Pulmatrix, Inc. (PULM) Form S-3/A — Oct 2, 2026
Pulmatrix filed Amendment No. 2 to its Form S-3 to register the resale of up to 491,607 shares of common stock by RCM Eos PIPE HOLDINGS, LLC — 454,546 conversion shares from 1,000 Series B Convertible Preferred shares plus 37,061 dividend shares. The preferred shares were sold in a March 26, 2026 private placement at a $2.20 conversion price with 8% per annum stock dividends. The registered shares represent roughly 13% of the company's 3,652,285 shares outstanding, and the prospectus explicitly warns of substantial dilution and potential downward pressure on the stock, which last traded at $1.57 on October 2, 2026.
Key figures
- Offering Price
- $2.20 conversion price
- Shares Offered
- 491607
- Shares Outstanding
- 3652285
- Dividend rate
- 8% per annum
- Dividend shares
- 37061
- Dilution percent
- ~13%
- Conversion shares
- 454546
- Preferred stated value
- $1,000 per share
- Preferred shares issued
- 1000
- Last sale price 2026 10 02
- $1.57
- Beneficial ownership blocker
- 9.99%
AI analysis
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