SCHEDULE 13G/A: Phoenix Venture Partners II Maintains Significant 8.2% Stake in Absci Corporation
Beneficial Ownership Report
Phoenix Venture Partners II, LP and its general partner, Phoenix General Partner II LLC, have disclosed a continued beneficial ownership of 8.2% in Absci Corporation's common stock as of September 30, 2024.
Summary
- Phoenix Venture Partners II, LP and Phoenix General Partner II LLC collectively beneficially own 9,354,695 shares of Absci Corporation's common stock.
- This ownership represents 8.2% of the total outstanding common stock of Absci Corporation.
- The percentage of beneficial ownership is calculated based on 113,556,334 shares of common stock outstanding as of July 31, 2024, as reported in Absci's quarterly report on Form 10-Q.
- The reporting persons, Phoenix Venture Partners II, LP and Phoenix General Partner II LLC, hold sole voting power and sole dispositive power over all 9,354,695 shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- The filing indicates a continued significant investment by Phoenix Venture Partners II, LP in Absci Corporation, suggesting ongoing confidence from a major institutional investor.
Negatives
- The Schedule 13G filing itself does not contain negative information regarding Absci Corporation's performance or outlook.
Risks
- The document does not detail specific risks related to Absci Corporation's operations or financial health.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Absci Corporation's future performance or outlook.
Industry Context
This filing is a standard disclosure of a significant ownership stake by an institutional investor in a publicly traded company, common in sectors like biotechnology or technology where venture capital firms often maintain substantial equity positions post-IPO.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's continued stake, which can be viewed as a sign of ongoing investor confidence.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date as of which the total outstanding shares of Absci Corporation (113,556,334 shares) were reported in the Issuer's Form 10-Q. |
| 09/30/2024 | Date of event which requires filing of this statement, representing the beneficial ownership as of this date. |
| 02/19/2025 | Date the Schedule 13G Amendment No. 3 was signed and filed. |
Keywords
Absci Corporation, Phoenix Venture Partners II, Phoenix General Partner II LLC, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, equity stake
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