Avenir reports 8.3% Cytosorbents (CTSO) ownership stake in 13G/A
Rhea-AI Filing Summary
Avenir Corporation and James H. Rooney report significant ownership in Cytosorbents Corp. They disclose beneficial ownership of 5,230,099 shares of Cytosorbents common stock, representing about 8.3% of the outstanding class.
The filing states they share voting and dispositive power over these shares. Avenir is described as a Virginia-based investment adviser, and Rooney is its portfolio manager and shareholder. They certify the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of Cytosorbents.
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FAQ
How much of Cytosorbents Corp (CTSO) do Avenir and James H. Rooney own?
Avenir Corporation and James H. Rooney report beneficial ownership of 5,230,099 Cytosorbents common shares, representing about 8.3% of the class. This stake gives them shared voting and shared dispositive power over those shares, according to the Schedule 13G/A amendment.
Who are the reporting persons in the Cytosorbents (CTSO) Schedule 13G/A filing?
The reporting persons are Avenir Corporation and James H. Rooney. Avenir is a Virginia corporation and registered investment adviser, while Rooney is Avenir’s portfolio manager and a shareholder, with both reporting shared voting and dispositive power over the same block of Cytosorbents shares.
What percentage of Cytosorbents (CTSO) common stock is reported as owned?
The Schedule 13G/A states that 5,230,099 Cytosorbents common shares are beneficially owned, representing approximately 8.3% of the outstanding class. This level of ownership requires public disclosure under beneficial ownership rules once it exceeds five percent.
Do Avenir and James H. Rooney intend to control Cytosorbents Corp (CTSO)?
They certify the securities were acquired and are held in the ordinary course of business, not to change or influence control of Cytosorbents. The filing also notes they are not participating in any transaction designed to affect control, other than limited nomination-related activities referenced in regulations.
Where are Avenir and Cytosorbents (CTSO) based according to the filing?
Cytosorbents’ principal executive offices are listed at 305 College Road East, Princeton, New Jersey 08540. Avenir’s principal business office is given as 277 South Washington Street, Suite 350, Alexandria, Virginia 22314, reflecting the locations tied to issuer and reporting person.