Armistice Capital reports 4,897,417 TVTX shares
Armistice Capital and Steven Boyd report beneficial ownership of 4,897,417 shares of Travere Therapeutics common stock (5.27%) via a joint Schedule 13G filing.
Rhea-AI Filing Summary
Armistice Capital and Steven Boyd report beneficial ownership of 4,897,417 shares of Travere Therapeutics common stock (5.27%) via a joint Schedule 13G filing. The filing states Armistice Capital acts as investment manager to Armistice Capital Master Fund Ltd., which directly holds the shares, and Mr. Boyd may be deemed to beneficially own them as managing member. The Master Fund disclaims beneficial ownership arising solely from its inability to vote or dispose of the shares under its Investment Management Agreement with Armistice Capital.
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Insights
Large passive stake disclosed: 4,897,417 shares (5.27%) held through a master fund.
The filing lists 4,897,417 shares and a 5.27% ownership figure as the reported beneficial position. It states Armistice Capital is the investment manager of the Master Fund, which is the direct holder, and that voting and investment power are exercised pursuant to an Investment Management Agreement.
Disclosure is typical for passive/large-holder reporting; subsequent amendments could show changes. Future SEC reports from the reporting persons would reveal any shifts in shared voting or dispositive power.
Joint filing clarifies managerial attribution and disclaimers; ownership is shared voting/dispositive power.
The statement attributes shared voting power and shared dispositive power of 4,897,417 shares to Armistice Capital and Mr. Boyd. It also includes the Master Fund's formal disclaimer regarding direct beneficial ownership due to the management agreement.
This filing documents who may influence votes or sales; any changes to that arrangement would appear in later Schedule 13 filings or amendments.
Key Figures
Key Terms
Schedule 13G regulatory
Investment Management Agreement legal
beneficial ownership financial
FAQ
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What stake did Armistice Capital report in Travere Therapeutics (TVTX)?
Does the Master Fund claim beneficial ownership in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.