Boxer Capital Group Takes 19.9% Stake in Nkarta, Inc.
Ticker: NKTX · Form: SC 13G · Filed: Jan 18, 2024 · CIK: 1787400
| Field | Detail |
|---|---|
| Company | Nkarta, INC. (NKTX) |
| Form Type | SC 13G |
| Filed Date | Jan 18, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, biotech, investment-firm
TL;DR
**Boxer Capital just bought nearly 20% of Nkarta, big bullish signal!**
AI Summary
Boxer Capital, LLC, a Delaware-based investment firm, has reported a significant stake in Nkarta, Inc. (NKTR), a pharmaceutical company, as of January 8, 2024. Boxer Capital, along with its group members Aaron I. Davis, Boxer Asser Management Inc., Joe Lewis, and MVA Investors, LLC, collectively own 10,136,133 shares of Nkarta's common stock, representing 19.9% of the company. This substantial ownership indicates a strong belief in Nkarta's future, which could be a positive signal for current and prospective investors.
Why It Matters
This filing reveals a major institutional investor, Boxer Capital, has taken a significant position in Nkarta, Inc., signaling confidence in the company's prospects and potentially attracting other investors.
Risk Assessment
Risk Level: low — The filing indicates a large institutional investment, which generally reduces risk by showing confidence from sophisticated investors.
Analyst Insight
A smart investor would view this as a strong vote of confidence from a sophisticated investor group and consider further research into Nkarta, Inc.'s fundamentals and pipeline, as this could signal potential for future growth.
Key Numbers
- 19.9% — Percentage of Class (Represents the significant ownership stake Boxer Capital and its group hold in Nkarta, Inc.)
- 10,136,133 — Shares Beneficially Owned (The total number of common shares of Nkarta, Inc. owned by Boxer Capital and its group.)
- January 8, 2024 — Date of Event (The date that triggered the requirement for this SC 13G filing, indicating when the ownership threshold was met.)
Key Players & Entities
- Boxer Capital, LLC (company) — reporting person and investment firm
- Nkarta, Inc. (company) — subject company, pharmaceutical preparations
- Aaron I. Davis (person) — group member of Boxer Capital
- Boxer Asser Management Inc. (company) — group member of Boxer Capital
- Joe Lewis (person) — group member of Boxer Capital
- MVA Investors, LLC (company) — group member of Boxer Capital
- 10,136,133 (dollar_amount) — shares beneficially owned
Forward-Looking Statements
- Nkarta, Inc. may experience increased investor interest and potentially a positive stock price movement due to this significant institutional investment. (Nkarta, Inc.) — medium confidence, target: Q1 2024
- Boxer Capital, LLC may seek to influence Nkarta's strategic decisions given their substantial ownership stake. (Boxer Capital, LLC) — low confidence, target: Q2 2024
FAQ
Who are the specific group members associated with Boxer Capital, LLC in this filing?
The group members associated with Boxer Capital, LLC are Aaron I. Davis, Boxer Asser Management Inc., Joe Lewis, and MVA Investors, LLC, as listed in the 'GROUP MEMBERS' section of the filing.
What percentage of Nkarta, Inc.'s common stock does Boxer Capital, LLC and its group collectively own?
Boxer Capital, LLC and its group collectively own 19.9% of Nkarta, Inc.'s common stock, as stated in the filing under 'PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9'.
What is the CUSIP number for Nkarta, Inc.'s common stock?
The CUSIP number for Nkarta, Inc.'s common stock is 65487U108, as indicated in the 'CUSIP Number' section of the filing.
When was the event that required the filing of this Schedule 13G?
The event that required the filing of this Schedule 13G occurred on January 8, 2024, as specified under 'Date of Event which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box 'Rule 13d-1(c)' in the filing.
Filing Stats: 1,667 words · 7 min read · ~6 pages · Grade level 10.8 · Accepted 2024-01-18 16:31:11
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- ff2925252_sc13g-nkarta.htm (SC 13G) — 190KB
- ff2925252_sc13gex991-nkarta.htm (EX-1) — 18KB
- 0000895345-24-000012.txt ( ) — 210KB
(a)
Item 1. (a) Name of Issuer The name of the issuer is Nkarta, Inc. (the " Issuer ").
