Lind Global reports 6.62% Tenax stake via warrants
Lind Global Fund II LP and related reporting persons disclose a passive stake in Tenax Therapeutics, Inc. They report beneficial ownership of 442,480 warrants to purchase common stock, representing 6.62% of Tenax’s common stock.
Rhea-AI Filing Summary
Lind Global Fund II LP and related reporting persons disclose a passive stake in Tenax Therapeutics, Inc. They report beneficial ownership of 442,480 warrants to purchase common stock, representing 6.62% of Tenax’s common stock. The warrants are subject to a 9.9% beneficial ownership cap on exercise.
Lind Global Partners II LLC, as general partner of Lind Global Fund II LP, and Jeff Easton, as managing member of Lind Global Partners II LLC, may each be deemed to have sole voting and dispositive power over these securities. The reporting persons certify the holdings are not for the purpose of changing or influencing control of Tenax.
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Insights
Passive holder reports 6.62% Tenax stake via capped warrants.
The filing shows Lind Global Fund II LP and its affiliates beneficially owning 442,480 warrants linked to Tenax Therapeutics common stock, equating to 6.62% of the class. These are derivative securities, not currently outstanding shares, but they count toward ownership under SEC rules.
The warrants cannot be exercised if doing so would push the reporting persons’ beneficial ownership above 9.9%, limiting potential concentration. The group also certifies a passive intent, stating the holdings are not for changing or influencing control. This looks like a standard institutional position disclosure rather than a control transaction.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Tenax Therapeutics (TENX) is reported in this Schedule 13G/A?
Who are the reporting persons in the Tenax Therapeutics (TENX) Schedule 13G/A?
What type of Tenax Therapeutics (TENX) securities are held by the reporting persons?
What percentage of Tenax Therapeutics (TENX) does the 442,480 warrants represent?
Is there a cap on how much Tenax Therapeutics (TENX) the reporting persons can beneficially own?
Do the reporting persons seek to influence control of Tenax Therapeutics (TENX)?
AI-generated analysis. How Rhea-AI works. Not financial advice.