Summary by Futu AI
On February 26, 2024, an amendment to the Schedule 13D filing was made with the United States Securities and Exchange Commission by Peter J. Werth and Werth Family Investment Associates LLC, reporting a significant ownership stake in Cingulate Inc. The amendment, identified as Amendment No. 9, updates previous filings with new ownership details. Peter J. Werth is reported to beneficially own 1,171,055 shares of Cingulate Inc.'s common stock, which represents 19.95% of the company's class of securities. This ownership includes direct holdings, stock options, and warrants. Werth Family Investment Associates LLC, where Werth serves as Manager, is reported to beneficially own 1,169,287 shares, or 19.92% of the class. The reported ownership percentages are based on 4,839,471 shares of common stock outstanding as of February 27, 2024. The filing also reflects the 1-for-20 reverse stock split of Cingulate Inc.'s common stock that took effect on November 30, 2023. The filing emphasizes that, except for the shares and interests disclosed, no other transactions in the company's securities took place in the sixty days preceding the filing date.