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Netcapital | SC 13G: Statement of acquisition of beneficial ownership by individuals-Armistice Capital, LLC(9.99%),Steven Boyd(9.99%)

SEC announcement ·  Feb 14 15:50
Summary by Moomoo AI
On December 31, 2023, Armistice Capital, LLC and its managing member Steven Boyd filed a Schedule 13G with the SEC, disclosing a 9.99% ownership stake in Netcapital Inc., amounting to 1,487,138 shares. The filing indicates that this ownership is shared, with neither party having sole voting or dispositive power. The shares are held by the Master Fund, which is managed by Armistice Capital, and as such, Armistice Capital and Boyd may be deemed to beneficially own the securities held by the Master Fund. The Master Fund, however, disclaims beneficial ownership of the securities due to its inability to vote or dispose of them independently. The filing was made in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934, which applies to investment advisers and parent holding companies or control persons. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Netcapital Inc.
On December 31, 2023, Armistice Capital, LLC and its managing member Steven Boyd filed a Schedule 13G with the SEC, disclosing a 9.99% ownership stake in Netcapital Inc., amounting to 1,487,138 shares. The filing indicates that this ownership is shared, with neither party having sole voting or dispositive power. The shares are held by the Master Fund, which is managed by Armistice Capital, and as such, Armistice Capital and Boyd may be deemed to beneficially own the securities held by the Master Fund. The Master Fund, however, disclaims beneficial ownership of the securities due to its inability to vote or dispose of them independently. The filing was made in accordance with Rule 13d-1(b) of the Securities Exchange Act of 1934, which applies to investment advisers and parent holding companies or control persons. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Netcapital Inc.
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