Summary by Futu AI
On February 6, 2024, a Schedule 13G filing was made with the United States Securities and Exchange Commission by Lind Global Fund II LP, Lind Global Partners II LLC, and Jeff Easton, collectively referred to as the Reporting Persons, indicating a significant ownership stake in Cingulate Inc. The filing, which is a requirement under the Securities Exchange Act of 1934 for certain ownership thresholds, reveals that the Reporting Persons collectively own 282,000 shares of Cingulate Inc.'s common stock, representing 9.9% of the company's class of securities. This ownership includes 282,000 shares of common stock and various warrants, although the exercise of these warrants is limited to prevent ownership exceeding the reported amount. The Reporting Persons have sole voting and dispositive power over these shares. The principal business office for the Reporting Persons is located at 444 Madison Ave, Floor 41, New York, NY 10022. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Cingulate Inc. and were not held in connection with any transaction having that purpose or effect.