SCHEDULE 13G: RTW Investments and Dr. Roderick Wong Disclose 9.8% Passive Stake in PepGen Inc.
Beneficial Ownership Disclosure
RTW Investments, LP and its Managing Partner, Dr. Roderick Wong, have disclosed a 9.8% passive beneficial ownership stake in PepGen Inc., totaling 3,193,097 common shares.
Summary
- RTW Investments, LP, a Delaware limited partnership, and Roderick Wong, M.D., its Managing Partner and Chief Investment Officer, are the reporting persons.
- The reporting persons collectively beneficially own 3,193,097 shares of PepGen Inc. Common Stock, $0.0001 par value per share.
- This ownership represents 9.8% of the outstanding shares of PepGen Inc.'s common stock.
- The percentage is calculated based on 32,595,737 shares outstanding as of November 1, 2024, as reported in PepGen Inc.'s Quarterly Report on Form 10-Q filed with the SEC on November 7, 2024.
- The shares are held in the ordinary course of business and were not acquired for the purpose of, or with the effect of, changing or influencing the control of PepGen Inc.
- Both RTW Investments, LP and Roderick Wong, M.D. have shared voting power and shared dispositive power over the 3,193,097 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory disclosure of a passive ownership stake, providing no direct positive or negative operational or financial news about the issuer.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding PepGen Inc.'s future performance or strategic direction.
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by an investment firm in a publicly traded company. It does not provide specific insights into broader industry trends or competitive landscape.
Related Party Transactions
- RTW Master Fund Ltd., an RTW Fund, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of PepGen Inc. shares. This fund is managed by RTW Investments, LP, one of the reporting persons.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which may be interpreted as a signal of confidence from a notable investment firm.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date as of which PepGen Inc.'s shares outstanding (32,595,737) were reported in its Form 10-Q. |
| 11/07/2024 | Date PepGen Inc. filed its Quarterly Report on Form 10-Q with the SEC. |
| 12/31/2024 | Date of event which requires the filing of this statement. |
| 02/14/2025 | Date the Schedule 13G statement was signed and filed. |
Keywords
PepGen Inc., RTW Investments, Roderick Wong, Schedule 13G, beneficial ownership, common stock, investment, SEC filing
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