Millennium group reports 3.85M shares (5.5%) in Quoin
Quoin Pharmaceuticals Ltd. Schedule 13G: a group led by Millennium affiliates and Israel A. Englander reports shared beneficial ownership of 3,850,385 ordinary shares, representing 5.5% of the class, per cover-page disclosures.
Rhea-AI Filing Summary
Quoin Pharmaceuticals Ltd. Schedule 13G: a group led by Millennium affiliates and Israel A. Englander reports shared beneficial ownership of 3,850,385 ordinary shares, representing 5.5% of the class, per cover-page disclosures. The filers executed a Joint Filing Agreement dated June 1, 2026. The filing notes CUSIP 74907L409 and that each American Depositary Share represents thirty-five Ordinary Shares.
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Insights
Schedules 13G show passive/collective holdings and group coordination.
The filing lists Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander as joint filers and discloses shared voting and dispositive power over 3,850,385 shares (listed as 5.5%). The filing includes a Joint Filing Agreement dated June 1, 2026.
Legal consequences hinge on classification rules for beneficial ownership and group filing obligations; subsequent Schedule 13D/13G amendments would update any change in intent or ownership levels.
Holders report a minority, non‑controlling stake disclosed for transparency.
The reported 5.5% stake is a public disclosure of a minority position; the filing states that shares are held by entities under voting control or investment discretion of Millennium affiliates and Mr. Englander. The filing expressly refrains from admitting beneficial ownership beyond the stated figures.
Future amendments would be expected if the group’s intent or percentage ownership changes; timing and cash‑flow treatment are not provided in the excerpt.
Key Figures
Key Terms
Schedule 13G regulatory
FAQ
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What stake does Millennium report in Quoin Pharmaceuticals (QNRX)?
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Who signed the joint filing and when was it executed?
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