---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249423"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:17:11.218043+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma adopts poison pill after Anson/Cable Car accumulate ~19.9% stake

## Summary
- Rights plan triggers at 20% ownership; expires September 30, 2024.
- Anson Advisors and Cable Car Capital hold ~19.9% of MEIP shares and sold put options for 1.5M additional shares.
- Existing holders above 20% are grandfathered but cannot increase ownership without triggering plan.
- Upon trigger, non-acquiring holders may purchase shares at twice the exercise price, causing dilution.

## SEC filing metadata
- accession: 0001193125-23-249423
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312523249423/0001193125-23-249423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312523249423/d559817d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249423
- JSON: https://secwatch.observer/filing/0001193125-23-249423.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249423.txt

## Key facts
- Governance Changes
  Lite Strategy, Inc.: Board approved Series A Certificate of Designation setting forth rights, powers, and preferences of Series A Preferred Shares (effective 2023-10-01).
  - Change: charter amendment
  - Effective: 2023-10-01
  source text: on October 1, 2023, the Board approved the Series A Certificate of Designation. The Series A Certificate of Designation sets forth the rights, powers, and preferences of the Series A Preferred Shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523249423/0001193125-23-249423-index.htm
- Material Agreements
  Lite Strategy, Inc. entered into Rights Agreement with Computershare, Inc. (effective 2023-10-01).
  - Action: entry
  - Counterparty: Computershare, Inc.
  - Effective: 2023-10-01
  source text: On October 1, 2023, the Board of Directors (the “Board”) of MEI Pharma, Inc., a Delaware corporation (the “Company”), approved and adopted a Rights Agreement, dated as of October 1, 2023 (the “Rights Agreement”), by and between the Company and Computershare, Inc., as Rights Agent (the “Rights Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523249423/0001193125-23-249423-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.