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北京时间·🕒 发布 04:01:00·⟳ 抓取 04:02:47·⚡ 决策 08-25 04:06:23 +3m36s·63.5 天前
Lakefront披露美国银行合计持有表决权及等同金融工具升至10.11%
本次通知仅披露Bank of America在Lakefront的合计表决权及等同金融工具升至10.11%,主要为金融工具与证券使用权,缺少控制权、收购、融资、经营或药物管线层面的新增事实。
📄 原文GlobeNewswire All Public Companies↗ 原文
Lakefront Receives Transparency Notification from Bank of America
Mechelen, Belgium; August 24, 2026, 22.01 CET; regulated information – Lakefront Biotherapeutics NV (Euronext & NASDAQ:…
不做 Lakefront Biotherapeutics NV(LKFT.US)
不做Lakefront Biotherapeutics NV(LKFT.US):BofA跨越10%主要是等同金融工具和合规披露,直接表决权仅2.15%,未带来控制权、收购、融资或经营增量。
不做 Bank of America Corporation(BAC.US)
不做Bank of America Corporation(BAC.US):该持仓披露对BofA自身收入、资本或市值影响不可量化且极小。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
Lakefront披露BofA跨越10%透明度门槛,但直接表决权只有2.15%,其余主要是Right to Use、Right to Recall和Swaps;这更像合规持仓门槛更新,不改变Lakefront收入、现金、管线或控制权预期,也对BofA自身无量级影响,因此不形成可交易edge。
🔎 新鲜度:最早出现 2026-08-24 · 扩散 low · price-in 风险 low ↗
消息传播链
- 公司以regulated information形式披露BofA于2026-08-18跨越10%透明度门槛。市场反应:发布时NASDAQ常规交易已收盘。
关键理由
- 本次是比利时透明度法规下的大股东持仓披露,非业务合同、临床进展、监管批准、融资或收购要约。
- BofA合计10.11%中直接表决权仅2.15%,主要由等同金融工具构成,不能直接推导为战略买入或控制权变化。
- 事件未带来可量化收入、利润、每股现金流或管线价值增量。
主要风险
- 若后续出现Bank of America或第三方正式收购、主动投资或控制权安排,需重新评估。
- Lakefront自身管线和资本配置事件仍可能驱动股价,但不来自本次透明度通知。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-08-24 · 影响 weakens
未发现BofA战略入股、收购要约或控制权安排;公告理由明确为被视同表决证券的金融工具取得或处置。
检索:Lakefront Bank of America transparency notification 10.11% strategic stake takeover 原文 ↗ - 做多前查反向 · 来源 web · 日期 2026-05-26 · 影响 weakens
此前已有同类BofA透明度通知,本次只是进一步跨越10%门槛,新增幅度和业务含义有限。
检索:Lakefront Bank of America transparency notification prior holding May 2026 原文 ↗ - 做空前查反向 · 来源 filing · 日期 2026-08-24 · 影响 none
本次未披露融资、稀释、减持、处罚、临床失败或经营损害,不能构成强空催化。
检索:Lakefront Bank of America transparency notification dilution financing clinical failure negative 原文 ↗
先例如何影响了这次决策
对本次决策的影响:先例强化本次应回避LKFT交易,而不是把10%门槛当作主动收购或长期资金强买信号。
方向:唯一高相似先例显示这是同一发行人同一金融机构的持仓披露序列,方向不应按战略增持处理。
涨幅量级:缺少足够高相似、锚点干净且可量化的样本校准涨幅;本次没有业务增量,因此不设tp/sl。
形态:样本不足以证明稳定涨跌模式,但透明度通知的机制本身反复显示为合规披露而非经营催化。
历史先例(按相似度)
- 相似度 8/10 LKFT.US 2026-05-26 Lakefront此前披露BofA跨越5%并合计持有较高比例,机制与本次相同。 原文 ↗
事件后 +1日 +0.2% · +2日 +2.4% · +3日 +2.5% · +4日 -0.5% · +5日 -1.4%
相似度依据:同一主体、同一通知义务人、同一透明度门槛披露机制,但当时为5%门槛,本次为10%。
经验:同类通知更像持仓合规披露,不足以单独支撑Lakefront短线基本面交易。 - 相似度 6/10 UMI.BR 2026-08-12 Umicore披露BofA直接表决权及等同金融工具下穿3%门槛。 原文 ↗
机制相似度用于判断披露性质,不用于校准LKFT涨跌幅。
相似度依据:同为比利时透明度法下Bank of America持仓门槛通知,但标的行业、方向和门槛不同。
经验:金融机构因等同金融工具跨越门槛在比利时市场属于常见合规披露,单独方向性较弱。
原文全文
展开原文 · 7,978 字
Mechelen, Belgium; August 24, 2026, 22.01 CET; regulated information – Lakefront Biotherapeutics NV (Euronext & NASDAQ: LKFT) received a transparency notification from Bank of America.
