Summary by Futu AI
On May 23, 2024, an amendment to the Schedule 13D filing was made with the United States Securities and Exchange Commission by Peter J. Werth and Werth Family Investment Associates LLC, reporting a significant ownership stake in Cingulate Inc. The amendment, identified as Amendment No. 11, updates previous filings with new ownership details. Peter J. Werth is reported to beneficially own 1,178,108 shares of Cingulate Inc.'s common stock, which accounts for 18.13% of the company's class of securities. This ownership includes direct holdings as well as options and warrants. Werth Family Investment Associates LLC, where Peter J. Werth serves as Manager, is reported to beneficially own 1,176,340 shares, representing 18.10% of the class. The reported ownership percentages are based on 6,498,661 shares of common stock outstanding as of the reporting date, reflecting a 1-for-20 reverse stock split effective November 30, 2023. The filing emphasizes that, except for the shares and interests reported, no other transactions in the company's securities were made by the reporting persons in the sixty days preceding the filing date.