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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 3, 2025
Lantern
Pharma Inc.
(Exact
name of Registrant as Specified in Its Charter)
Delaware |
|
001-39318 |
|
46-3973463 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
1920
McKinney Avenue, 7th Floor
Dallas, Texas |
|
75201 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
Telephone Number, Including Area Code: (972) 277-1136
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instructions A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.0001 par value |
|
LTRN |
|
The
Nasdaq Stock Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
1.01. Entry Into a Material Definitive Agreement.
On
July 3, 2025, Lantern Pharma Inc., a Delaware corporation (the “Company”), entered into an ATM Sales Agreement (the “Sales
Agreement”) with ThinkEquity LLC (the “Agent”), pursuant to which the Company may offer and sell up to $15,530,000 maximum aggregate offering price of shares (the “Placement Shares”) of common stock,
par value $0.0001 per share, of the Company (“Common Stock”) from time to time through
the Agent, acting as sales agent or principal, in
such amounts as the Company may specify by notice to the Agent, in accordance with the terms and conditions set forth in the Sales Agreement.
The
offer and sale of the Placement Shares from time to time by the Company have been registered under the Securities Act of 1933, as
amended (the “Securities Act”), pursuant to the Company’s registration statement on Form S-3 (File No.
333-279718), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 10, 2024.
The Company has filed a prospectus supplement, dated July 3, 2025, with the SEC in connection with the offer
and sale of the Placement Shares.
The
Company will pay the Agent a commission of 3.0% of the aggregate gross proceeds from the sale of the Placement Shares pursuant to the
Sales Agreement. Under the Sales Agreement, the Agent may sell the Placement Shares in sales deemed to be an “at-the-market offering”
as defined in Rule 415(a)(4) under the Securities Act, including sales made directly on or through The Nasdaq Capital Market or any other
existing trading market for the Placement Shares, in negotiated transactions at market prices prevailing at the time of sale or at prices
related to such prevailing market prices, and/or by any other method permitted by law. The Company may instruct the Agent not to sell
the Placement Shares if the sales cannot be effected at or above the price designated by the Company in
such instructions. The Company is not obligated
to make any sales of the Placement Shares under the Sales Agreement.
The
offering pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all of the Placement Shares subject to the
Sales Agreement and (ii) termination of the Sales Agreement as permitted therein. The Company may terminate the Sales Agreement in its
sole discretion at any time by giving ten days’ prior notice to the Agent. The Agent may terminate the Sales Agreement under the
circumstances specified in the Sales Agreement and in its sole discretion at any time by giving ten days’ prior notice to the Company.
The
Sales Agreement contains customary representations, warranties and agreements of the Company, conditions to closing, indemnification
rights and obligations of the parties, and termination provisions. Under the terms of the Sales Agreement, the Company has agreed to
indemnify the Agent against certain specified types of liabilities, including liabilities under the Securities Act, to contribute to
payments the Agent may be required to make in respect of these liabilities, and to reimburse the Agent for certain expenses.
The
foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the complete
terms of the Sales Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K (this “8-K”) and
is incorporated by reference into this Item 1.01. A copy of the opinion of Greenberg Traurig, LLP with respect to the validity
of the Placement Shares that may be sold and issued pursuant to the Sales Agreement is attached as Exhibit 5.1 to this 8-K.
This
8-K does not constitute an offer to sell, or a solicitation of an offer to buy, the Placement Shares or any other security.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No. |
|
Description |
1.1 |
|
ATM Sales Agreement, dated July 3, 2025, by and between the Company and ThinkEquity LLC |
5.1 |
|
Opinion of Greenberg Traurig, LLP |
23.1 |
|
Consent of Greenberg Traurig, LLP (included within the opinion filed as Exhibit 5.1) |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Date:
July 3, 2025
|
LANTERN
PHARMA INC. |
|
|
|
|
By: |
/s/
David Margrave |
|
|
David
Margrave |
|
|
Chief
Financial Officer |