NEA Group Amends CVRx Stake Filing

TL;DR

NEA group updated their CVRx filing, watch for ownership changes.

AI Summary

New Enterprise Associates 10 LP, along with other NEA entities and individuals, has filed an amendment to their Schedule 13D concerning CVRx, Inc. The filing, dated November 7, 2024, indicates a change in their beneficial ownership of CVRx, Inc. common stock. The specific details of the ownership change and the total percentage held are not fully detailed in this excerpt.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of a significant venture capital firm concerning a publicly traded medical device company.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements, requiring careful monitoring.

Key Players & Entities

• New Enterprise Associates 10 LP (company) — Filer of the Schedule 13D/A
• CVRx, Inc. (company) — Subject company
• ANTHONY A. FLORENCE, JR. (person) — Group Member
• MOHAMAD H. MAKHZOUMI (person) — Group Member
• SCOTT D. SANDELL (person) — Group Member
• NEA PARTNERS 10, LIMITED PARTNERSHIP (company) — Group Member
• NEA PARTNERS VIII, LIMITED PARTNERSHIP (company) — Group Member
• NEW ENTERPRISE ASSOCIATES 8A, LIMITED PARTNERSHIP (company) — Group Member
• NEW ENTERPRISE ASSOCIATES VIII, LIMITED PARTNERSHIP (company) — Group Member

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
• $15.2038 — n Stock, at a weighted average price of $15.2038 per share, with prices that ranged from
• $14.97 — per share, with prices that ranged from $14.97 to $15.48 per share. The Funds undertak
• $15.48 — with prices that ranged from $14.97 to $15.48 per share. The Funds undertake to provi
• $15 — n Stock, at a weighted average price of $15.3678, with prices that ranged from $15.
• $15.00 — $15.3678, with prices that ranged from $15.00 to $15.75 per share. The Funds undertak
• $15.75 — with prices that ranged from $15.00 to $15.75 per share. The Funds undertake to provi
• $15.06 — $15.4539, with prices that ranged from $15.06 to $15.76 per share. The Funds undertak
• $15.76 — with prices that ranged from $15.06 to $15.76 per share. The Funds undertake to provi

Filing Documents

• nea10-cvrx_18897.htm (SC 13D/A) — 352KB
• 0001072613-24-000806.txt ( ) — 354KB

From the Filing

SC 13D/A 1 nea10-cvrx_18897.htm NEW ENTERPRISE ASSOCIATES 10 LP -- CVRX, INC. 13D/A(#1) Schedule 13D UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* CVRx, Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 126638105 (CUSIP Number) Stephanie Brecher New Enterprise Associates 1954 Greenspring Drive, Suite 600 Timonium, MD 21093 (410) 842-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 5, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.126638105 13D Page 2 of 19 Pages 1 NAMES OF REPORTING PERSONS. New Enterprise Associates 8A, Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Shares 8 SHARED VOTING POWER 2,246,127 Shares 9 SOLE DISPOSITIVE POWER 0 Shares 10 SHARED DISPOSITIVE POWER 2,246,127 Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,246,127 Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.3% 14 TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.126638105 13D Page 3 of 19 Pages 1 NAMES OF REPORTING PERSONS. New Enterprise Associates 10, Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Shares 8 SHARED VOTING POWER 2,246,127 Shares 9 SOLE DISPOSITIVE POWER 0 Shares 10 SHARED DISPOSITIVE POWER 2,246,127 Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,246,127 Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.3% 14 TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.126638105 13D Page 4 of 19 Pages 1 NAMES OF REPORTING PERSONS. NEA Partners 10, Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) AF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 Shares 8 SHARED VOTING POWER 2,246,127 Shares 9 SOLE DISPOSITIVE POWER 0 Shares 10 SHARED DISPOSITIVE POWER 2,246,127 Shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,246,127 Shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.3% 14 TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.126638105 13D Page 5 of 19 Pages 1 NAMES OF REPORTING PERSONS. New Enterprise Associates VIII, Limited Partnership 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEE

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