(b)
Item 1. (b) Address of Issuer's Principal Executive Offices The Issuer's principal executive offices are located at 1150 Veterans Boulevard, South San Francisco, CA .
(a)
Item 2. (a) Name of Person Filing This Schedule 13G is jointly filed by Boxer Capital, LLC (" Boxer Capital "), Boxer Asset Management Inc. (" Boxer Management "), Joe Lewis, MVA Investors, LLC (" MVA Investors ") and Aaron I. Davis (collectively, the " Reporting Persons "). Boxer Management is the managing member and majority owner of Boxer Capital. Joe Lewis is the sole indirect beneficial owner of and controls Boxer Management. MVA Investors is the independent, personal investment vehicle of certain employees of Boxer Capital. Aaron I. Davis is a member of and has voting and dispositive power over securities held by MVA Investors.
(b)
Item 2. (b) Address of Principal Business Office or, if None, Residence The principal business address of Boxer Capital, MVA Investors and Aaron I. Davis is: 12860 El Camino Real, Suite 300, San Diego, CA 92130. The principal business address of Boxer Management and Joe Lewis is: Cay House, EP Taylor Drive N7776, Lyford Cay, New Providence, Bahamas.
(c)
Item 2. (c) Citizenship Boxer Capital and MVA Investors are limited liability companies organized under the laws of Delaware. Boxer Management is a corporation organized under the laws of the Bahamas. Joe Lewis is a citizen of the United Kingdom. Aaron I. Davis is a citizen of the United States of America.
(d)
Item 2. (d) Title of Class of Securities Common Stock, $0.0001 par value per share (" Common Stock ").
(e)
Item 2. (e) CUSIP Number The CUSIP number for the Common Stock is 65487U108. Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable. Item 4. (a) Amount beneficially owned: Boxer Capital, Boxer Management and Joe Lewis beneficially own 4,407,350 shares of Common Stock. MVA Investors and Aaron I. Davis beneficially own 84,900 shares of Common Stock. The Reporting Persons beneficially own, in the aggregate, 4,492,250 shares of Common Stock. (b) Percent of class: All percentages of beneficial ownership set forth herein are based on 49,072,342 shares of Common Stock reported to be outstanding on November 6, 2023 in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 9, 2023. The number of shares of Common Stock beneficially owned by the Reporting Persons in the aggregate represent 9.2% of the Issuer's outstanding shares of Common Stock. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: None of the Reporting Persons has sole power to vote or to direct the vote of any shares of Common Stock. (ii) Shared power to vote or to direct the vote Boxer Capital, Boxer Management and Joe Lewis have shared power to vote or to direct the vote of 4,407,350 shares of Common Stock. MVA Investors and Aaron I. Davis have shared power to vote or to direct the vote of 84,900 shares of Common Stock. (iii) Sole power to dispose or to direct the disposition of: None of the Reporting Persons has sole power to dispose or to direct the disposition of any shares of Common Stock. (iv) Shared power to dispose or to direct the disposition of Boxer Capital, Boxer Management and Joe Lewis have shared power to dispose or to direct the disposition of 4,407,350 shares of Common Stock. MVA Investors and Aaron I. Davis have shared power to dispose or to direct the disposition of 84,900 sha
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 18, 2024 BOXER CAPITAL, LLC By: /s/ Aaron I. Davis Name: Aaron I. Davis Title: Authorized Signatory BOXER ASSET MANAGEMENT INC. By: /s/ Paul Higgs Name: Paul Higgs Title: Director JOSEPH C. LEWIS /s/ Joseph C. Lewis Joseph C. Lewis, Individually MVA INVESTORS, LLC By: /s/ Aaron I. Davis Name: Aaron I. Davis Title: Authorized Signatory AARON I. DAVIS /s/ Aaron I. Davis Aaron I. Davis, Individually