SCHEDULE 13G/A: Lind Global Fund II LP Maintains 9.9% Passive Stake in SenesTech, Inc. Through Warrants

Lind Global Fund II LP, along with its affiliates Lind Global Partners II LLC and Jeff Easton, has filed an amended Schedule 13G, confirming a continued passive beneficial ownership of 9.9% in SenesTech, Inc. as of December 31, 2024.

Summary

• Lind Global Fund II LP, Lind Global Partners II LLC, and Jeff Easton (collectively, the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in SenesTech, Inc.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 112,000 shares of SenesTech, Inc. Common Stock.
• This aggregate amount represents 9.9% of SenesTech, Inc.'s outstanding common stock.
• The ownership primarily consists of various warrants: 2,381 2028 Warrants, 39,829 Series D Warrants, 30,199 Series E Warrants, 74,188 2029 Warrants, and 56,248 2026 Warrants.
• A key provision in all Warrants limits the holder's ability to exercise if it would result in beneficial ownership exceeding 9.99% of the Company, thus capping their reported beneficial ownership at 112,000 shares.
• The filing confirms that the securities were not acquired and are not held for the purpose of changing or influencing the control of SenesTech, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing disclosing passive ownership. It neither indicates significant positive nor negative operational news for the company, but confirms a continued significant investor stake.

Positives

• The continued significant passive investment by Lind Global Fund II LP and its affiliates suggests ongoing confidence in SenesTech, Inc.'s long-term prospects from a notable institutional investor.

Negatives

• The 9.99% beneficial ownership limitation on warrant exercise restricts the reporting person's ability to increase their stake beyond this threshold, potentially limiting their future upside from increased ownership.

Risks

• The reporting person's ability to fully exercise all held warrants is limited by a contractual provision preventing beneficial ownership from exceeding 9.99% of SenesTech, Inc.'s outstanding shares.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from SenesTech, Inc. or the reporting persons regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine disclosure of passive beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive landscape for SenesTech, Inc. It primarily reflects an investor's position rather than operational or market-specific developments.

Stakeholder Impact

• Shareholders: Confirms a significant institutional investor maintains a passive stake, which can be viewed as a sign of continued confidence.
• Company Management: Awareness of a large, passive shareholder and their ownership structure, including warrant limitations.

Key Dates

Keywords

SenesTech Inc., Lind Global Fund II LP, Schedule 13G, Beneficial Ownership, Warrants, Common Stock, Passive Investment, SEC Filing, Institutional Investor