Summary by Moomoo AI
Sabby Management, LLC, Sabby Volatility Warrant Master Fund, Ltd., and Hal Mintz have jointly acquired a 9.9% stake in Universe Pharmaceuticals INC, as reported in a Schedule 13G filing dated January 3, 2025. The group collectively owns 727,190 ordinary shares of the company.The filing indicates shared voting and dispositive power over these shares among the reporting persons. Sabby Management, LLC is based in Florida, USA, while Sabby Volatility Warrant Master Fund, Ltd. is incorporated in the Cayman Islands. Hal Mintz, associated with Sabby Management, is a U.S. citizen.The investors have certified that the securities were not acquired with the purpose of changing or influencing control of Universe Pharmaceuticals. This significant stake acquisition could potentially impact the company's stock dynamics and investor relations.