John Paul DeJoria holds 9.4% of Telomir (TELO) common stock
Rhea-AI Filing Summary
Telomir Pharmaceuticals, Inc. shareholder John Paul DeJoria, as trustee of the John Paul DeJoria Family Trust and in his individual capacity, reports beneficial ownership of 3,245,000 shares of common stock, representing 9.438% of the class. He has sole power to vote and dispose of all these shares, with no shared voting or dispositive power. The filing states that the securities were not acquired and are not held for the purpose of changing or influencing control of Telomir, indicating a passive investment intent under the Schedule 13G framework.
Positive
- None.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership stake does John Paul DeJoria report in Telomir (TELO)?
John Paul DeJoria reports beneficial ownership of 3,245,000 Telomir shares, representing 9.438% of the company’s common stock. This sizeable stake gives him notable exposure to Telomir while remaining below typical 10% thresholds that can trigger additional regulatory obligations.
Is John Paul DeJoria’s Telomir (TELO) stake intended to influence control of the company?
The filing states the securities were not acquired or held to change or influence control of Telomir. This language aligns with a passive investment approach under Schedule 13G rather than an activist or control-seeking position.
In what capacity is John Paul DeJoria reporting his Telomir (TELO) holdings?
He reports in a dual capacity as trustee of the John Paul DeJoria Family Trust and in his individual capacity. Together, these positions account for the disclosed 3,245,000 Telomir common shares beneficially owned.
What type of securities does John Paul DeJoria hold in Telomir (TELO)?
The filing identifies the securities as Telomir Pharmaceuticals, Inc. common stock, no par value, with CUSIP 87975F104. All ownership, voting power, and dispositive power figures in the filing relate to this class of common shares.