SCHEDULE 13G: Vestal Point Capital and Ryan Wilder Disclose 7.8% Passive Stake in Nyxoah SA

Vestal Point Capital, LP and Ryan Wilder have jointly disclosed a 7.8% beneficial ownership stake in Nyxoah SA, holding 2,924,216 ordinary shares as of December 31, 2024.

Summary

• Vestal Point Capital, LP, a Delaware limited partnership, and Ryan Wilder, its Chief Investment Officer and Managing Partner, have filed a Schedule 13G disclosing their beneficial ownership in Nyxoah SA.
• As of December 31, 2024, the reporting persons collectively beneficially own 2,924,216 ordinary shares of Nyxoah SA.
• This ownership represents 7.8% of Nyxoah SA's outstanding ordinary shares.
• The percentage is calculated based on an aggregate of 37,427,265 ordinary shares outstanding as of November 27, 2024, as reported by Nyxoah SA.
• The shares are stated to be acquired and held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a standard disclosure of beneficial ownership, indicating a significant passive investment by an institutional entity, which can be interpreted as a vote of confidence in the issuer without implying active engagement or control.

Positives

• A significant institutional investor, Vestal Point Capital, LP, along with its Chief Investment Officer and Managing Partner, Ryan Wilder, has disclosed a substantial 7.8% stake in Nyxoah SA, which could be interpreted by the market as a vote of confidence in the company's long-term prospects.

Risks

• The filing explicitly states 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 the issuer, mitigating immediate risks of activist investor intervention or hostile takeover attempts from these reporting persons.

Future Outlook

NA

Management Comments

• Ryan Wilder, Chief Investment Officer and Managing Partner of Vestal Point Capital, LP, certified 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 Nyxoah SA.

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment firm in a publicly traded company. It does not provide broader industry trends or context beyond the specific investment.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor's stake may positively influence market sentiment and potentially increase liquidity for Nyxoah SA shares.
• Company Management: Management will be aware of a new significant passive shareholder, though the filing explicitly states no intent to influence control.

Next Steps

• Subsequent amendments to this Schedule 13G shall be filed on behalf of each undersigned reporting person as required by SEC regulations.

Key Dates

Keywords

Nyxoah SA, Vestal Point Capital, Ryan Wilder, Schedule 13G, beneficial ownership, ordinary shares, investment, SEC filing, passive investment