10% Owner Group Converts $12.7M in Preferred Stock and Notes to Common Shares Post-IPO
MOBI sits 36% above its 52-week low of $10.74.
Summary
A 10% owner group, Green Park & Golf Ventures, converted $12.7 million in preferred stock and convertible notes into common shares for Mobia Medical, Inc. just before its IPO.
Key Events · Ownership and Investor Activity · MOBI
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Significant Conversion to Common Stock
A group of 10% owners, including Green Park & Golf Ventures II, LLC and affiliated entities, converted $12,739,571 worth of preferred stock and convertible notes into common stock.
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Post-IPO Ownership Structure
The conversions occurred on May 11, 2026, immediately prior to the company's Initial Public Offering, representing a structural change in the ownership form for these major investors.
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Large Investor Holdings
The reporting owners collectively acquired 874,370 shares of common stock through these conversions, representing a substantial stake in the company.
Analysis · MOBI · Industrial Applications And Services
This Form 4 reports the conversion of over $12.7 million worth of preferred stock and convertible notes into common stock by a group of 10% owners, Green Park & Golf Ventures, immediately prior to Mobia Medical's IPO. While this is a mechanical conversion rather than a discretionary open-market purchase, it represents a significant amount of stock held by a major investor now in common share form, impacting the company's post-IPO ownership structure.
At the time of this filing, MOBI was trading at $14.57 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $478.1M. The 52-week trading range was $10.74 to $15.29. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.