SCHEDULE: Stonepine Capital Discloses 7.2% Stake in Femasys Inc.

Stonepine Capital Management, LLC and its affiliates have reported beneficial ownership of 7.2% of Femasys Inc. common stock, including shares and warrants.

Summary

• Stonepine Capital Management, LLC, along with Stonepine Capital, L.P., Stonepine GP, LLC, and Jon M. Plexico, have jointly filed a Schedule 13G.
• This filing indicates beneficial ownership of 625,000 shares of Femasys Inc. common stock, representing 7.2% of the class.
• The beneficial ownership includes 312,500 shares of common stock and warrants to acquire an additional 312,500 shares.
• A beneficial ownership limitation of 9.99% is noted for the warrants.
• The percentage is calculated based on 8,375,027 shares of common stock outstanding as of August 13, 2026, as per Femasys Inc.'s Form 10-Q for the quarter ending June 30, 2026.
• The reporting persons are filing jointly but not as members of a group, and each disclaims membership in a group.
• Each reporting person also disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but not overwhelming stake taken by an investment firm. The filing itself is procedural and doesn't contain operational or financial performance data.

Positives

• Significant investment stake reported by Stonepine Capital, indicating confidence in Femasys Inc.
• The filing clearly outlines the beneficial ownership structure and the components (shares and warrants).

Negatives

• The filing is purely informational regarding ownership and does not provide any operational or financial performance data for Femasys Inc.

Risks

• The 9.99% beneficial ownership limitation on warrants could restrict future increases in stake without further disclosures or actions.
• Potential for future changes in ownership or strategy by Stonepine Capital, which could impact Femasys Inc.'s stock.

Future Outlook

The filing does not contain forward-looking statements or guidance from Femasys Inc. It solely reports on the ownership stake of Stonepine Capital.

Management Comments

• Each reporting person disclaims membership in a group and beneficial ownership except to the extent of their pecuniary interest.
• The Partnership disclaims that it is a beneficial owner of any shares covered by the Schedule 13G.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in public companies. This filing indicates Stonepine Capital's strategic interest in Femasys Inc., a typical move for investment firms seeking to influence or benefit from a company's performance.

Comparison to Industry Standards

• Institutional ownership stakes in the range of 5-10% are common for hedge funds and investment management firms, indicating a significant but not controlling interest.
• The use of both common stock and warrants is a standard investment strategy to gain exposure and potential upside while managing initial capital outlay.
• The 9.99% ownership limitation is a regulatory threshold often used by investors to avoid triggering stricter reporting requirements or control implications under certain securities laws.

Stakeholder Impact

• Shareholders: May view the increased institutional interest positively, potentially leading to increased liquidity or strategic focus.
• Management: May need to engage with Stonepine Capital regarding their investment strategy and the company's direction.

Next Steps

• Continued monitoring of Femasys Inc.'s performance and any further filings by Stonepine Capital.
• Potential for Stonepine Capital to increase its stake up to the 9.99% limit or engage with Femasys Inc. management.

Key Dates

Keywords

Femasys Inc, Stonepine Capital, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Investment Management, SEC Filing