SCHEDULE 13G: Two Seas Capital Discloses 5.1% Passive Stake in Avadel Pharmaceuticals plc
Beneficial Ownership Report
Two Seas Capital LP, along with its general partner Two Seas Capital GP LLC and chief investment officer Sina Toussi, has reported a passive 5.1% beneficial ownership stake in Avadel Pharmaceuticals plc.
Summary
- Two Seas Capital LP, Two Seas Capital GP LLC, and Sina Toussi (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership of Avadel Pharmaceuticals plc.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 4,946,449 Ordinary Shares of Avadel Pharmaceuticals plc.
- This ownership represents 5.1% of Avadel Pharmaceuticals plc's outstanding Ordinary Shares.
- The percentage is calculated based on 96,632,000 shares outstanding as of March 31, 2025, as disclosed in Avadel's Form 10-Q filed on May 7, 2025.
- Two Seas Capital LP serves as the investment manager to Two Seas Global (Master) Fund LP, which holds the shares.
- The filing states that 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 the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of the event which required the filing of this statement, representing the beneficial ownership stake. |
| 05/07/2025 | Date Avadel Pharmaceuticals plc filed its Form 10-Q, disclosing the total shares outstanding used for percentage calculation. |
| 05/15/2025 | Date the Schedule 13G was signed by the Reporting Persons. |
Keywords
Avadel Pharmaceuticals plc, Two Seas Capital LP, Two Seas Capital GP LLC, Sina Toussi, Schedule 13G, Beneficial Ownership, Investment Adviser, Ordinary Shares, Passive Investment
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