Glazer Capital discloses 5.36% RAPT Therapeutics (RAPT) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Glazer Capital, LLC and Paul J. Glazer reported beneficial ownership of 1,486,094 shares of RAPT Therapeutics, Inc. common stock, representing 5.36% of the outstanding class.
The shares are held by funds and managed accounts advised by Glazer Capital, with shared voting and dispositive power over all reported shares and no sole authority. The filers state the position is not held to change or influence control of RAPT Therapeutics and is reported on a passive Schedule 13G basis.
Positive
- None.
Negative
- None.
FAQ
How large is Glazer Capital’s stake in RAPT Therapeutics (RAPT)?
Glazer Capital and Paul J. Glazer report beneficial ownership of 1,486,094 RAPT Therapeutics common shares, equal to 5.36% of the class. The shares are held through certain funds and managed accounts advised by Glazer Capital, making them a 5%-plus institutional shareholder.
Who are the reporting persons in this RAPT Therapeutics Schedule 13G?
The reporting persons are Glazer Capital, LLC and its Managing Member, Paul J. Glazer. Glazer Capital acts as investment manager to certain funds and managed accounts that hold the RAPT Therapeutics shares, while Paul J. Glazer is reported because of his control position at Glazer Capital.
Is Glazer Capital’s RAPT Therapeutics stake intended to influence control of the company?
The filing states the securities were not acquired and are not held to change or influence control of RAPT Therapeutics. It is a passive Schedule 13G filing, with the filers certifying they are not participating in any transaction having a control-related purpose or effect.
What type of security in RAPT Therapeutics (RAPT) is reported in this Schedule 13G?
The filing covers RAPT Therapeutics, Inc. common stock with a par value of $0.0001 per share. All 1,486,094 shares reported as beneficially owned are this class of common stock, identified by CUSIP number 75382E109 in the ownership disclosure.