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Get filing alertsTvardi increases ATM offering capacity by up to $9.7M after selling $11M in prior year
Filed July 17, 2026 · Period ending July 17, 2026 · ~1 min read
Key Changes
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Filed prospectus supplement to increase at-the-market offering capacity by up to $9.7M in common stock, beyond the $11.0M in gross proceeds already raised in the prior twelve months.
Item 8.01 — Other Events verify on EDGAR → -
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Sold 3,110,769 shares for approximately $11.0M in gross proceeds during the twelve months ending July 17, 2026, under the original ATM program.
Item 8.01 — Other Events verify on EDGAR → -
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Public float calculated at $62.2M (12,441,789 non-affiliate shares at $5.00 per share as of July 8, 2026), allowing total offerings up to approximately $20.7M under baby shelf rules.
Item 8.01 — Other Events verify on EDGAR →
Summary
Tvardi filed a prospectus supplement to expand its at-the-market offering program by up to $9.7 million in additional common stock capacity. The company disclosed that it had already sold 3,110,769 shares for approximately $11.0 million in gross proceeds during the prior twelve months under the original ATM program. The new capacity brings the total available under the registration statement to approximately $20.7 million, calculated as one-third of the company's $62.2 million public float under baby shelf rules.
For retail holders, this represents continued dilution through incremental share sales. The company has now utilized roughly half of its total baby shelf capacity ($11.0M of ~$20.7M) and is positioning to raise the remaining up to $9.7M. The filing provides transparency on recent capital-raising activity and the company's remaining runway under this program, but does not disclose pricing, timing, or intended use of proceeds for future sales.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Tvardi increased its at-the-market offering capacity by up to $9.7M, allowing further common stock sales under its existing ATM program.
Added in current filing · verify on EDGAR →
The aggregate market value of the Company’s common stock held by non-affiliates pursuant to General Instruction I.B.6 of Form S-3 is $62,208,945, which was calculated based on 12,441,789 shares of the Company’s outstanding common stock held by non-affiliates on July 16, 2026, at a price of $5.00 per share, the closing price of the common stock on July 8, 2026.
The company disclosed its public float calculation under the baby shelf rule, which caps total offerings at one-third of the non-affiliate market value. With a $62.2 million public float, Tvardi can raise up to approximately $20.7 million total under this registration statement, of which $11.0 million was already sold and $9.7 million remains available.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 19, 2026 · How we verify