Schedule 13G: 683 Capital Reports 5.36% Position in RVPH via Warrants
Rhea-AI Filing Summary
683 Capital Management, LLC, 683 Capital Partners, LP and Ari Zweiman report beneficial ownership of 5,435,000 shares of Reviva Pharmaceuticals Holdings, Inc., representing approximately 5.36% of the company’s common stock on a fully-diluted basis as of September 29, 2025. The stake comprises 450,000 issued shares and 4,985,000 currently exercisable warrants, and the reporting persons note shared voting and dispositive power.
The filing states the position is not held to influence control of the issuer and lists reporting addresses in New York and Delaware organizational details.
Positive
- Material passive disclosure: Reporting Persons transparently disclose a 5.36% beneficial position, meeting SEC transparency standards.
- Warrants detailed: Identification of 4,985,000 currently exercisable warrants clarifies potential dilution and conversion timing.
- Certification of passive intent: The filing explicitly states the securities are not held to influence control, reducing immediate takeover concerns.
Negative
- None.
Insights
TL;DR: A passive but material 5.36% equity stake primarily via exercisable warrants could affect dilution and market perception.
The filing discloses a 5.36% beneficial ownership calculated using 96,337,119 outstanding shares plus 4,985,000 warrant shares, with 450,000 shares held outright and the balance via exercisable warrants. From an investor perspective, the stake is material enough to warrant monitoring for future warrant exercises that would increase share count and potentially pressure the share price or signal confidence if exercised. The certification indicates the stake is not intended to change control, consistent with an investment-adviser/partner holding.
TL;DR: Reporting is complete and standard for Schedule 13G; governance impact appears limited absent coordinated group action.
The Schedule 13G is filed under passive investor rules and identifies shared voting/dispositive power among an investment manager, its fund, and an individual. The disclosure of shared powers and the certification that the position is not meant to influence control satisfy typical governance transparency requirements. Investors should note the existence of exercisable warrants that convert economic exposure into voting shares upon exercise, but there is no stated intent to form a control group or to pursue board influence in this filing.