SCHEDULE 13G/A: Alger Associates, Inc. Discloses 3.4% Passive Stake in Absci Corporation
Beneficial Ownership Report
Alger Associates, Inc. has filed an amended Schedule 13G, reporting a 3.4% beneficial ownership stake in Absci Corporation's common stock as of March 31, 2025.
Summary
- Alger Associates, Inc. filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership of Absci Corporation's common stock.
- As of March 31, 2025, Alger Associates, Inc. beneficially owns 4,294,032 shares of Absci Corporation's common stock.
- This ownership represents 3.4% of the total outstanding common stock class of Absci Corporation.
- Alger Associates, Inc. holds sole voting power and sole dispositive power over all 4,294,032 shares.
- The securities are held by one or more open-end investment companies or other managed accounts that are investment management clients of Fred Alger Management, LLC (FAM), a registered investment adviser and a wholly-owned subsidiary of Alger Associates, Inc.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Absci Corporation.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or outlook. It is a factual report of an institutional investor's passive stake.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Industry Context
This document is a standard beneficial ownership filing by an institutional investor, Alger Associates, Inc., disclosing its passive stake in Absci Corporation. It does not provide specific industry context or analysis of broader industry trends, focusing solely on the ownership disclosure.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 05/15/2025 | Date of filing and signature. |
Keywords
Absci Corporation, Alger Associates Inc., Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment, investment management
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