Paul Glazer Reports 2.65M Shares of Y-mAbs, Filing Shows 5.84% Stake
Rhea-AI Filing Summary
Glazer Capital, LLC and Paul J. Glazer reported beneficial ownership of 2,654,700 shares of Y-mAbs Therapeutics, Inc. common stock, representing 5.84% of the class. The filing states that Glazer Capital (a Delaware LLC) acts as investment manager for funds and managed accounts holding the shares and that Mr. Glazer is the managing member. The reporting persons disclose shared voting and shared dispositive power over the 2,654,700 shares and no sole voting or dispositive power. The business office for the filers is listed in New York.
Positive
- Material ownership disclosed: Reporting persons clearly state a 5.84% stake (2,654,700 shares), meeting SEC disclosure requirements.
- Transparency on powers: The filing specifies shared voting and dispositive power and lists the managing member and business address.
Negative
- No sole voting or dispositive power: The reporting persons report 0 shares of sole voting or sole dispositive power, indicating no unilateral control.
Insights
TL;DR: A disclosure of a >5% stake signals a sizable investor position that could draw market attention.
The Schedule 13G reports a 5.84% position (2,654,700 shares) held via funds and managed accounts for which Glazer Capital is investment manager. This is a standard passive ownership disclosure under Rule 13d-1. The filing provides clear allocation of voting and dispositive powers as shared rather than sole, which limits interpretation of unilateral control. No acquisitions, dispositions, or intent to influence control are stated in the document.
TL;DR: Shared voting/dispositive power is disclosed; the filing affirms passive intent and does not assert control.
The Schedule 13G classification and the certification language indicate the reporting persons are presenting this as non-control, passive ownership. The filing identifies the managing member and the business address, and it explicitly records 0 sole voting power and 2,654,700 shared voting/dispositive power. For governance analysis, the filing documents material ownership but does not signal any coordinated group or control actions.