Armistice Capital Reports 5.67% Stake in STAAR SURGICAL (2.81M Shares)
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 2,812,000 shares of STAAR SURGICAL CO common stock, representing 5.67% of the class.
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 2,812,000 shares of STAAR SURGICAL CO common stock, representing 5.67% of the class. The filing states that Armistice Capital is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and that Armistice exercises shared voting and dispositive power over those securities. Neither reporting person holds sole voting or dispositive power. The percentage is calculated using 49,553,035 shares outstanding as of July 30, 2025. The filing includes a certification that the shares were acquired in the ordinary course of business and not to influence control of the issuer.
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Insights
TL;DR: Armistice/Steven Boyd report a 5.67% stake with shared voting/dispositive power via an advisory relationship.
The Schedule 13G/A discloses a non-control, passive reporting position just above the 5% threshold that triggers public reporting. The holding is registered in the Master Fund while Armistice, as investment manager, and Mr. Boyd, as managing member, report shared voting and dispositive authority over 2,812,000 shares. The filing cites 49,553,035 shares outstanding as the denominator; the nature of acquisition is certified as ordinary-course, not for control. For investors, this is a material ownership disclosure but not a control-related filing.
TL;DR: Disclosure shows manager-led beneficial reporting and explicit Master Fund disclaimer of direct beneficial ownership.
The document clarifies governance lines: the Master Fund is the record holder while Armistice exercises voting/investment power under an investment management agreement, and the Master Fund disclaims direct beneficial ownership because it cannot vote or dispose of the shares independently. This allocation of authority is important for meeting reporting rules and for understanding where voting influence legally resides. The joint filing statement centralizes amendment responsibility between the parties.
FAQ
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Does the filing indicate Armistice intends to influence control of STAAR SURGICAL CO?
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