Monitor for any future conversion of this 13G to a 13D, which would signal activist intent. The stake is significant for a SPAC, suggesting conviction in the de-SPAC target or sponsor, but the passive filing indicates no near-term catalyst.
Price Chart
Executive Summary
Deep Track Capital, LP filed a Schedule 13G disclosing a passive 8.97% stake in Frazier Life Sciences Acquisition Corp. II, a SPAC. The stake consists of 700,000 Class A ordinary shares, held primarily through the Deep Track Biotechnology Master Fund, Ltd. (6.45%) and Deep Track Special Opportunities Fund, LP (2.52%). As a passive filing with no intent to influence control, this is a routine disclosure for a SPAC with a notable but not transformative position.
Key Financial Metrics
Key Facts
- Deep Track Capital, LP disclosed beneficial ownership of 700,000 Class A ordinary shares of Frazier Life Sciences Acquisition Corp. II.
- The stake represents 8.97% of the 7,800,000 Class A ordinary shares outstanding as of October 15, 2026.
- Deep Track Biotechnology Master Fund, Ltd. holds 503,090 shares (6.45%), and Deep Track Special Opportunities Fund, LP holds 196,910 shares (2.52%).
- The filing is made under Rule 13d-1(c), confirming passive intent with no control influence.
- The filing date is October 21, 2026, with the acquisition date noted as October 14, 2026.
Financial Impact
8.97% passive stake in a SPAC; no transaction value disclosed in the filing.
Risk Factors
- Passive stake could convert to activist if Deep Track Capital changes intent, potentially leading to pressure on the SPAC's merger timeline or terms.
- SPACs face inherent risks of failing to complete a business combination, which could lead to liquidation and loss of investment.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001172661-26-004630 |
| Document: 0001172661-26-004630-index.html | 0001172661-26-004630 |
| Document: 0001172661-26-004630.txt | 0001172661-26-004630 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $10.30 | awaiting T+5 | — | $10.26 (−0.44%) |
Oct 22, 2026 4d ago | SC 13G | $10.30 | awaiting T+5 | — | $10.26 (−0.44%) |
Oct 21, 2026 5d ago | SC 13D | $10.27 | awaiting T+5 | — | $10.26 (−0.15%) |
Oct 21, 2026 5d ago | SC 13G | $10.27 | awaiting T+5 | — | $10.26 (−0.15%) |
Oct 21, 2026 5d ago | SC 13G | $10.27 | awaiting T+5 | — | $10.26 (−0.15%) |
Oct 16, 2026 11d ago | SC 13G | $10.35 $10.30 | ▼ −0.48% | ▼ −0.05% | $10.26 (−0.92%) |
Oct 15, 2026 11d ago | Insider Buy | $10.35 $10.30 | ▼ −0.48% | ▼ −0.05% | $10.26 (−0.92%) |
Oct 15, 2026 11d ago | 8-K | $10.35 $10.30 | ▼ −0.48% | ▼ −0.05% | $10.26 (−0.92%) |
Oct 14, 2026 12d ago | 424B4 | $10.49 $10.27 | ▼ −2.10% | ▼ −1.08% | $10.26 (−2.24%) |
Oct 14, 2026 13d ago | EFFECT | $10.29 $10.30 | ▲ +0.10% | ▼ −0.36% | $10.26 (−0.34%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers