SenesTech Files Prospectus to Sell 2.26M Common Shares by Selling Shareholders

SenesTech has filed a prospectus to sell 2.26 million shares of common stock by selling shareholders. The company will not receive any proceeds from the sale, as it is solely conducted by the selling shareholders. This filing is not an offer to sell the securities.

SenesTech (NASDAQ: SNES) has filed a prospectus to sell 2.26 million shares of common stock, with the sale to be conducted solely by the selling shareholders. The company will not receive any proceeds from the sale, as stated in the filing [1]. This transaction is not an offer to sell the securities.

The filing, submitted on July 02, 2025, outlines that the sale is being conducted by the selling shareholders and not by the company itself. This type of transaction is common in scenarios where shareholders choose to sell their shares directly, without involving the company in the transaction.

The prospectus also provides details about the ownership structure of SenesTech. A recent Schedule 13G/A filing by PFS Cap Mgt Co and PFS Trust reveals that they collectively own 340,000 shares, representing 9.99% of the company's common stock [2]. The position includes 120,000 shares that are issuable upon the exercise of warrants held by the Trust, but these warrants are subject to a 9.99% exercise blocker.

The filing indicates that the reported power is shared voting and dispositive power over the 340,000 shares, with no sole voting or dispositive power reported. This disclosure is a routine but material ownership report, clarifying the ownership boundaries and voting authority without indicating an intent to control the issuer.

References:
[1] https://seekingalpha.com/news/4486253-senestech-files-to-sell-226m-shares-of-common-stock-by-selling-shareholders
[2] https://www.stocktitan.net/sec-filings/SNES/schedule-13g-a-senes-tech-inc-sec-filing-5aa82ab9c5f5.html