Travere Therapeutics (TVTX) sees Armistice Capital report 1.67% ownership in 13G/A
Rhea-AI Filing Summary
Travere Therapeutics, Inc. is the subject of an amended Schedule 13G filing by Armistice Capital, LLC and Steven Boyd. The reporting persons disclose beneficial ownership of 1,572,539 shares of Travere common stock, representing 1.67% of the class, with shared voting and dispositive power over all reported shares and no sole voting or dispositive power.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 1,572,539 shares
Percent of class: 1.67%
Shared voting power: 1,572,539 shares
+3 more
6 metrics
Beneficial ownership
1,572,539 shares
Common stock of Travere Therapeutics beneficially owned by reporting persons
Percent of class
1.67%
Portion of Travere common stock represented by the reported shares
Shared voting power
1,572,539 shares
Shares over which the reporting persons share power to vote
Sole voting power
0 shares
Shares over which the reporting persons have sole power to vote
Shared dispositive power
1,572,539 shares
Shares over which the reporting persons share power to dispose
Sole dispositive power
0 shares
Shares over which the reporting persons have sole power to dispose
Key Terms
beneficially own, Investment Management Agreement, exempted company, dispositive power, +1 more
5 terms
beneficially own financial
"thus may be deemed to beneficially own the securities of the Issuer"
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"
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"
dispositive power financial
"Shared Dispositive Power 1,572,539.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake in Travere Therapeutics (TVTX) does Armistice Capital report in this Schedule 13G/A?
Armistice Capital and Steven Boyd report beneficial ownership of 1,572,539 Travere shares, representing 1.67% of the common stock. All reported shares are held with shared voting and dispositive power through Armistice Capital’s management of Armistice Capital Master Fund Ltd.
How much of Travere Therapeutics (TVTX) does Armistice Capital control through voting and dispositive power?
The filing states shared voting and dispositive power over 1,572,539 shares of Travere common stock and no sole voting or dispositive power. This reflects control exercised via an Investment Management Agreement with Armistice Capital Master Fund Ltd.
Why is Travere Therapeutics (TVTX) reported under the 5% threshold in this Schedule 13G/A?
The reporting persons disclose ownership of 1.67% of Travere’s common stock, which is classified as ownership of 5 percent or less of a class. This amendment updates their holdings to reflect a position below the 5% reporting threshold.
Who are the reporting persons for this Travere Therapeutics (TVTX) Schedule 13G/A?
The reporting persons are Armistice Capital, LLC and Steven Boyd. Armistice Capital is investment manager to Armistice Capital Master Fund Ltd, the direct holder of the shares, and Boyd is the managing member of Armistice Capital.
Does Armistice Capital Master Fund receive dividends or sale proceeds from Travere Therapeutics (TVTX) shares?
Yes. The filing notes that the Master Fund has the right to receive dividends from, or the proceeds from the sale of, the reported Travere securities, while Armistice Capital holds voting and investment power under its management agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.