SCHEDULE: FMR LLC and Abigail P. Johnson Disclose 0.9% Stake in Adagene Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 0.9% of Adagene Inc.'s common stock as of June 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson have filed Amendment No. 4 to Schedule 13G concerning their beneficial ownership of common stock in ADAGENE INC.
- As of June 30, 2025, FMR LLC and Abigail P. Johnson each beneficially own 473,948.75 shares of ADAGENE INC common stock.
- This ownership represents 0.9% of the total outstanding common stock of ADAGENE INC.
- FMR LLC holds sole voting power and sole dispositive power over these shares, while Abigail P. Johnson holds sole dispositive power but no sole or shared voting power.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of ADAGENE INC.
- IMPRESA MANAGEMENT LLC, an Investment Adviser, is identified as an entity that beneficially owns shares.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of FMR LLC's Series B voting common shares, potentially forming a controlling group for FMR LLC under the Investment Company Act of 1940.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Management Comments
- The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing is a routine disclosure of beneficial ownership by a major investment management firm, FMR LLC (Fidelity Investments' parent company), and its principal, Abigail P. Johnson. It reflects their passive investment in ADAGENE INC and does not indicate any strategic industry shifts or competitive actions.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming a passive investment stance by FMR LLC and Abigail P. Johnson.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC, incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, incorporated by reference. |
| 2025-06-30 | Date of event which requires filing of this statement, reflecting beneficial ownership. |
| 2025-07-01 | Date of signing and filing of the Schedule 13G Amendment No. 4. |
Keywords
ADAGENE INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing, Institutional Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.