Armistice Capital (RIGL) reports 1.67M Rigel Pharmaceuticals shares in 13G/A
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of Rigel Pharmaceuticals, Inc. common stock. They disclose beneficial ownership of 1,672,000 shares, representing 8.95% of the outstanding common stock as of June 30, 2026.
The shares are held by Armistice Capital Master Fund Ltd., for which Armistice Capital is investment manager, giving it shared voting and dispositive power over all 1,672,000 shares. Neither Armistice Capital nor Mr. Boyd has sole voting or dispositive power, and the Master Fund has the right to receive dividends and sale proceeds on these securities.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 1,672,000 shares
Percent of class: 8.95%
Shared voting power: 1,672,000 shares
+2 more
5 metrics
Shares beneficially owned
1,672,000 shares
Rigel Pharmaceuticals common stock beneficially owned by Armistice Capital and Steven Boyd
Percent of class
8.95%
Portion of Rigel Pharmaceuticals common stock represented by 1,672,000 shares
Shared voting power
1,672,000 shares
Shares over which Armistice Capital and Steven Boyd have shared power to vote or direct the vote
Sole voting power
0 shares
Shares over which Armistice Capital and Steven Boyd have sole power to vote
Shared dispositive power
1,672,000 shares
Shares over which Armistice Capital and Steven Boyd have shared power to dispose
Key Terms
beneficially own, Investment Management Agreement, exempted company, shared dispositive power, +1 more
5 terms
beneficially own financial
"may be deemed to beneficially own the securities of the Issuer held by the Master Fund"
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 voting and investment power"
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 advisory client"
JOINT FILING STATEMENT regulatory
"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"
FAQ
What stake in RIGL does Armistice Capital report in this Schedule 13G/A?
Armistice Capital and Steven Boyd report beneficial ownership of 1,672,000 shares of Rigel Pharmaceuticals (RIGL) common stock, representing 8.95% of the company’s outstanding common shares as of June 30, 2026.
What type of ownership filing is this for Rigel Pharmaceuticals (RIGL)?
This is an Amendment No. 1 to a Schedule 13G, in which Armistice Capital, LLC and Steven Boyd jointly report beneficial ownership of Rigel Pharmaceuticals (RIGL) common stock exceeding 5% of the outstanding class.
AI-generated analysis. How Rhea-AI works. Not financial advice.