SCHEDULE 13G: Lynrock Lake LP Discloses 7.1% Stake in Everspin Technologies Inc.
Beneficial Ownership Report
Lynrock Lake LP, along with Lynrock Lake Partners LLC and Cynthia Paul, has reported a beneficial ownership of 7.1% in Everspin Technologies Inc.'s common stock as of March 31, 2025.
Summary
- Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (collectively, the "Reporting Persons") have filed a Schedule 13G.
- The filing discloses beneficial ownership of 1,586,370 shares of Common Stock of Everspin Technologies Inc.
- This ownership represents 7.1% of the Issuer's outstanding Common Stock as of March 31, 2025.
- The percentage is based on 22,352,145 shares of Common Stock outstanding as reported in Everspin Technologies Inc.'s Form 10-Q filed on April 30, 2025.
- Lynrock Lake LP, as the investment manager of Lynrock Lake Master Fund LP, holds sole voting and dispositive power over these shares.
- Cynthia Paul, as Chief Investment Officer of Lynrock Lake LP and Sole Member of Lynrock Lake Partners LLC, is deemed to exercise voting and investment power.
- The securities 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 convey positive or negative sentiment regarding the issuer's performance or prospects. It is a neutral regulatory filing.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Everspin Technologies Inc.'s future outlook.
Industry Context
This filing is a routine disclosure of a significant ownership stake by an institutional investor in a publicly traded company. It reflects an investment decision by Lynrock Lake LP in Everspin Technologies Inc., a company known for its MRAM technology, but does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity.
- Management: Awareness of a substantial shareholder's position, though the filing states the stake is not for control purposes.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement, representing the beneficial ownership stake. |
| 04/30/2025 | Date Everspin Technologies Inc. filed its Form 10-Q, reporting 22,352,145 shares outstanding, which was used as the basis for the ownership percentage calculation. |
| 05/15/2025 | Date the Schedule 13G was signed and filed by the Reporting Persons. |
Keywords
Everspin Technologies Inc., Lynrock Lake LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing, Institutional Ownership, MRAM
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.