Adage Capital Partners Cuts MeiraGTx Stake to 5.0%

TL;DR

**Adage Capital Partners just trimmed its MeiraGTx stake to 5.0%, watch for potential stock reaction.**

AI Summary

Adage Capital Partners, L.P. filed an amended Schedule 13G/A on February 7, 2024, disclosing its beneficial ownership in MeiraGTx Holdings plc as of December 31, 2023. This filing indicates that Adage Capital Partners, L.P. now beneficially owns 2,900,000 shares of MeiraGTx Holdings plc's Common Stock, representing 5.0% of the company's outstanding shares. This is a decrease from their previous reported holdings, signaling a reduction in their stake, which could be interpreted by investors as a loss of confidence or a portfolio rebalancing.

Why It Matters

A significant institutional investor reducing its stake can signal a lack of confidence in the company's future prospects, potentially influencing other investors to re-evaluate their positions.

Risk Assessment

Risk Level: medium — A major institutional investor reducing its stake can create selling pressure and negatively impact investor sentiment for MeiraGTx Holdings plc.

Analyst Insight

Investors should monitor MeiraGTx Holdings plc's stock performance and consider if this reduction by a major institutional investor aligns with their own investment thesis or if further research into the company's fundamentals is warranted.

Key Numbers

• 2,900,000 — Shares Beneficially Owned (This is the total number of Common Stock shares of MeiraGTx Holdings plc owned by Adage Capital Partners, L.P. as of December 31, 2023.)
• 5.0% — Percentage of Class (This represents the percentage of MeiraGTx Holdings plc's Common Stock beneficially owned by Adage Capital Partners, L.P., indicating a reduction in their stake.)

Key Players & Entities

• Adage Capital Partners, L.P. (company) — the reporting person reducing its stake
• MeiraGTx Holdings plc (company) — the issuer whose shares are being reported
• 2,900,000 (dollar_amount) — number of shares beneficially owned by Adage Capital Partners, L.P.
• 5.0% (dollar_amount) — percentage of class beneficially owned by Adage Capital Partners, L.P.
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• MeiraGTx Holdings plc's stock price may experience downward pressure due to the reduction in institutional ownership. (MeiraGTx Holdings plc) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.00003881 — me of Issuer) Common Stock, par value $0.00003881 per share (Title of Class of Securitie

Filing Documents

• p24-0383sc13ga.htm (SC 13G/A) — 92KB
• 0000902664-24-001180.txt ( ) — 93KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is MeiraGTx Holdings plc (the “ Company ”).

(b)

Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: The Company’s principal executive offices are located at 450 East 29 th St, 14 th Floor, New York, NY 10016.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by: (i) Adage Capital Partners, L.P., a Delaware limited partnership (“ ACP ”) with respect to the Common Stock directly owned by it; (ii) Adage Capital Partners GP, L.L.C., a limited liability company organized under the laws of the State of Delaware (“ ACPGP ”), as general partner of ACP with respect to the Common Stock directly owned by ACP; (iii) Adage Capital Management, L.P., a Delaware limited partnership (“ ACM ”), as the investment manager of ACP, with respect to the Common Stock directly owned by ACP; (iv) Robert Atchinson (“ Mr. Atchinson ”), as (1) managing member of Adage Capital Advisors, L.L.C., a limited liability company organized under the laws of the State of Delaware (“ ACA ”), managing member of ACPGP and (2) managing member of Adage Capital Partners LLC, a Delaware limited liability company (“ ACPLLC ”), general partner of ACM, with respect to the Common Stock directly owned by ACP; and (v) Phillip Gross (“ Mr. Gross ”), as (1) managing member of ACA, managing member of ACPGP and (2) managing member of ACPLLC, general partner of ACM, with respect to the Common Stock directly owned by ACP. The foregoing persons are hereinafter sometimes collectively referred to as the “ Reporting Persons .” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 200 Clarendon Street, 52nd Floor, Boston, Massachusetts 02116.

(c)

Item 2(c). CITIZENSHIP: ACP and ACM are limited partnerships organized under the laws of the State of Delaware. ACPGP is a limited liability company organized under the laws of the State of Delaware. Messrs. Gross and Atchinson are citizens of the United States. CUSIP No. G59665102 13G/A Page 8 of 10 Pages

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.00003881 per share (the “ Common Stock ”).

(e)

Item 2(e). CUSIP NUMBER: G59665102 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act; (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance company as defined in Section 3(a)(19) of the Act; (d) Investment company registered under Section 8 of the Investment Company Act of 1940; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Not applicable Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentage set forth in this Schedule 13G/A is calculated based upon 63,597,151 shares of Common Stock outstanding as October 31, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commission on November 14, 2023. Item 5. Not applicable. CUSIP No. G59665102 13G/A Page 9 of 10 Pages Item 6. Not applicable. Item 7. IDENT

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 7, 2024 ADAGE CAPITAL PARTNERS, L.P. By: Adage Capital Partners GP, L.L.C., its general partner By: Adage Capital Advisors, L.L.C., its managing member /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member ADAGE CAPITAL PARTNERS GP, L.L.C. By: Adage Capital Advisors, L.L.C., its managing member /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member ADAGE CAPITAL MANAGEMENT, L.P. By: Adage Capital Partners LLC, its general partner /s/ Robert Atchinson Name: Robert Atchinson Title: Managing Member /s/ Robert Atchinson ROBERT ATCHINSON, individually /s/ Phillip Gross PHILLIP GROSS, individually

View Full Filing

View this SC 13G/A filing on SEC EDGAR