outstanding
17,352,281 shares
PowerCompute common stock outstanding as of May 11, 2026
Blocker threshold
4.99%
Maximum ownership allowed before Intracoastal Warrant 3 becomes non-exercisable
Key Terms
beneficial ownership, blocker provision, shared voting power, shared dispositive power, +1 more
5 terms
beneficial ownership financial
"may have been deemed to have beneficial ownership of 1,551,590 shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
blocker provision financial
"Intracoastal Warrant 3 contains a blocker provision under which the holder"
warrant financial
"shares of Common Stock issuable upon exercise of a warrant held by Intracoastal"
A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.
FAQ
What percentage of PowerCompute (PWCM) does Intracoastal Capital and its principals own?
They report beneficial ownership of approximately 8.2% of PowerCompute’s common stock. This is based on 1,551,590 shares underlying two warrants, plus 17,352,281 shares outstanding as of May 11, 2026.
What is the blocker provision affecting Intracoastal’s third PowerCompute (PWCM) warrant?
Intracoastal Warrant 3 for 30,000 shares cannot be exercised to the extent it would cause ownership above 4.99%. Because of this blocker provision, those 30,000 shares are excluded from the reported beneficial ownership.
Who are the reporting persons in this PowerCompute (PWCM) Schedule 13G/A?
The filing is made on behalf of Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC. Intracoastal, a Delaware limited liability company, holds the warrants that give rise to the reported beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.