A Schedule 13G filed on November 12, 2026, by MJL Manager LLC, Michael Liu, and Capuchin Capital Fund LP discloses a combined beneficial ownership of 159,378 shares of GRI Bio, Inc. common stock, representing 7.3% of the class, as of a triggering event dated November 5, 2026.

Key Highlights

  • Three reporting persons: MJL Manager LLC, Michael Liu, and Capuchin Capital Fund LP each report beneficial ownership of 159,378 shares of GRI Bio, Inc. common stock.
  • Ownership percentage: Each reporting person represents their stake as 7.3% of the class.
  • No sole voting or dispositive power: All 159,378 shares are held with shared voting power and shared dispositive power; sole voting and sole dispositive power are each reported as 0.
  • Relationship structure: According to the filing, MJL Manager LLC is the general partner of Capuchin Capital Fund LP, and Michael Liu is the sole control person of MJL Manager LLC.
  • Triggering event date: The date of the event requiring this filing is stated as November 5, 2026.
  • Passive intent certification: The filing includes a certification that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

Capuchin Capital Fund LP's Reported Position in GRI Bio Common Stock

According to the Schedule 13G filed with the SEC on November 12, 2026, three affiliated reporting persons, MJL Manager LLC, Michael Liu, and Capuchin Capital Fund LP, jointly disclosed beneficial ownership of 159,378 shares of GRI Bio, Inc. (NASDAQ:GRI) common stock, par value $0.0001 per share (CUSIP 3622AW502). The filing states that the event triggering the disclosure occurred on November 5, 2026. The issuer's principal executive offices are listed as 2223 Avenida de la Playa, Suite 208, La Jolla, California, 92037.

The filing describes the organizational structure of the reporting group: MJL Manager LLC, a New Jersey entity, serves as the general partner of Capuchin Capital Fund LP, a Delaware limited partnership. Michael Liu, a United States individual, is identified as the sole control person of MJL Manager LLC and, in that capacity, holds authority to direct the voting and disposition of the shares held by Capuchin Capital Fund LP. All three reporting persons list their business address as 12 Manley Road, Pennington NJ 08534.

All 159,378 shares reported by each person are held with shared voting power and shared dispositive power, with no sole voting or dispositive power reported by any of the three. The filing states that the reporting of shared power "shall not be construed as an admission that they are the beneficial owner of shares beneficially owned by the other," and each person "expressly disclaims beneficial ownership except to the extent of such person's actual pecuniary interest therein." The signatories certified the statement on November 12, 2026, with Michael Liu signing in his capacity as Managing Member for both MJL Manager LLC and Capuchin Capital Fund LP, and as an individual.

What Was Disclosed

MJL Manager LLC, Michael Liu, and Capuchin Capital Fund LP filed a Schedule 13G disclosing aggregate beneficial ownership of 159,378 shares of GRI Bio, Inc. common stock, equal to 7.3% of the class, with all voting and dispositive power held on a shared basis as of November 5, 2026.