SCHEDULE 13G/A: Tang Capital Entities Report 9.1% Stake in Cybin Inc.

Tang Capital Management, LLC and affiliated entities have reported a collective beneficial ownership of 9.1% of Cybin Inc.'s common stock as of March 31, 2025.

Summary

• Tang Capital Management, LLC, Kevin Tang, Tang Capital Partners, LP, and Tang Capital Partners International, LP collectively beneficially own 1,830,097 shares of Cybin Inc. common stock.
• This represents 9.1% of Cybin Inc.'s outstanding common stock.
• The percentage is based on 20,001,406 shares of common stock outstanding as of December 31, 2024, as reported by Cybin Inc. in a Form 6-K filed on February 11, 2025.
• The reporting persons share both voting and dispositive power over these shares.
• This filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported beneficial ownership position.

Sentiment

Score: 5

Explanation: Neutral. This is a factual reporting of beneficial ownership and does not contain qualitative information to assess sentiment beyond the fact of a significant stake.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of significant beneficial ownership by an investment group in a publicly traded company. It does not provide specific industry trends or competitive analysis.

Stakeholder Impact

• This filing indicates a significant stake held by Tang Capital Management and its affiliates, which could be viewed by shareholders as a vote of confidence or a potential precursor to future engagement, though the filing itself states the shares were not acquired for the purpose of changing or influencing control.

Key Dates

Keywords

Cybin Inc., Schedule 13G, beneficial ownership, Tang Capital Management, Kevin Tang, common stock, institutional ownership