OnKure amends ATM prospectus, drops Form S-3 offering cap
OnKure Therapeutics said it is no longer subject to a rule limiting how much stock it can sell under its existing $100 million at-the-market program with Leerink Partners.
OnKure Therapeutics filed a prospectus supplement dated August 4, 2026 to amend its at-the-market equity offering program. The company said it filed the amendment because it is no longer subject to General Instruction I.B.6 of Form S-3, which limits the amounts a company may sell under that type of registration statement.1 OnKure said if it becomes subject to the offering limits again in the future, it will file another prospectus supplement.1
The underlying program traces back to a sales agreement dated November 6, 2025. That agreement, between OnKure and Leerink Partners LLC, covers the offer and sale of shares of OnKure's Class A common stock.1 As of August 4, 2026, OnKure said it had not yet offered or sold any shares of Class A common stock under the prospectus.1
OnKure's Class A common stock trades on the Nasdaq Global Market under the ticker "OKUR."1 The company reported that the aggregate market value of its outstanding Class A common stock held by non-affiliates, as of August 3, 2026 and calculated under Form S-3's General Instruction I.B.6, was $167.3 million, based on 36,368,892 shares outstanding held by non-affiliates at a $4.60 closing price on July 6, 2026.1
Under the sales agreement, OnKure is registering the offer and sale of Class A common stock with an aggregate offering price of up to $100,000,000, to be sold from time to time through or to Leerink Partners acting as agent or principal.1 Leerink Partners' compensation for shares sold under the agreement will be up to 3.0% of the gross proceeds from the sales price per share.1
OnKure identified itself as an "emerging growth company" and "smaller reporting company" under federal securities laws, which subjects it to reduced public company reporting requirements.1
Written by readthrough’s AI from the linked primary sources and fact-checked against them automatically before publishing. Not investment advice.