Pursuant to Belgian transparency legislation1, Lakefront received a transparency notification from Bank of America Corporation on August 19, 2026. The notification indicates that Bank of America Corporation, as controlling entity, crossed above the threshold of 10% of Lakefront’ voting rights on August 18, 2026, following the acquisition of Lakefront voting rights and equivalent financial instruments.
On August 19, 2026, Bank of America Corporation (taking into account the holding of its affiliates) owned 1,419,144 voting rights and 5,243,453 equivalent financial instruments, representing together 10.11% of Lakefront’ currently outstanding 65,897,071 shares.
Summary of the transactions:
| Date on which the threshold was crossed | Date of notification | Direct voting rights after the transaction | Equivalent financial instruments after the transaction | Total (%) voting rights |
| August 18, 2026 | August 19, 2026 | 2.15% | 7.96% | 10.11% |
Content of the notification from Bank of America Corporation:
The notification dated August 19, 2026, contains the following information:
• Date of notification: August 19, 2026
• Date on which the threshold is crossed: August 18, 2026
• Threshold of voting rights crossed (in %): 10%
• Notification by: Bank of America Corporation
• Denominator: 65,897,071
• Reason for the notification: Acquisition or disposal of financial instruments that are treated as voting securities
• Notified details:
| A) Voting Rights | Previous notification | After the transaction | |||
| # of voting rights | # of voting rights | % of voting rights | |||
| Holder of voting rights | Linked to securities | Not linked to securities | Linked to securities | Not linked to securities | |
| Bank of America Corporation | 0 | 0 | 0.00% | ||
| Bank of America, National Association | 14,348 | 10,701 | 0.02% | ||
| Merrill Lynch International | 8,234 | 0 | 0.00% | ||
| BofA Securities, Inc. | 600,314 | 1,407,905 | 2.14% | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 462 | 462 | 0.00% | ||
| U.S. Trust Company of Delaware | 76 | 76 | 0.00% | ||
| Subtotal | 623,434 | 1,419,144 | 2.15% | ||
| TOTAL | 1,419,144 | 0 | 2.15% | 0.00% |
| B) Equivalent financial instruments | After the transaction | |||||
| Holder of equivalent financial instruments | Type of financial instrument | Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| Merrill Lynch International | Right to Recall | 262,775 | 0.40% | physical | ||
| Merrill Lynch International | Rights of Use | 34,089 | 0.05% | physical | ||
| BofA Securities, Inc. | Right to Use | 4,757,362 | 7.22% | physical | ||
| Bank of America, National Association | Swaps | 15/10/2027 | 434 | 0.00% | cash | |
| Bank of America, National Association | Swaps | 15/06/2027 | 13,414 | 0.02% | cash | |
| Bank of America, National Association | Swaps | 30/06/2028 | 27 | 0.00% | cash | |
| Bank of America, National Association | Swaps | 31/07/2028 | 3,061 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 15/01/2027 | 13,448 | 0.02% | cash | |
| Merrill Lynch International | Swaps | 30/04/2027 | 134,182 | 0.20% | cash | |
| Merrill Lynch International | Swaps | 30/06/2027 | 213 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 15/06/2027 | 13,414 | 0.02% | cash | |
| Merrill Lynch International | Swaps | 09/09/2027 | 2,933 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 29/01/2027 | 3,741 | 0.01% | cash | |
| Merrill Lynch International | Swaps | 31/03/2027 | 222 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 30/09/2027 | 44 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 26/02/2027 | 4,050 | 0.01% | cash | |
| BofA Securities, Inc. | Swaps | 30/09/2027 | 44 | 0.00% | cash | |
| TOTAL | 5,243,453 | 7.96% |
| TOTAL (A&B) | # of voting rights | % of voting rights |
| 6,662,597 | 10.11% |
The chain of control has been described at the end of the notification (section 11) and can be found here.
