SCHEDULE: Funicular Funds Discloses 5.8% Stake in ImageneBio

Funicular Funds, LP, along with Cable Car Capital, LP and Jacob Ma-Weaver, reported a passive beneficial ownership of 5.8% in ImageneBio, Inc. common stock.

Summary

• Funicular Funds, LP, Cable Car Capital, LP, and Jacob Ma-Weaver have collectively reported beneficial ownership of 643,933 shares of ImageneBio, Inc. common stock.
• This ownership represents 5.8% of ImageneBio, Inc.'s outstanding common stock.
• The calculation is based on 11,181,672 shares outstanding, as reported by ImageneBio, Inc. in its Form 10-Q filed on November 12, 2025.
• The reporting persons hold sole voting and sole dispositive power over all 643,933 shares.
• The filing certifies that the securities were not acquired for the purpose of changing or influencing control of ImageneBio, Inc., except for potential activities related to a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of beneficial ownership, indicating a new significant shareholder. It does not contain information that would inherently drive a strong positive or negative sentiment regarding the company's performance or prospects, beyond the general implication of an institutional investor's confidence.

Positives

• The filing indicates that a significant institutional investor, Funicular Funds, LP, has taken a 5.8% stake in ImageneBio, Inc., which may be viewed as a vote of confidence in the company's value.

Negatives

• This filing, being a beneficial ownership disclosure, does not contain information that would be classified as negative for ImageneBio, Inc.

Risks

• No specific risks to ImageneBio, Inc. are detailed in this beneficial ownership disclosure.

Future Outlook

This filing does not provide any forward-looking statements or guidance from ImageneBio, Inc. or the reporting persons regarding the company's future operations or financial performance.

Industry Context

The disclosure of a new significant passive stake by an institutional investor like Funicular Funds, LP, in a company like ImageneBio, Inc. is a routine event in the public markets. It signals an investor's belief in the long-term value of the company without indicating an immediate intent for strategic or operational changes, which is common for passive 13G filings.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional investor may be viewed positively, potentially increasing investor confidence and market visibility.
• Management: Management becomes aware of a new 5.8% passive shareholder, which could lead to future engagement, though the filing states no immediate intent to influence control.

Next Steps

• The filing itself does not outline any specific future actions or milestones for ImageneBio, Inc. or the reporting persons, beyond the ongoing passive investment.

Key Dates

Keywords

ImageneBio Inc., Funicular Funds, Cable Car Capital, Jacob Ma-Weaver, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, Equity Stake