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Delaware
(State or other jurisdiction of
incorporation or organization) |
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26-1976972
(I.R.S. Employer
Identification Number) |
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| | Large accelerated filer ☐ | | | Accelerated filer ☐ | |
| | Non-accelerated filer ☒ | | | Smaller reporting company ☒ | |
| | | | | Emerging growth company ☒ | |
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(A)
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=
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as applicable: (i) the VWAP (as defined below) on the trading day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) delivered on a day that is not a trading day or (2) delivered on a trading day prior to the opening of, or during and prior to the closing of, “regular trading hours” (as defined in Rule 600(b) of Regulation NMS promulgated under the federal securities laws) on such trading day or (ii) the VWAP on the trading day of the applicable Notice of Exercise if the date of such Notice of Exercise is a trading day and such Notice of Exercise is delivered after the close of “regular trading hours” on such trading day; |
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(B)
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=
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the exercise price of the Pre-Funded Warrant, as adjusted; and |
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(X)
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=
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the number of shares of our Class A common stock that would be issuable upon exercise of the Pre-Funded Warrant in accordance with the terms of the Pre-Funded Warrant if such exercise were by means of a cash exercise rather than a cashless exercise. |
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(A)
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=
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as applicable: (i) the VWAP (as defined below) on the trading day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) delivered on a day that is not a trading day or (2) delivered on a trading day prior to the opening of, or during and prior to the closing of, “regular trading hours” (as defined in Rule 600(b) of Regulation NMS promulgated under the federal securities laws) on such trading day or (ii) the VWAP on the trading day of the applicable Notice of Exercise if the date of such Notice of Exercise is a trading day and such Notice of Exercise is delivered after the close of “regular trading hours” on such trading day; |
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(B)
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=
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the exercise price of the Pre-Funded Warrant, as adjusted; and |
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(X)
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=
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the number of shares of our Class A common stock that would be issuable upon exercise of the Pre-Funded Warrant in accordance with the terms of the Pre-Funded Warrant if such exercise were by means of a cash exercise rather than a cashless exercise. |
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Name of Selling
Stockholder |
| |
Number of shares
of Common Stock Owned Prior to Offering |
| |
Percentage
|
| |
Maximum Number
of Shares to be Sold Pursuant to this Prospectus |
| |
Number of
Shares Owned After Completion of Offering |
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Percentage
|
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|
Funds managed by Empery Asset Management, LP(1)
|
| | | | 7,485,163 | | | | | | 9.99% | | | | | | 7,385,163 | | | | | | 100,000 | | | | | | * | | |
|
Harold J Levy Revocable Trust(2)
|
| | | | 1,783,543 | | | | | | 4.28% | | | | | | 183,543(3) | | | | | | 1,600,000 | | | | | | 3.52% | | |
|
Ion Pacific Pathway Fund I L.P.(4)
|
| | | | 183,543 | | | | | | * | | | | | | 183,543(5) | | | | | | 0 | | | | | | * | | |
|
Merrin Investors LLC(6)
|
| | | | 3,729,559 | | | | | | 8.39% | | | | | | 782,559(7) | | | | | | 2,947,000 | | | | | | 6.48% | | |
|
Peter Langerman
|
| | | | 384,536 | | | | | | * | | | | | | 91,771(8) | | | | | | 292,765 | | | | | | * | | |
|
Playhouse Capital LP(9)
|
| | | | 933,543 | | | | | | 2.24% | | | | | | 183,543(10) | | | | | | 750,000 | | | | | | 1.65% | | |
|
ValueQuest Partners, LLC(11)
|
| | | | 612,659 | | | | | | 1.47% | | | | | | 367,087(12) | | | | | | 245,572 | | | | | | * | | |
| |
SEC registration fee
|
| | | $ | 7,516.91 | | |
| |
Printing expenses
|
| | | $ | 10,000.00 | | |
| |
Legal fees and expenses
|
| | | $ | 75,000.00 | | |
| |
Accounting fees and expenses
|
| | | $ | 30,000.00 | | |
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Blue Sky, qualification fees and expenses
|
| | | $ | 15,000.00 | | |
| |
Transfer agent fees and expenses
|
| | | $ | 10,000.00 | | |
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Miscellaneous
|
| | | $ | 3,050.00 | | |
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Total
|
| | | $ | 150,566.91 | | |
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SIGNATURE
|
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TITLE
|
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DATE
|
|
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/s/ Benjamin J. Zeskind
Benjamin J. Zeskind, Ph.D.
|
| |
President, Chief Executive Officer and Director (Principal Executive
Officer) |
| |
September 2, 2025
|
|
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/s/ Mallory Morales
Mallory Morales
|
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Chief Accounting Officer and
Treasurer (Principal Financial and Accounting Officer) |
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September 2, 2025
|
|
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/s/ Robert J. Carpenter
Robert J. Carpenter
|
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Director
|
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September 2, 2025
|
|
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/s/ Peter Feinberg
Peter Feinberg
|
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Director
|
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September 2, 2025
|
|
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/s/ Diana F. Hausman
Diana F. Hausman, M.D.
|
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Director
|
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September 2, 2025
|
|
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/s/ Laurie B. Keating
Laurie B. Keating
|
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Director
|
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September 2, 2025
|
|
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/s/ Thomas J. Schall
Thomas J. Schall
|
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Director
|
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September 2, 2025
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