Larimar Therapeutics Inc. announced that it has entered into an exchange agreement with Blue Owl Healthcare Opportunities IV Public Investments LP. Under the agreement, Blue Owl exchanged 2,500,000 shares of Larimar's common stock for 250,000 shares of newly designated Series A convertible preferred stock. The preferred stock, described as "toothless," is convertible into common stock at a ratio of 1-to-10, subject to certain ownership limits. The transaction was completed as an unregistered sale, relying on the exemption from registration provided by Section 3(a)(9) of the Securities Act.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Larimar Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-321738), on December 17, 2025, and is solely responsible for the information contained therein.
Comments