Luther King Capital Reports 4.0% Holding in scPharmaceuticals (SCPH)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
scPharmaceuticals Inc. had a Schedule 13G filing showing that Luther King Capital Management Corporation and J. Luther King, Jr. each report beneficial ownership of 2,128,391 shares, representing 4.0% of the outstanding common stock. The filing reports that the reporting persons have sole voting and sole dispositive power over these shares and that the holdings were acquired and are held in the ordinary course of business, not to influence control of the issuer. The filing classifies the institutional filer as an investment adviser/controller and confirms no shared voting or dispositive power and no group or 5%+ ownership status.
Positive
- Institutional position of 2,128,391 shares equals 4.0% ownership
- Sole voting and dispositive power reported for the full share amount
Negative
- Stake remains under 5% (4.0%), limiting formal influence on corporate control
- No shared voting power suggests concentration of authority but also no coalition disclosed
FAQ
What stake did Luther King Capital Management report in scPharmaceuticals (SCPH)?
They reported beneficial ownership of 2,128,391 shares, representing 4.0% of common stock.
Is the reported SCPH position intended to change control of the company?
No. The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Do the reporting persons form a group or hold more than 5% of SCPH?
No. The filing indicates no group and the reported ownership is under the 5% threshold at 4.0%.
Who are the reporting persons named in the Schedule 13G/A for SCPH?
The reporting persons are Luther King Capital Management Corporation and J. Luther King, Jr. (the latter signing as President).