HBM Healthcare Investments elected to exercise pre-funded warrants tied to its voting obligations in Chemomab Therapeutics, reporting beneficial ownership of 80,971,680 ordinary shares, equal to 12.5%. The move matters because the Warrant election is expressly intended to effectuate HBM’s obligations under the Shareholder Support Agreement.
Key Highlights
- Each American Depositary Share held by HBM represents 80 Chemomab ordinary shares.
- Voting and Investment power over HBM’s position rests with its board of directors.
- HBM sent Chemomab formal notice of the warrant election on September 7, 2026.
HBM Healthcare Investments (Cayman) Ltd. reports beneficial ownership of 80,971,680 ordinary shares in Chemomab Therapeutics Ltd. (NASDAQ: CMMB), representing 12.5% of the company’s ordinary shares.
HBM’s Ownership Structure
HBM holds American Depositary Shares, with each ADS representing 80 ordinary shares of Chemomab. The underlying ordinary shares carry no par value, and beneficial ownership is reported using those ordinary shares rather than the ADSs. Voting and investment authority over the ordinary shares represented by HBM’s ADSs is exercised by HBM’s board. None of the directors has individual voting or investment power over the represented ordinary shares.
Warrant Election Tied to Support Agreement
HBM sent formal notice to Chemomab on September 7, 2026, regarding its election to exercise the pre-funded warrants. The ownership statement was signed by Jean-Marc LeSieur, HBM’s managing director, on September 9, 2026.
FAQs
Q: What is HBM Healthcare Investments’ stake in Chemomab Therapeutics?
A: HBM reports beneficial ownership of 80,971,680 Chemomab ordinary shares. That position represents 12.5% beneficial ownership, reported in ordinary shares rather than American Depositary Shares.
Q: Why is HBM exercising Chemomab pre-funded warrants?
A: HBM states that it elected to exercise the pre-funded warrants to effectuate its voting obligations under the Shareholder Support Agreement. The filing identifies those voting obligations as the stated purpose of the election.
Q: How are HBM’s Chemomab ADS holdings counted?
A: Each HBM American Depositary Share represents 80 Chemomab ordinary shares. Beneficial ownership is reported using the underlying ordinary shares rather than ADSs.
Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research Reports
Disclaimer:
Kalkine Equities LLC, with Delaware File Number 4697384, Foreign Qualification Registration in California File Number 202109211078, and Texas File Number 805521396, is authorized to provide general advice only. The information on https://kalkine.com/ does not take into account any of your investment objectives, financial situation or needs. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. The link to our Terms and Conditions and Privacy Policy has been provided for your reference. On the date of publishing the reports (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.