Summary by Futu AI
On June 5, 2024, Peter J. Werth and Werth Family Investment Associates LLC filed an amendment to their Schedule 13D with the U.S. Securities and Exchange Commission, disclosing a significant stake in Cingulate Inc. The filing, which is an update to previous submissions, reports that Peter J. Werth may be deemed to beneficially own 1,178,108 shares of Cingulate's common stock, representing 17.05% of the company. This ownership includes direct holdings, stock options, and warrants. Werth Family Investment Associates LLC, where Werth serves as Manager, is reported to beneficially own 1,176,340 shares, or 17.02% of the class. The reported ownership percentages are based on 6,909,744 shares of Cingulate's common stock outstanding as of the filing date, reflecting a 1-for-20 reverse stock split effective November 30, 2023. The filing also includes a disclaimer by Werth regarding beneficial ownership of the reported securities, except to the extent of his pecuniary interest.