Form 4: Anzu SPAC GP I LLC and Whitney Haring-Smith Report Beneficial Ownership Changes in Envoy Medical, Inc.

Anzu SPAC GP I LLC distributed 1,000,000 shares of Envoy Medical, Inc. Class A Common Stock to its members, with Dr. Whitney Haring-Smith also reporting beneficial ownership due to shared voting and investment control.

Summary

• Anzu SPAC GP I LLC, a significant shareholder of Envoy Medical, Inc., distributed 1,000,000 shares of Class A Common Stock to its members.
• This distribution was a pro-rata in-kind transfer and did not involve any monetary consideration.
• Dr. Whitney Haring-Smith, a director, shares voting and investment control over the shares held by Anzu SPAC GP I LLC.
• As a result, Dr. Haring-Smith is also deemed to beneficially own the 1,000,000 shares, although he disclaims beneficial ownership except for his pecuniary interest.
• The transaction occurred on November 19, 2024, and was reported on November 21, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of a transaction.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership, which is common for companies with significant shareholders and directors. It does not indicate any specific industry trend or competitive activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and major shareholders.
• The pro-rata distribution of shares is a common mechanism for distributing assets from a holding company to its members.
• The disclaimer of beneficial ownership by Dr. Haring-Smith, except for his pecuniary interest, is a standard practice to clarify the extent of his control and financial stake.

Stakeholder Impact

• The share distribution does not have a direct impact on the company's operations or financial performance.
• The change in beneficial ownership is primarily relevant to shareholders and those tracking insider transactions.

Key Dates

Keywords

beneficial ownership, Form 4, Anzu SPAC GP I LLC, Whitney Haring-Smith, Envoy Medical, Inc., Class A Common Stock, share distribution, SEC filing