SCHEDULE 13G/A: AWM Investment Company Discloses 6.0% Beneficial Ownership in Burcon NutraScience Corp.

AWM Investment Company, Inc. has filed an amended Schedule 13G, reporting a 6.0% beneficial ownership stake in Burcon NutraScience Corp. as of December 31, 2024.

Summary

• AWM Investment Company, Inc. (AWM), a Delaware corporation, filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Burcon NutraScience Corp.
• As of December 31, 2024, AWM beneficially owns an aggregate of 8,795,037 shares of Common Stock of Burcon NutraScience Corp.
• This ownership represents 6.0% of the class of securities.
• AWM, acting as the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN) and Special Situations Fund III QP, L.P. (SSFQP), holds sole voting and dispositive power over these shares.
• The beneficial ownership includes 1,197,045 shares and 1,100,832 warrants held by CAYMAN, and 3,385,618 shares and 3,111,542 warrants held by SSFQP.
• The warrants can only be exercised to the extent that the total number of Common Shares then beneficially owned does not exceed 9.99% of the outstanding shares.
• David M. Greenhouse and Adam C. Stettner are controlling principals of AWM and members of the general partners of the funds.

Sentiment

Score: 5

Explanation: Neutral, as a Schedule 13G is a factual disclosure of ownership and does not inherently convey positive or negative sentiment about the company's performance or prospects.

Risks

• The exercise of warrants is subject to a limitation that prevents the total beneficial ownership from exceeding 9.99% of the outstanding shares, which could restrict AWM's ability to fully convert all warrants if the threshold is met.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• AWM Investment Company, Inc. acts as the investment adviser to Special Situations Cayman Fund, L.P. and Special Situations Fund III QP, L.P., which are the entities directly holding the reported shares and warrants.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially signal confidence or interest in the company.
• Company Management: Awareness of a substantial institutional investor's position, which may lead to increased engagement or scrutiny from this shareholder.

Key Dates

Keywords

Burcon NutraScience Corp, AWM Investment Company, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership, Warrants, NutraScience