SCHEDULE 13G: TPG Entities Disclose 11.1% Passive Stake in Ceribell, Inc.
Beneficial Ownership Statement
TPG GP A, LLC, along with James G. Coulter and Jon Winkelried, have disclosed a passive beneficial ownership of 11.1% in Ceribell, Inc., totaling 3,967,422 shares of common stock.
Summary
- TPG GP A, LLC, James G. Coulter, and Jon Winkelried (collectively, the "Reporting Persons") have filed a Schedule 13G, indicating beneficial ownership in Ceribell, Inc.
- The Reporting Persons collectively beneficially own 3,967,422 shares of Ceribell, Inc.'s Common Stock.
- This ownership represents 11.1% of the total outstanding Common Stock of Ceribell, Inc.
- The percentage is based on 35,824,244 shares of Common Stock outstanding as of November 11, 2024, as reported in Ceribell's Form 10-Q filed on November 12, 2024.
- The shares are held indirectly through TPG Rise Clearthought, L.P., which is controlled by entities managed by TPG GP A, LLC, and ultimately by Messrs. Coulter and Winkelried.
- The filing indicates a passive investment purpose, as it is filed under Rule 13d-1(b).
Sentiment
Score: 6
Explanation: The sentiment is moderately positive as a significant stake by a reputable investment firm like TPG can be viewed as a vote of confidence in the company, potentially attracting further investor interest.
Positives
- The disclosure of a significant 11.1% stake by a prominent investment firm like TPG, through its affiliates and principals, may signal institutional confidence in Ceribell, Inc.'s long-term prospects.
- The investment by TPG, known for its strategic investments, could potentially attract further institutional interest in Ceribell, Inc.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by a major private equity firm, TPG, in Ceribell, Inc. Such investments by large institutional players often reflect a belief in the long-term growth potential of the company within its sector, potentially signaling broader investor interest in the industry.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake may positively influence investor sentiment and potentially the stock price, indicating strong institutional interest.
- Company Management: Awareness of a large, passive institutional shareholder may influence strategic decisions, though the filing indicates a non-controlling, passive interest.
Key Dates
| Date | Description |
|---|---|
| 01/18/2022 | Date of Agreement of Joint Filing referenced in the exhibit. |
| 01/10/2024 | Date of authorization and designation letter for Gerald Neugebauer to sign on behalf of Mr. Coulter and Mr. Winkelried. |
| 02/07/2024 | Date Form 4 filed by Mr. Coulter and Mr. Winkelried, where the authorization letter was previously filed. |
| 11/11/2024 | Date as of which 35,824,244 shares of Common Stock were outstanding for Ceribell, Inc. |
| 11/12/2024 | Date Ceribell, Inc.'s Quarterly Report on Form 10-Q was filed with the SEC. |
| 12/31/2024 | Date of event which required the filing of this Schedule 13G statement. |
| 02/13/2025 | Signature date of the Schedule 13G filing. |
Keywords
Ceribell Inc., TPG GP A LLC, James G. Coulter, Jon Winkelried, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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