Aug. 22 at 8:52 PM
$ARVN Logos Global Management filed a 13D.
https://www.sec.gov/Archives/edgar/data/1655759/000093583625000557/xslSCHEDULE_13D_X01/primary_doc.xml
Reporting beneficial ownership of 6.3m shares, 8.6%.
Under Item 3, they disclosed buying 3,200,000 shares on the open market from May 1 - August 18 for a total purchase price of
$23,534,011.75.
Under Item 4, they disclosed some communication with the company:
• Jun 10 they sent an email recommending a strategic reset of the company's direction and structure
• Aug 7 they sent a letter to the board requesting (i) return
$700 million of capital to stockholders, (ii) substantially reduce operating expenses and right-size the organization, (iii) allow the company's valuation to rebase around its core science, (iv) execute a 1-for-5 reverse stock split to facilitate institutional re-engagement, and (v) rebuild the company's credibility through disciplined capital allocation and business development.
