Bleichroeder group discloses 4.61% CLRB stake in amended ownership filing
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Cellectar Biosciences, Inc. received an updated ownership report from Bleichroeder-related entities on a Schedule 13G/A. Bleichroeder LP, Bleichroeder Holdings LLC and Andrew Gundlach report beneficial ownership of 200,000 common shares, representing 4.61% of the company’s common stock.
The filing notes that Bleichroeder LP, a registered investment adviser, is deemed the beneficial owner because it manages these holdings for various clients. Those clients have the right to receive dividends and sale proceeds. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Cellectar Biosciences.
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FAQ
What percentage of Cellectar Biosciences (CLRB) does Bleichroeder beneficially own?
Bleichroeder is deemed to beneficially own 4.61% of Cellectar Biosciences’ common stock. This percentage reflects 200,000 common shares believed to be outstanding, held for advisory clients rather than for direct corporate control purposes.
Which entities and individuals are listed as reporting persons for CLRB in this Schedule 13G/A?
The Schedule 13G/A lists Bleichroeder LP, Bleichroeder Holdings LLC and Andrew Gundlach as reporting persons. All three report the same 200,000-share position, with sole voting and dispositive power and no shared voting or dispositive authority disclosed.
Does Bleichroeder intend to influence control of Cellectar Biosciences (CLRB)?
The filing states the securities were acquired and are held in the ordinary course of business. It specifically certifies they were not acquired and are not held to change or influence control of Cellectar Biosciences, or in connection with any control-related transaction.
What type of filing did Cellectar Biosciences (CLRB) receive from Bleichroeder?
Cellectar Biosciences received an Amendment No. 1 to Schedule 13G. This updated ownership report reflects Bleichroeder’s 200,000-share, 4.61% beneficial stake in CLRB common shares and confirms the holdings are for ordinary-course investment advisory purposes.