Verastem, Inc. (VSTM) sees 7.76% ownership reported by Armistice Capital
Rhea-AI Filing Summary
Armistice Capital, LLC and Steven Boyd report significant ownership in Verastem, Inc. They report beneficial ownership of 7,024,000 shares of Verastem common stock, representing 7.76% of the class. All reported shares are held with shared voting and dispositive power, with no sole voting or dispositive authority.
Armistice Capital is investment manager to Armistice Capital Master Fund Ltd., the direct holder of the shares, and exercises voting and investment power under an Investment Management Agreement. Steven Boyd, as managing member of Armistice Capital, may be deemed to share beneficial ownership of these securities.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 7,024,000 shares
Percent of class: 7.76%
Shared voting power: 7,024,000 shares
+3 more
6 metrics
Shares beneficially owned
7,024,000 shares
Verastem common stock reported by Armistice Capital and Steven Boyd
Percent of class
7.76%
Ownership percentage of Verastem common stock
Shared voting power
7,024,000 shares
Shares over which reporting persons share voting power
Shared dispositive power
7,024,000 shares
Shares over which reporting persons share dispositive power
Sole voting power
0 shares
Verastem shares with sole voting authority reported
Sole dispositive power
0 shares
Verastem shares with sole dispositive authority reported
Key Terms
beneficially own, dispositive power, Investment Management Agreement, Cayman Islands exempted company
4 terms
beneficially own financial
"may be deemed to beneficially own the securities of the Issuer held"
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.
dispositive power financial
"Shared Dispositive Power 7,024,000.00"
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.
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.
Cayman Islands exempted company financial
"The Master Fund, a Cayman Islands exempted company that is an investment"
A Cayman Islands exempted company is a legal entity incorporated under Cayman Islands law that is set up to do business mainly outside the islands; it offers flexible rules, limited local reporting and tax neutrality. For investors, it matters because the company’s legal protections, shareholder rights, disclosure requirements and tax treatment follow Cayman law rather than the investor’s home jurisdiction, which can affect governance, transparency and how easy it is to enforce claims—think of it like a car registered in another state for legal and tax reasons.
FAQ
What percentage of Verastem, Inc. (VSTM) does Armistice Capital report owning?
Armistice Capital and Steven Boyd report beneficial ownership of 7.76% of Verastem’s common stock, representing 7,024,000 shares. This ownership is reported on a shared voting and dispositive power basis under Schedule 13G/A Amendment No. 2.
What role does Steven Boyd have in the Verastem (VSTM) ownership reported on Schedule 13G/A?
Steven Boyd is identified as the managing member of Armistice Capital, LLC. Due to this role, he may be deemed to beneficially own the Verastem securities held by the Master Fund, which are managed by Armistice Capital under an Investment Management Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.