Summary by Futu AI
On August 27, 2024, Mangoceuticals, Inc. experienced a significant change in its shareholder structure, as detailed in the latest Schedule 13D/A filing with the United States Securities and Exchange Commission. Jacob D. Cohen, a major shareholder, reported a transfer of 800,000 shares of common stock to The Tiger Cub Trust, an entity he controls, without any consideration. This amendment, identified as Amendment No. 3, supplements previous filings made on May 3, 2023, January 2, 2024, and June 5, 2024. Following this gifting of shares, Jacob D. Cohen and The Tiger Cub Trust collectively hold an aggregate of 10,825,000 shares, representing 34.2% of the company's issued common stock. The Tiger Cub Trust alone holds 9,075,000 shares, accounting for 30.3% of the common stock. The filing also notes that Cohen has sole voting and dispositive power over 1,750,000 shares, which includes shares issuable upon the exercise of vested options. The total number of common shares outstanding as confirmed by Mangoceuticals' transfer agent is 29,905,803.