[SCHEDULE 13G/A] Catheter Precision, Inc. SEC Filing
Armistice Capital, LLC and Steven Boyd report collective beneficial ownership of 1,120,635 shares of Catheter Precision, Inc. common stock, representing 4.99% of the class. The filing states the Reporting Persons hold shared voting and dispositive power over these shares and have no sole voting or dispositive power. Armistice is the investment manager of the Master Fund, which directly holds the shares, and the Master Fund disclaims beneficial ownership by virtue of the investment management agreement. The Reporting Persons certify the holdings are in the ordinary course of business and not for the purpose of changing or influencing control.
- Transparent disclosure of beneficial ownership and voting/dispositive powers
- Position is below 5%, signaling passive ownership rather than control intent per the certification
- Clear attribution of roles between Armistice as manager and the Master Fund as direct holder
- Shared voting power indicates Armistice can influence decisions for the Master Fund which may concern some investors
- Position at 4.99% is close to the 5% reporting threshold, so future accumulation could trigger different regulatory requirements
Insights
TL;DR: A sub-5% passive stake with shared control indicates a monitored position but not an immediate control play.
The reported 4.99% position is material enough for disclosure yet sits below common thresholds that trigger mandatory activist or control presumptions. Shared voting and dispositive power implies Armistice, via its management agreement, directs decisions for the holding entity rather than holding sole authority. For investors, this signals a watchable stake that could inform secondary market interest but does not constitute a controlling or majority position.
TL;DR: Shared power and the manager/master fund structure require disclosure but do not alone indicate governance change intent.
The disclosure appropriately attributes voting and investment authority to Armistice as manager and notes the Master Fund disclaimer of beneficial ownership due to the management agreement. The certification that holdings are ordinary-course and not intended to influence control reduces regulatory concern. However, proximity to the 5% threshold means any additional accumulation could alter reporting obligations and market perception of potential governance intent.