Invus Global Management and Raymond Debbane Acquire 8.8% Stake in Agenus Inc.

On July 17, 2026, Invus Global Management, LLC and associated reporting persons, including Mr. Raymond Debbane, filed a Schedule 13G regarding their stake in Agenus Inc. (AGEN). As of the event date on July 13, 2026, the reporting group collectively reported beneficial ownership of 4,533,755 shares, representing approximately 9.99% of the issuer's outstanding common stock. Specifically, Invus Global Management, LLC is credited with 3,971,647 shares, or an 8.8% stake. The reported holdings consist of 2,419,263 shares held directly and 2,114,492 shares issuable upon the exercise of Series A and Series B Warrants. The filing notes a "Beneficial Ownership Limitation," which prevents the reporting persons from exercising warrants if such action would result in owning more than 9.99% of the total shares outstanding. This acquisition was made for investment purposes and not with the intent to influence control of the issuer. The position was established through a combination of direct share ownership and private placement warrants that closed on July 15, 2026.