Director-Affiliated Fund Discloses 9.8% Stake in Mobia Medical Post-IPO, Including $27.5M in IPO Purchases
MOBI is trading near its 52-week low of $11.11 (9.0% above the low).
Summary
A Schedule 13D filing shows that Longitude Capital, a group including director Patrick G. Enright, now beneficially owns 9.8% of Mobia Medical, Inc. common stock, having invested $27.5 million in the company's recent IPO at $15.00 per share.
Key Events · Ownership and Investor Activity · MOBI
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Significant Post-IPO Stake
Longitude Capital, a group including director Patrick G. Enright, disclosed a 9.8% beneficial ownership stake in Mobia Medical, Inc. following the company's Initial Public Offering on May 11, 2026.
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Substantial IPO Investment
The Longitude Capital group purchased 1,833,332 shares of common stock in the IPO at $15.00 per share, totaling approximately $27.5 million. This investment was made at a premium to the current market price of $12.11.
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Director Affiliation
Patrick G. Enright, a member of Mobia Medical's board of directors, is a managing member of the entities within the Longitude Capital group, linking this significant investment directly to company leadership.
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Lock-Up Agreement
The reporting persons, including the Longitude Capital entities and individuals, have entered into lock-up agreements preventing the sale or transfer of their shares for 180 days following the IPO.
Analysis · MOBI · Industrial Applications And Services
This Schedule 13D filing reveals that Longitude Capital, a group affiliated with director Patrick G. Enright, has acquired a 9.8% beneficial ownership stake in Mobia Medical following its recent IPO. The group made substantial purchases totaling $27.5 million in the IPO at $15.00 per share. This significant investment by a director-affiliated entity, especially at a price higher than the current market price, signals strong conviction in the company's future prospects shortly after its public debut. The disclosure provides a comprehensive view of the institutional investment by this group, complementing the individual Form 4 filings that reported some of these purchases.
At the time of this filing, MOBI was trading at $12.11 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $400.7M. The 52-week trading range was $11.11 to $12.48. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.