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SC 13D ·Filed Oct 21, 2026
FL

FLSC

Frazier Life Sciences Acquisition Corp. II
NEUTRAL
Impact 2/10
Horizonmonths Processed4d 17h ago SEC0001193125-26-428005
Activist investor acquires 5%+ stake
Actionable Insight • Neutral

This is a standard sponsor 13D filed after a SPAC IPO. No activist campaign or governance challenge is present. Monitor for the initial business combination announcement, which will trigger the forward purchase agreement and conversion of Class B shares.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+1d ⚠ clustered
FLSC ▲ +0.29% at T+1d
NEUTRAL call +0.29% · α vs SPY +0.81% · entry $10.27 → $10.30
Next anchor: T+5d tomorrow
Entry = T+0 close
Oct 21, 2026
via day close
T+1d
+0.29%
call +0.29% · α +0.81%
$10.30
settled 4d ago
T+5d
Pending
tomorrow
T+20d
Pending
in 23d
T+60d
Pending
in 3mo

Price Chart

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Executive Summary

Frazier Life Sciences Holdings II LLC (the sponsor) filed a Schedule 13D disclosing beneficial ownership of 1,983,749 ordinary shares (20.5%) of Frazier Life Sciences Acquisition Corp. II, a blank-check SPAC. The filing is a routine post-IPO disclosure of sponsor and insider holdings, with no activist intent or demands for change.

Key Financial Metrics

Stake
20.5%
Investor
Frazier Life Sciences Holdings II LLC

Key Facts

  • Sponsor holds 1,983,749 ordinary shares (300,000 Class A + 1,683,749 Class B), representing 20.5% of 9,675,000 outstanding shares post-IPO
  • Sponsor acquired 300,000 Class A private placement shares at $10.00/share for $3,000,000 total
  • Sponsor originally held 2,156,250 Class B shares acquired for $25,000; transferred 195,190 to directors/officers and forfeited 277,311
  • Frazier Life Sciences Public Fund committed to purchase minimum 2,500,000 Class A shares ($25,000,000) at business combination closing via Forward Purchase Agreement
  • Reporting persons reserve right to acquire or dispose of additional shares; no current plans for board changes, mergers, or other extraordinary actions

Financial Impact

Sponsor holds 20.5% stake; private placement of $3,000,000 at $10.00/share; forward purchase commitment of $25,000,000

ownershipdilution

Risk Factors

  • SPAC may fail to identify or complete a qualifying business combination within required timeframe
  • Forward purchase agreement creates downside protection but also potential for forced liquidation if no deal closes

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
SC 13D Filing (Primary)0001193125-26-428005
Document: 0001193125-26-428005-index.html0001193125-26-428005
Document: 0001193125-26-428005.txt0001193125-26-428005
14 reports for FLSC
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for FLSC — sortable, filterable
TypeNow
Oct 22, 2026
3d ago
8-K
NEUTRAL ★ 2/10
$10.27awaiting T+5—$10.30 (+0.29%)
Oct 22, 2026
3d ago
SC 13G
NEUTRAL ★ 4/10
$10.27awaiting T+5—$10.30 (+0.29%)
Oct 21, 2026
4d ago
SC 13D
NEUTRAL ★ 2/10
$10.27awaiting T+5—$10.30 (+0.29%)
Oct 21, 2026
4d ago
SC 13G
NEUTRAL ★ 4/10
$10.27awaiting T+5—$10.30 (+0.29%)
Oct 21, 2026
4d ago
SC 13G
NEUTRAL ★ 4/10
$10.27awaiting T+5—$10.30 (+0.29%)
Oct 16, 2026
10d ago
SC 13G
NEUTRAL ★ 3/10
$10.35 $10.30▼ −0.48%▼ −0.05%$10.30 (−0.48%)
Oct 15, 2026
10d ago
Insider Buy
BULLISH ★ 5/10
$10.35 $10.30▼ −0.48%▼ −0.05%$10.30 (−0.48%)
Oct 15, 2026
10d ago
8-K
NEUTRAL ★ 4/10
$10.35 $10.30▼ −0.48%▼ −0.05%$10.30 (−0.48%)
Oct 14, 2026
11d ago
424B4
NEUTRAL ★ 5/10
$10.49 $10.27▼ −2.10%▼ −1.08%$10.30 (−1.81%)
Oct 14, 2026
12d ago
EFFECT
NEUTRAL ★ 5/10
$10.29 $10.30▲ +0.10%▼ −0.36%$10.30 (+0.10%)
Showing 10 of 14

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Report published Oct 21, 2026