04:48 PM EST, 11/27/2024 (MT Newswires) -- Senseonics ( SENS ) said Wednesday that its shareholder Armistice Capital may sell from "time to time" up to about 45.7 million shares issuable upon the exercise of warrants.

The warrants were acquired by Armistice under a securities purchase agreement dated Oct. 24, the company said.

Senseonics ( SENS ) said it won't receive any proceeds from the planned sale of the shares by Armistice.