Form 4: Thermo Fisher Scientific Disposes of Science 37 Holdings Shares at $5.75 Following Reverse Stock Split

Thermo Fisher Scientific and related entities report the disposition of Science 37 Holdings common stock at $5.75 per share following a 1-for-20 reverse stock split.

Summary

• Thermo Fisher Scientific Inc. and affiliated entities, including Pharmaceutical Product Development, LLC, Wildcat Acquisition Holdings (UK) Limited, and others, jointly filed a Form 4 regarding changes in beneficial ownership of Science 37 Holdings, Inc. common stock.
• The filing reports the disposition of 868,990 shares of Science 37 Holdings common stock at a price of $5.75 per share on March 12, 2024.
• The filing is related to a reverse stock split of Science 37 Holdings common stock at a ratio of 1-for-20, which was effected on December 8, 2023.
• The reporting persons may be deemed to constitute a 'group' within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934.
• Each reporting person disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a stock transaction, indicating a neutral sentiment.

Industry Context

This filing reflects changes in ownership following a corporate action (reverse stock split) and a subsequent disposition of shares, which is a common occurrence in the life sciences and healthcare technology industries.

Stakeholder Impact

• The disposition of shares may have a minor impact on Science 37 Holdings shareholders.

Key Dates