The activist's sustained selling over a month signals waning conviction or a strategic exit. Monitor for further 13D amendments and any change in stated purpose; if selling continues, the stock may face additional downward pressure.
Price Chart
Executive Summary
Bleichroeder LP filed an amended Schedule 13D for MDxHealth SA, disclosing beneficial ownership of 30,571,922 ordinary shares (32.04% of outstanding). The filing reveals a series of open-market sales of approximately 1.1 million shares between September 17 and October 13, 2026, at prices ranging from $0.5104 to $0.6733 per share, indicating the activist is reducing its position.
Key Financial Metrics
Key Facts
- Bleichroeder LP beneficially owns 30,571,922 shares, representing 32.04% of MDxHealth's outstanding shares.
- The aggregate cost of the position is $46,267,320.19.
- Bleichroeder sold approximately 1,076,641 shares in open-market transactions from September 17 to October 13, 2026.
- Sale prices ranged from $0.5104 to $0.6733 per share, with most sales occurring below $0.60.
- The filing is an amendment to the original Schedule 13D filed August 11, 2026.
Financial Impact
Bleichroeder sold ~1.08 million shares for approximately $0.6M–$0.7M total proceeds, reducing its stake from a prior level (not disclosed in this filing) to 32.04%.
Risk Factors
- Continued insider selling could further depress the stock price.
- Reduced activist presence may remove a catalyst for operational or strategic changes.
- The company's small market cap and low liquidity amplify the impact of large block sales.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001420506-26-002323 |
| Document: 0001420506-26-002323-index-headers.html | 0001420506-26-002323 |
| Document: 0001420506-26-002323-index.html | 0001420506-26-002323 |
| Document: 0001420506-26-002323.txt | 0001420506-26-002323 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 6-K | $0.2070 $0.1830 | ▲ +11.59% | ▲ +11.69% | $0.1970 (+4.83%) |
Oct 15, 2026 12d ago | SC 13D/A | $0.2066 $0.1833 | ▲ +11.28% | ▲ +10.85% | $0.1970 (+4.65%) |
Oct 15, 2026 12d ago | Press Release | $0.2066 $0.1833 | ▲ +11.28% | ▲ +10.85% | $0.1970 (+4.65%) |
Sep 17, 2026 5w ago | 144 | $0.6300 $0.5650 | ▲ +10.32% | ▲ +11.59% | $0.1970 (+68.73%) |
Sep 3, 2026 7w ago | 6-K | $0.7484 $0.7072 | ▲ +5.51% | ▲ +4.30% | $0.1970 (+73.68%) |
Aug 13, 2026 10w ago | 6-K | $0.8080 $0.7431 | ▲ +8.03% | ▲ +6.66% | $0.1970 (+75.62%) |
Aug 13, 2026 10w ago | Press Release | $0.8080 $0.7431 | ▼ −8.03% | ▼ −6.66% | $0.1970 (−75.62%) |
Jul 24, 2026 13w ago | 6-K | $0.4180 $0.4180 | · 0.00% | ▲ +1.07% | $0.1970 (+52.87%) |
Jul 2, 2026 16w ago | Press Release | $0.4765 $0.4899 | ▼ −2.81% | ▼ −1.88% | $0.1970 (+58.66%) |
Apr 29, 2026 25w ago | 6-K | $2.04 $2.01 | ▼ −1.47% | ▼ −3.20% | $0.1970 (−90.34%) |
US Market Status
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