[SCHEDULE 13G/A] Shuttle Pharmaceuticals Holdings, Inc. SEC Filing
Armistice Capital, LLC and Steven Boyd filed an amended Schedule 13G reporting shared beneficial ownership of 56,237 shares of Shuttle Pharmaceuticals Holdings, Inc. common stock, representing 4.99% of the class. Armistice Capital is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and pursuant to an investment management agreement exercises voting and investment power over those securities. Mr. Boyd, as managing member of Armistice Capital, is reported with the same shared voting and dispositive power. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control.
- Clear regulatory disclosure of beneficial ownership by Armistice Capital and Steven Boyd
- Position documented as held in ordinary course, not for control purposes
- Identification of investment manager relationship (Armistice Capital manages the Master Fund holding the shares)
- Stake remains below 5% (4.99%), limiting potential influence and materiality
- No indication of increased activism or intent to change control, so limited near-term corporate impact
Insights
TL;DR: Disclosure shows a sub-5% passive stake managed by Armistice Capital with shared voting power, a routine institutional filing.
The Schedule 13G/A reports a 4.99% holding (56,237 shares) by Armistice Capital and Steven Boyd, indicating ownership remains below the 5% threshold that typically triggers stricter reporting and activism concerns. The filing clarifies that Armistice Capital acts as investment manager to the Master Fund, exercising voting and dispositive power under an Investment Management Agreement. The certification states the position is held in the ordinary course of business and not to influence control, which aligns with passive investor treatment under the rules. For investors, this is a transparent disclosure of a modest institutional position rather than a control or activist event.
TL;DR: Governance impact is limited: shared voting power exists but reported ownership is below action thresholds.
The filing identifies shared voting and dispositive power rather than sole control, and expressly disclaims acquisition for control purposes. Because the reported stake is 4.99%, it does not meet common materiality triggers for significant influence or mandatory Schedule 13D-level disclosures. The joint filing statement documents that Armistice Capital and Steven Boyd file jointly and accept responsibility for timely amendments. This is standard governance practice for an investment manager and its principal when the manager controls investment decisions for a third-party fund.