SCHEDULE: Stonepine Capital Discloses 5.8% Stake in Surrozen
Beneficial Ownership Report
Stonepine Capital Management and related entities have disclosed a 5.8% beneficial ownership stake in Surrozen, Inc., totaling 508,687 shares.
Summary
- Stonepine Capital Management, LLC, Stonepine Capital, L.P., Stonepine GP, LLC, and Jon M. Plexico jointly filed an Amendment No. 3 to Schedule 13G.
- The reporting persons collectively beneficially own 508,687 shares of Surrozen, Inc. Common Stock.
- This ownership represents 5.8% of Surrozen, Inc.'s outstanding Common Stock.
- The total beneficial ownership includes 306,029 shares of Common Stock and 202,658 shares issuable upon the exercise of Series A, Series B, and Series E Warrants.
- The percentage is calculated based on 8,570,355 shares of Common Stock outstanding as of August 4, 2025, as reported in Surrozen's Form 10-Q for the quarter ended June 30, 2025.
- The beneficial ownership is subject to a 9.9% beneficial ownership limitation.
- The reporting persons disclaim membership in a group and disclaim beneficial ownership except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.
Positives
- NA
Negatives
- NA
Risks
- The beneficial ownership is subject to a 9.9% limitation, which could restrict the immediate exercise of all warrants if it pushes ownership above this threshold.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic outlook.
Industry Context
This filing is a routine disclosure of a significant ownership stake by an investment firm in a publicly traded company. It reflects an investment position rather than broader industry trends or competitive dynamics.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor's stake can influence market perception and potentially provide a signal of confidence or interest in the company.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2024-10-10 | Date of the Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G. |
| 2025-06-30 | Date of event which requires filing of this statement (end of quarter for which Form 10-Q was filed). |
| 2025-08-04 | Date as of which 8,570,355 shares of Common Stock were outstanding, as reported in the Issuer's Form 10-Q. |
| 2025-08-13 | Date of signing for the Schedule 13G Amendment No. 3. |
Keywords
Surrozen Inc., Stonepine Capital Management, Beneficial Ownership, Schedule 13G, Common Stock, Warrants, Institutional Ownership, SEC Filing
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