Latest Schedule 13D activist filings

Umbrella Global Energy S.A. has reduced its beneficial ownership in Turbo Energy, S.A. to 88.27% after selling approximately $1.23 million worth of American Depositary Shares in October 2025.

Access Industries and its affiliates have fully divested their beneficial ownership in Climb Bio, Inc., selling over 3.8 million shares in recent block trades.

Pontifax Parties sold their entire stake of 4.79 million Keros Therapeutics shares back to the company for $84.98 million, leading to board resignations.

Fresenius Medical Care AG's beneficial ownership in Humacyte, Inc. decreased to 9.9% due to an increase in Humacyte's outstanding shares following a recent offering.

Fresenius Medical Care AG's beneficial ownership in Humacyte, Inc. decreased to 9.9% due to share dilution, while announcing a new CEO for its Care Enablement segment.

SoftVest Advisors has filed a preliminary proxy statement to convert Permian Basin Royalty Trust into a corporate entity, citing sub-optimal royalty structure and limited unitholder distributions.

Sylebra Capital and its affiliates have amended their Schedule 13D for 8x8 Inc., disclosing a passive investment stance and a 9.96% beneficial ownership after a disposal of securities.

Reprogrammed Interchange LLC and Reid Hoffman significantly reduced their beneficial ownership in VOR BIOPHARMA INC. through open market sales, now holding 18.6% of common stock.

Eric Sprott's investment entity, 2176423 Ontario Ltd., significantly increased its beneficial ownership in Hycroft Mining Holding Corp. to 34.92% by acquiring 7.69 million shares for $50 million.

Key shareholders of Rubico Inc. report a decrease in their beneficial ownership percentage due to new share issuance under an equity line agreement.

Spectrum Equity entities have fully divested their beneficial ownership in GoodRx Holdings, Inc. through a pro rata distribution and subsequent open market sales.

TransCode Therapeutics, Inc. completed the acquisition of ABCJ, LLC from DEFJ, LLC and secured a $25 million private placement, issuing common and preferred stock, and contingent value rights.

OSN Streaming Limited and its affiliates will convert $59.4 million in convertible notes and PIK interest into 2.37 million Anghami shares, increasing their beneficial ownership to 71.27%.

Cyrus Capital Partners and its affiliates have reduced their beneficial ownership in Garrett Motion Inc. to 9.3% through a series of open market sales.

Jakota Games & Reels SAS, controlled by Norman Hansen, has agreed to sell 39 million shares of Crisp Momentum Inc. for equity in a private company with an undeterminable value.

Paul Taylor, Chairman and COO of Vocodia Holdings Corp, disclosed an increased beneficial ownership of 36% of the company's common stock through open market purchases.

A group of insiders, including Windsor Private Capital LP and Jordan Kupinsky, reduced their beneficial ownership in Firefly Neuroscience, Inc. through open market sales and dilution from increased outstanding shares.

R01 Fund LP and Framework Ventures IV L.P. acquired $12 million in NovaBay Pharmaceuticals preferred stock from CEO David Lazar, with R01 Fund LP's beneficial ownership reaching 16.2%.

Framework Ventures IV L.P. and R01 Fund LP have acquired a significant stake in NovaBay Pharmaceuticals, Inc., injecting $2.15 million into the company as part of a plan to address NYSE listing deficiencies.

Trilogy Equity Partners, LLC has converted warrants into Owlet, Inc. Class A Common Stock, increasing its beneficial ownership to 8.7%.

Saba Capital Management, L.P. and its affiliates have increased their beneficial ownership in The Mexico Fund, Inc. to 9.37% of common shares, acquiring additional shares through open market purchases.

Saba Capital Management, L.P. and affiliates have fully divested their 0% beneficial ownership in ABRDN Japan Equity Fund, Inc.

Saba Capital Management, L.P. and affiliates have reduced their beneficial ownership in Nuveen Pennsylvania Quality Municipal Income Fund to 12.57% through recent open market sales.

An investor group led by Lior Susan, a board member, increased its beneficial ownership in Owlet, Inc. to 40.5% of Class A Common Stock following a warrant exchange.

Activist investor Winvest, led by Jourdan Matthews, acquired and then sold a 15.8% stake in Bollinger Innovations, Inc., while proposing a tender offer for board control and strategic changes.

Cantor Fitzgerald entities, including CFAC Holdings VIII and Cantor Fitzgerald & Co., have increased their beneficial ownership in XBP Global Holdings, Inc. to 6.8%.

SR One Capital Management entities have reduced their beneficial ownership in KALA BIO, Inc. to 4.6% after converting preferred stock and selling common shares.

Seaport Global Asset Management and affiliates reported a 22.9% beneficial ownership stake in ScanTech AI Systems Inc. following a business combination and various share acquisitions.

Logos Global Management LP and its affiliates have reduced their beneficial ownership in Arvinas, Inc. to below 5% after advocating for a strategic reset, capital return, and operational changes.

Franklin Street Properties Corp. announced the appointment of Jennifer Bitterman to its Board of Directors as a Replacement Director, following Bruce Schanzer's resignation.