SCHEDULE 13G/A: Farallon Capital Management Discloses 9.99% Stake in Savara Inc. Through Various Funds and Warrants
Beneficial Ownership Report
Farallon Capital Management and its affiliated entities have disclosed a combined beneficial ownership of 9.99% in Savara Inc.'s common stock, including shares held directly and those exercisable through warrants, as of December 31, 2024.
Summary
- Farallon Capital Management and its various affiliated funds (collectively, the "Farallon Funds") have reported beneficial ownership in Savara Inc.'s common stock.
- The aggregate beneficial ownership attributed to the Farallon Individual Reporting Persons, who are managing members or senior managing members of Farallon's general partners, is 18,288,986 shares, representing 9.99% of Savara Inc.'s common stock.
- This ownership includes 6,835,000 common shares held directly by the Farallon Funds.
- The Farallon Funds also hold 17,165,021 warrants, each exercisable into one common share.
- Due to a beneficial ownership limitation, the Farallon Funds can currently exercise warrants for an aggregate of not more than 11,453,986 additional shares, ensuring their total beneficial ownership does not exceed 9.99%.
- Consequently, 5,711,035 warrants held by the Farallon Funds are not currently exercisable due to this regulatory limitation.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Savara Inc., other than activities solely in connection with a nomination under SEC Rule 240.14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Managing Member of Farallon General Partner and Manager of FCIP V General Partner and F5MI General Partner | NA | Patrick (Cheng) Luo | 2025-01-01 | Became a managing member/manager. |
Stakeholder Impact
- Shareholders: The disclosure of a significant 9.99% stake by a prominent institutional investor like Farallon Capital Management could be perceived as a vote of confidence or a signal of potential future engagement, potentially influencing market perception and share price.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date of event requiring the filing of this statement. |
| 2025-01-01 | Effective date for Patrick (Cheng) Luo becoming a managing member of Farallon General Partner and a manager of FCIP V General Partner and F5MI General Partner. |
| 2025-02-11 | Date of signing the Schedule 13G filing. |
Keywords
Savara Inc., Farallon Capital Management, SEC filing, Schedule 13G, beneficial ownership, common stock, warrants, institutional investor, equity stake, SRNE
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