STTK Shattuck Labs, Inc.
Price Chart
Executive Summary
Shattuck Labs filed a preliminary prospectus supplement for an underwritten public offering of common stock and pre-funded warrants, with all key terms (number of shares, offering price, net proceeds) left as placeholders. The filing follows positive Phase 1 data for lead candidate SL-325 and concurrent warrant exercises expected to generate ~$54.9M in gross proceeds. The dilutive offering, while providing additional capital to extend runway into 2029, creates immediate and substantial dilution for new investors.
Actionable Insight
Monitor the final offering terms (size, price) when announced. The massive existing warrant overhang (~86M shares) and this new offering will pressure the stock. Positive Phase 1 data provides some fundamental support, but the dilutive capital raise is the dominant near-term factor.
Key Facts
- Offering of common stock and pre-funded warrants; all pricing and size details are TBD placeholders
- Last reported sale price on June 8, 2026 was $3.90 per share
- Company reported positive Phase 1 data for SL-325 on June 8, 2026
- Warrant exercises from August 2025 private placement expected to yield ~$54.9M gross proceeds
- Cash and investments of ~$90.4M as of March 31, 2026; pro forma runway into 2029
- 75,581,787 shares outstanding as of March 31, 2026; massive overhang from 47.5M common warrants and 38.4M pre-funded warrants
- Net tangible book value per share as of March 31, 2026 was $1.27; offering will cause immediate and substantial dilution
Financial Impact
Offering size and pricing undisclosed; immediate substantial dilution to new investors; pro forma cash runway extended into 2029
Risk Factors
- Immediate and substantial dilution to existing and new shareholders
- Massive overhang from ~86M outstanding warrants and pre-funded warrants
- No established trading market for pre-funded warrants limits liquidity
- Broad discretion in use of proceeds may not enhance shareholder value
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001193125-26-264029 |
| Document: 0001193125-26-264029-index-headers.html | 0001193125-26-264029 |
| Document: 0001193125-26-264029-index.html | 0001193125-26-264029 |
| Document: 0001193125-26-264029.txt | 0001193125-26-264029 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
3d ago
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8-K
| $4.13 awaiting T+1 | awaiting T+1 | — | $4.94 (−19.61%) |
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Jun 11, 2026
3d ago
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Institutional Cluster
| $4.13 awaiting T+1 | awaiting T+1 | — | $4.94 (−19.61%) |
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Jun 11, 2026
4d ago
|
424B5
| $4.13 awaiting T+1 | awaiting T+1 | — | $4.94 (−19.61%) |
|
Jun 10, 2026
5d ago
|
Press Release
| $4.27 awaiting T+1 | awaiting T+1 | — | $4.94 (−15.69%) |
|
Jun 9, 2026
5d ago
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424B5
| $4.27 awaiting T+1 | awaiting T+1 | — | $4.94 (−15.69%) |
|
Jun 9, 2026
5d ago
|
8-K
| $4.27 awaiting T+1 | awaiting T+1 | — | $4.94 (+15.69%) |
|
Jun 2, 2026
12d ago
|
8-K
| $4.75 $4.80 | ▲ +1.05% | ▲ +0.65% | $4.94 (+4.00%) |
|
May 15, 2026
4w ago
|
Insider Cluster
| $6.26 $5.97 | ▼ −4.63% | ▼ −4.57% | $4.94 (−21.09%) |
|
May 12, 2026
4w ago
|
Insider Cluster
| $6.62 $6.75 | ▲ +1.96% | ▲ +1.39% | $4.94 (−25.38%) |
|
May 7, 2026
5w ago
|
8-K
| $6.26 $6.85 | ▲ +9.42% | ▲ +8.59% | $4.94 (−21.09%) |
US Market Status
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