SCHEDULE 13G/A: Vestal Point Capital Discloses 3.7% Stake in Nyxoah SA

Vestal Point Capital, LP and Ryan Wilder have reported a 3.7% beneficial ownership stake in Nyxoah SA, holding 1,402,002 ordinary shares.

Summary

• Vestal Point Capital, LP and Ryan Wilder collectively hold 1,402,002 ordinary shares of Nyxoah SA.
• This ownership represents 3.7% of Nyxoah SA's total outstanding ordinary shares.
• The percentage is calculated based on 37,435,640 ordinary shares outstanding as of June 27, 2025.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Nyxoah SA.
• Both Vestal Point Capital, LP and Ryan Wilder share voting and dispositive power over the 1,402,002 shares.

Sentiment

Score: 6

Explanation: The disclosure of a passive institutional stake is generally neutral to mildly positive, as it indicates an investor's position without implying active engagement or control changes. It does not contain performance data to assess company health.

Positives

• An institutional investor, Vestal Point Capital, LP, and its Chief Investment Officer, Ryan Wilder, have disclosed a significant passive stake in Nyxoah SA, potentially signaling confidence in the company.

Negatives

• No specific negative information regarding Nyxoah SA's operations or financial performance is disclosed in this ownership filing.

Risks

• No company-specific operational or financial risks are detailed in this beneficial ownership disclosure.

Future Outlook

No forward-looking statements or guidance regarding Nyxoah SA's future performance or strategy are provided.

Management Comments

• 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.

Industry Context

This filing is a disclosure of an ownership stake and does not provide information to analyze broader industry trends or competitors for Nyxoah SA.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional investor's stake provides transparency regarding the ownership structure.

Key Dates

Recommendation

This Schedule 13G filing solely reports a passive ownership stake by Vestal Point Capital, LP and Ryan Wilder in Nyxoah SA. It lacks any financial performance data, strategic updates, or operational details necessary to form a fundamental investment recommendation. As such, the filing itself does not provide a basis to alter an existing investment thesis, leading to a 'hold' recommendation based purely on the information presented.

Keywords

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