SCHEDULE 13G: Nantahala Capital Management Discloses 5.82% Stake in Herbalife Ltd.

Nantahala Capital Management, LLC, along with Wilmot B. Harkey and Daniel Mack, has disclosed a beneficial ownership of 5.82% in Herbalife Ltd., totaling 5,900,000 common shares as of March 31, 2025.

Summary

• Nantahala Capital Management, LLC, an investment adviser, and its managing members, Wilmot B. Harkey and Daniel Mack, have filed a Schedule 13G indicating beneficial ownership in Herbalife Ltd.
• As of March 31, 2025, the reporting persons collectively beneficially own 5,900,000 common shares of Herbalife Ltd.
• This ownership represents 5.82% of the total outstanding common shares of Herbalife Ltd.
• The shares are held by funds and separately managed accounts under Nantahala's control.
• Nantahala Capital Management, LLC is a Massachusetts limited liability company, while Wilmot B. Harkey and Daniel Mack are citizens of the United States.
• The reporting persons have shared voting power and shared dispositive power over all 5,900,000 shares, with no sole voting or dispositive power.
• The filing certifies that 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 Herbalife Ltd.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the company's performance or prospects. It is a neutral regulatory filing.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure of a significant passive investment stake by an investment adviser in a publicly traded company, Herbalife Ltd., which operates in the nutrition and weight management industry. Such disclosures provide transparency regarding institutional holdings and can signal investor interest in the company.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (5.82%) by Nantahala Capital Management, LLC, Wilmot B. Harkey, and Daniel Mack provides transparency regarding the ownership structure of Herbalife Ltd. This information can be relevant for other investors assessing the company's shareholder base and potential institutional interest.

Key Dates

Keywords

Herbalife Ltd., Nantahala Capital Management, Wilmot B. Harkey, Daniel Mack, Schedule 13G, Beneficial Ownership, Common Shares, Investment Adviser, Stake Disclosure