About Lakefront® Biotherapeutics
Lakefront Biotherapeutics (formerly known as Galapagos) is a biotechnology company dedicated to building a differentiated pipeline of medicines for patients with serious diseases in areas of high unmet need. The Company has established a clinical-stage portfolio in immunology and inflammation, anchored by gamgertamig, a potential first-in-class and best-in-class BCMAxCD3 T-cell engager for autoimmune diseases. Backed by deep deal-making expertise, operational flexibility, and a strong capital position, Lakefront identifies, acquires, and advances high-quality assets with clear potential to deliver meaningful patient impact and long-term shareholder value. For more information, visit https://www.lakefrontbio.com or follow us on LinkedIn or X.
For further information, contact Lakefront Biotherapeutics:
Investor Relations
Sherri Spear
+1 412 522 6418
sherri.spear@lakefrontbio.com
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “upcoming,” “future,” “estimate,” “may,” “will,” “could,” “would,” “potential,” “forward,” “goal,” “next,” “continue,” “should,” “encouraging,” “aim,” “progress,” “remain,” “explore,” and “further,” as well as similar expressions. These statements include, but are not limited to, statements regarding Lakefront’s plans to repurchase its ordinary shares. Lakefront cautions the reader that forward-looking statements are based on our management’s current expectations and beliefs and are not guarantees of future performance. Forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause actual events, financial condition and liquidity, performance, or achievements, or the industry in which we operate, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. In addition, even if our results, performance, financial condition and liquidity, and the development of the industry in which Lakefront operates are consistent with such forward-looking statements, they may not be predictive of results or developments in future periods. Such risks include, but are not limited to, those risks and uncertainties that can be found in our filings and reports with the Securities and Exchange Commission (“SEC”), including in our most recent annual report on Form 20-F filed with the SEC and our subsequent filings and reports filed with the SEC. Given these risks and uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. In addition, even if the result of our operations, financial condition and liquidity, or the industry in which we operate, are consistent with such forward-looking statements, they may not be predictive of results, performance or achievements in future periods. These forward-looking statements speak only as of the date of publication of this release. We expressly disclaim any obligation to update any such forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions or circumstances, unless specifically required by law or regulation.
1 Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market and regarding miscellaneous provisions, as amended from time to time.
Attachment
Pursuant to Belgian transparency legislation1, Lakefront received a transparency notification from Bank of America Corporation on August 19, 2026. The notification indicates that Bank of America Corporation, as controlling entity, crossed above the threshold of 10% of Lakefront’ voting rights on August 18, 2026, following the acquisition of Lakefront voting rights and equivalent financial instruments.
On August 19, 2026, Bank of America Corporation (taking into account the holding of its affiliates) owned 1,419,144 voting rights and 5,243,453 equivalent financial instruments, representing together 10.11% of Lakefront’ currently outstanding 65,897,071 shares.
Summary of the transactions:
| Date on which the threshold was crossed | Date of notification | Direct voting rights after the transaction | Equivalent financial instruments after the transaction | Total (%) voting rights |
| August 18, 2026 | August 19, 2026 | 2.15% | 7.96% | 10.11% |
Content of the notification from Bank of America Corporation:
The notification dated August 19, 2026, contains the following information:
• Date of notification: August 19, 2026
• Date on which the threshold is crossed: August 18, 2026
• Threshold of voting rights crossed (in %): 10%
• Notification by: Bank of America Corporation
• Denominator: 65,897,071
• Reason for the notification: Acquisition or disposal of financial instruments that are treated as voting securities
• Notified details:
| A) Voting Rights | Previous notification | After the transaction | |||
| # of voting rights | # of voting rights | % of voting rights | |||
| Holder of voting rights | Linked to securities | Not linked to securities | Linked to securities | Not linked to securities | |
| Bank of America Corporation | 0 | 0 | 0.00% | ||
| Bank of America, National Association | 14,348 | 10,701 | 0.02% | ||
| Merrill Lynch International | 8,234 | 0 | 0.00% | ||
| BofA Securities, Inc. | 600,314 | 1,407,905 | 2.14% | ||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 462 | 462 | 0.00% | ||
