Summary by Futu AI
On August 16, 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 5.68% and 5.67% ownership respectively in Cingulate Inc.'s common stock. The filing, known as Amendment No. 16, updates previous disclosures and reflects the ownership of 98,242 shares by Mr. Werth and 98,029 shares by Werth Associates. The reported ownership percentages are based on 1,729,419 shares of Cingulate Inc.'s common stock outstanding as of the filing date. This ownership includes direct shares, stock options, and warrants. The filing also notes two reverse stock splits of Cingulate Inc.'s shares, which occurred on November 30, 2023, and August 9, 2024. Peter J. Werth, serving as the Manager for Werth Associates, has signed the filing, which includes a disclaimer of beneficial ownership of the reported securities except to the extent of his pecuniary interest.