SCHEDULE: Millennium Entities Adjust Surrozen Stake Below 5%

Several entities associated with Millennium Management have reported a decrease in their beneficial ownership of Surrozen, Inc. common stock to below 5%.

Summary

• Integrated Core Strategies (US) LLC, Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander have jointly filed a Schedule 13G.
• The filing indicates that as of September 30, 2026, these reporting persons have ceased to beneficially own more than 5% of Surrozen, Inc. common stock.
• Integrated Core Strategies (US) LLC reported beneficial ownership of 557,450 shares, representing 2.9% of the class.
• Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander each reported beneficial ownership of 615,730 shares, representing 3.2% of the class.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily indicating a change in beneficial ownership reporting rather than a significant event for the company itself.

Positives

• The reporting persons have confirmed they no longer hold a significant stake (over 5%) in Surrozen, Inc., which can sometimes reduce selling pressure if they were previously a large holder.
• The filing is up-to-date as of September 30, 2026, indicating timely reporting.

Negatives

• The filing signifies a reduction in holdings by significant investment entities, which could be interpreted negatively by the market if the reasons are not clearly understood.
• The specific reasons for the reduction in beneficial ownership are not detailed in this filing.

Risks

• The reduction in beneficial ownership by these entities could signal a lack of confidence in the company's future prospects, although this is not explicitly stated.
• Future sales by these entities, if they retain any shares, could impact the stock price.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Surrozen, Inc.'s future performance. It solely reports on changes in beneficial ownership.

Management Comments

• The reporting persons have ceased to beneficially own more than 5 percent of the class of securities.
• The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Group Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC).
• The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and hedge funds like Millennium Management when their ownership stake crosses or falls below the 5% threshold. This filing indicates a reduction in stake by these entities, which is a routine reporting event rather than a strategic shift by Surrozen, Inc. itself.

Stakeholder Impact

• Shareholders: The reduction in holdings by significant investment entities may lead to questions about their outlook on the company, but the filing itself does not provide a reason. The market may interpret this as a signal, though not necessarily negative.
• Creditors: No direct impact is indicated.
• Employees: No direct impact is indicated.
• Suppliers/Customers: No direct impact is indicated.

Next Steps

• The reporting persons will continue to file amendments to Schedule 13G as required by SEC regulations if their beneficial ownership changes significantly.

Key Dates

Keywords

Surrozen, Schedule 13G, Beneficial Ownership, Millennium Management, Integrated Core Strategies, Securities Exchange Act, Ownership Threshold