Rise Gold: Abdiel 3/A notes 19.99% blocker on 14,791,440 warrants
Rhea-AI Filing Summary
Rise Gold Corp. (RYES): Abdiel-affiliated reporting persons filed an amended Form 3 to add additional reporting owners and restate holdings. They report indirect beneficial ownership of 14,791,440 shares of Common Stock by funds they manage. The funds also hold Warrants to purchase 14,791,440 shares at $0.45, exercisable from 10/24/2025 until 10/24/2028, subject to a 19.99% Beneficial Ownership Blocker. As of this filing, the Warrants are exercisable for 3,647,267 and 7,939,555 shares by the two funds.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents 4,656,007 shares held by Abdiel Investments LP and 10,135,433 shares held by Investment Group of Abdiel LP. The securities reported herein are held by Abdiel Investments LP and Investment Group of Abdiel LP (together, the "Funds"). Abdiel Capital Advisors, LP is the investment manager of the Funds. Abdiel Investments GP LLC is the general partner of Abdiel Investments LP. Investment Group of Abdiel GP LLC is the general partner of Investment Group of Abdiel LP. Colin T. Moran is the managing member of Abdiel Investments GP LLC, Investment Group of Abdiel GP LLC and Abdiel Capital Management, LLC, which is the general partner of Abdiel Capital Advisors, LP. By virtue of the foregoing relationships, each of the Reporting Persons may be deemed to beneficially own the securities held by the Funds. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of its or his pecuniary interest therein. The warrants to purchase Comon Stock held by the Funds (the "Warrants") are subject to a beneficial ownership limitation such that the Warrants are exercisable by a holder only to the extent the holder (collectively with certain other parties, the "Attribution Parties") would not beneficially own more than 19.99% of the total number of shares of Common Stock then issued and outstanding immediately after giving effect to such exercise (the "Beneficial Ownership Blocker"). Represents 4,656,007 Warrants held by Abdiel Investments LP and 10,135,433 Warrants held by Investment Group of Abdiel LP. In accordance with the Beneficial Ownership Blocker, as of the date of this filing the Warrants held by Abdiel Investments LP can only be exercised for 3,647,267 shares of Common Stock and the Warrants held by Investment Group of Abdiel LP can only be exercised for 7,939,555 shares of Common Stock.
FAQ
What did Abdiel disclose in the amended Form 3 for RYES?
They added additional reporting owners and restated holdings, showing indirect ownership of 14,791,440 common shares and Warrants for 14,791,440 shares at $0.45.
What are the terms of the reported RYES warrants?
Warrants to purchase 14,791,440 shares at an exercise price of $0.45, exercisable from 10/24/2025 to 10/24/2028.
Is there a beneficial ownership cap on exercising the warrants?
Yes. A 19.99% Beneficial Ownership Blocker limits exercises that would exceed that ownership level.
What is the reporting persons’ relationship to Rise Gold (RYES)?
They are listed as Director and 10% Owner, with holdings reported as indirect by funds.
Which entities hold the securities?
Abdiel Investments LP holds 4,656,007 shares and related Warrants; Investment Group of Abdiel LP holds 10,135,433 shares and related Warrants.