| U.S. Trust Company of Delaware | 76 | 76 | 0.00% | ||
| Subtotal | 623,434 | 1,419,144 | 2.15% | ||
| TOTAL | 1,419,144 | 0 | 2.15% | 0.00% |
| B) Equivalent financial instruments | After the transaction | |||||
| Holder of equivalent financial instruments | Type of financial instrument | Expiration date | Exercise period or date | # of voting rights that may be acquired if the instrument is exercised | % of voting rights | Settlement |
| Merrill Lynch International | Right to Recall | 262,775 | 0.40% | physical | ||
| Merrill Lynch International | Rights of Use | 34,089 | 0.05% | physical | ||
| BofA Securities, Inc. | Right to Use | 4,757,362 | 7.22% | physical | ||
| Bank of America, National Association | Swaps | 15/10/2027 | 434 | 0.00% | cash | |
| Bank of America, National Association | Swaps | 15/06/2027 | 13,414 | 0.02% | cash | |
| Bank of America, National Association | Swaps | 30/06/2028 | 27 | 0.00% | cash | |
| Bank of America, National Association | Swaps | 31/07/2028 | 3,061 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 15/01/2027 | 13,448 | 0.02% | cash | |
| Merrill Lynch International | Swaps | 30/04/2027 | 134,182 | 0.20% | cash | |
| Merrill Lynch International | Swaps | 30/06/2027 | 213 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 15/06/2027 | 13,414 | 0.02% | cash | |
| Merrill Lynch International | Swaps | 09/09/2027 | 2,933 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 29/01/2027 | 3,741 | 0.01% | cash | |
| Merrill Lynch International | Swaps | 31/03/2027 | 222 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 30/09/2027 | 44 | 0.00% | cash | |
| Merrill Lynch International | Swaps | 26/02/2027 | 4,050 | 0.01% | cash | |
| BofA Securities, Inc. | Swaps | 30/09/2027 | 44 | 0.00% | cash | |
| TOTAL | 5,243,453 | 7.96% |
| TOTAL (A&B) | # of voting rights | % of voting rights |
| 6,662,597 | 10.11% |
The chain of control has been described at the end of the notification (section 11) and can be found here.
About Lakefront® Biotherapeutics
Lakefront Biotherapeutics (formerly known as Galapagos) is a biotechnology company dedicated to building a differentiated pipeline of medicines for patients with serious diseases in areas of high unmet need. The Company has established a clinical-stage portfolio in immunology and inflammation, anchored by gamgertamig, a potential first-in-class and best-in-class BCMAxCD3 T-cell engager for autoimmune diseases. Backed by deep deal-making expertise, operational flexibility, and a strong capital position, Lakefront identifies, acquires, and advances high-quality assets with clear potential to deliver meaningful patient impact and long-term shareholder value. For more information, visit https://www.lakefrontbio.com or follow us on LinkedIn or X.
For further information, contact Lakefront Biotherapeutics:
Investor Relations
Sherri Spear
+1 412 522 6418
sherri.spear@lakefrontbio.com
Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “upcoming,” “future,” “estimate,” “may,” “will,” “could,” “would,” “potential,” “forward,” “goal,” “next,” “continue,” “should,” “encouraging,” “aim,” “progress,” “remain,” “explore,” and “further,” as well as similar expressions. These statements include, but are not limited to, statements regarding Lakefront’s plans to repurchase its ordinary shares. Lakefront cautions the reader that forward-looking statements are based on our management’s current expectations and beliefs and are not guarantees of future performance. Forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause actual events, financial condition and liquidity, performance, or achievements, or the industry in which we operate, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. In addition, even if our results, performance, financial condition and liquidity, and the development of the industry in which Lakefront operates are consistent with such forward-looking statements, they may not be predictive of results or developments in future periods. Such risks include, but are not limited to, those risks and uncertainties that can be found in our filings and reports with the Securities and Exchange Commission (“SEC”), including in our most recent annual report on Form 20-F filed with the SEC and our subsequent filings and reports filed with the SEC. Given these risks and uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. In addition, even if the result of our operations, financial condition and liquidity, or the industry in which we operate, are consistent with such forward-looking statements, they may not be predictive of results, performance or achievements in future periods. These forward-looking statements speak only as of the date of publication of this release. We expressly disclaim any obligation to update any such forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions or circumstances, unless specifically required by law or regulation.
1 Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market and regarding miscellaneous provisions, as amended from time to time.
Attachment
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