SCHEDULE: PFS Cap Mgt Co Discloses 9.99% Stake in SenesTech
Beneficial Ownership Report
PFS Cap Mgt Co and PFS Trust have disclosed a 9.99% beneficial ownership stake in SenesTech, Inc., including shares from warrants subject to a 9.99% blocker.
Summary
- PFS Cap Mgt Co and PFS Trust reported beneficial ownership of 340,000 shares of SenesTech, Inc. common stock.
- This represents 9.99% of the outstanding common stock.
- The reported shares include 120,000 shares issuable upon the exercise of warrants.
- The warrants are subject to a 9.99% blocker, preventing exercise if it would result in ownership exceeding 9.99% of outstanding shares.
- The percentage calculation is based on 2,247,691 shares of common stock outstanding as of June 24, 2025, as reported in the Company's Prospectus Supplement No. 2.
Sentiment
Score: 6
Explanation: The filing discloses a significant beneficial ownership stake by PFS Cap Mgt Co and PFS Trust, indicating a notable investment position in SenesTech, Inc. The 9.99% blocker on warrant exercise introduces a minor limitation for the investor but does not inherently reflect negatively on the company's prospects.
Positives
- PFS Cap Mgt Co and PFS Trust have disclosed a significant 9.99% beneficial ownership stake in SenesTech, Inc., indicating a notable investment position and potential confidence in the company.
Negatives
- The Reporting Persons are currently unable to exercise all of their reported warrants due to a 9.99% beneficial ownership blocker, which limits their ability to increase their stake beyond this threshold.
Risks
- The 9.99% beneficial ownership blocker restricts the Reporting Persons' ability to fully exercise their warrants, potentially limiting their influence or further investment in SenesTech, Inc.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant 9.99% stake by PFS Cap Mgt Co and PFS Trust could be viewed positively by existing shareholders as it signals confidence from a large investor, potentially influencing market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 06/24/2025 | Date as of which outstanding shares were reported in the Company's Prospectus Supplement No. 2. |
| 06/30/2025 | Date of event which requires filing of this statement; also date of filing of Prospectus Supplement No. 2. |
| 08/12/2025 | Signature date for PFS Cap Mgt Co and PFS Trust. |
Keywords
SenesTech Inc., PFS Cap Mgt Co, PFS Trust, Schedule 13G, beneficial ownership, common stock, warrants, 9.99% blocker, SEC filing
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