Summary by Futu AI
On August 28, 2024, Peter J. Werth and Werth Family Investment Associates LLC filed an amendment to their Schedule 13D with the SEC, indicating a change in their ownership stake in Cingulate Inc. The amendment, identified as Amendment No. 17, reports that Peter J. Werth may be deemed to beneficially own 98,242 shares of Cingulate Inc.'s common stock, which represents 4.51% of the company. Werth Family Investment Associates LLC is reported to beneficially own 98,029 shares, or 4.50% of the common stock. The filing reflects the company's stock count after two reverse stock splits, a 1-for-20 split on November 30, 2023, and a 1-for-12 split on August 9, 2024. The amendment serves as an exit filing for the reporting persons, indicating they no longer hold more than five percent of the issued and outstanding shares of Cingulate Inc.'s common stock as of the filing date.