Weiss Asset Management LP, WAM GP LLC, and Andrew M. Weiss filed a Schedule 13G with the SEC on November 12, 2026, disclosing aggregate beneficial ownership of 4,063,438 shares of McEwen Inc. common stock, representing 6.2% of the class as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: 4,063,438 shares of McEwen Inc. common stock, no par value, reported by all three filers.
  • Percent of class: 6.2%, calculated on a base of 65,387,022 shares.
  • Share composition: 34,982 shares of common stock held directly, plus 4,028,456 shares issuable upon conversion of convertible senior unsecured notes due 2030.
  • Voting and dispositive power: All 4,063,438 shares are held with shared voting and shared dispositive power; sole voting and sole dispositive power are each reported as zero.
  • Triggering event date: September 30, 2026, as stated in the filing.
  • Filers: Weiss Asset Management LP (investment adviser), WAM GP LLC (holding company, sole general partner of Weiss Asset Management), and Andrew M. Weiss, Ph.D. (managing member of WAM GP), all based in Boston, Massachusetts.

Weiss Asset Management's Position in McEwen Inc. Common Stock

According to the Schedule 13G filing, Weiss Asset Management LP serves as the sole investment manager to a private investment partnership and a private investment fund, referred to collectively as the "Funds." WAM GP LLC is the sole general partner of Weiss Asset Management, and Andrew M. Weiss, Ph.D. is the managing member of WAM GP. The filing states that shares reported for WAM GP, Andrew Weiss, and Weiss Asset Management include shares beneficially owned by the Funds.

The filing discloses that the 4,063,438 aggregate shares consist of 34,982 shares of common stock, no par value, and 4,028,456 shares of common stock issuable to the reporting persons upon conversion of convertible senior unsecured notes due 2030 (the "Convertible Notes"). The percent of class computation is based on 65,387,022 total shares, derived from 61,358,566 shares of common stock as of August 5, 2026, as reported in McEwen Inc.'s Form 10-Q filed with the SEC on August 5, 2026, plus the 4,028,456 shares issuable upon conversion of the Convertible Notes.

The filing also states that "each of WAM GP, Weiss Asset Management, and Andrew Weiss disclaims beneficial ownership of the shares reported herein as beneficially owned by each except to the extent of their respective pecuniary interest therein." The filers certified that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Three affiliated reporting persons, Weiss Asset Management LP, WAM GP LLC, and Andrew M. Weiss, disclosed a combined 4,063,438 shares, or 6.2%, of McEwen Inc. common stock via Schedule 13G, with the position largely composed of shares underlying convertible notes due 2030.