M&A - ACORN BIOVENTURES, L.P.
Form Type: SCHEDULE 13D/A
Filing Date: 2025-05-30
Corporate Action: Merger
Type: Update
Accession Number: 000163658725000030
Filing Summary: This filing by Acorn Bioventures, L.P. and its affiliates provides an update on their investment in OnKure Therapeutics, Inc. Following a merger completed on October 4, 2024, the predecessor company changed its name from Reneo Pharmaceuticals, Inc. to OnKure Therapeutics, with Legacy OnKure becoming a wholly owned subsidiary. Acorn reported acquiring additional shares of OnKure's common stock on May 15, 2025, totaling 1,399,000 shares at a purchase price of $1.85 per share, amounting to $2,590,000. The filing also elaborates on the Reporting Persons' intentions regarding potential future transactions involving the issuer's stock, emphasizing a strategy focused on investment without immediate plans for any significant corporate actions or structural changes within OnKure.
Additional details:
Reporting Persons Names: Acorn Bioventures, L.P.
Reporting Persons Names: Acorn Capital Advisors, GP, LLC
Reporting Persons Names: Acorn Bioventures 2, L.P.
Reporting Persons Names: Acorn Capital Advisors 2, GP, LLC
Reporting Persons Names: Anders Hove
Shares Acquired: 270,270
Shares Acquired: 1,129,730
Purchase Price Per Share: 1.85
Total Investment: 2590000
Previous Company Name: Reneo Pharmaceuticals, Inc.
New Company Name: OnKure Therapeutics, Inc.
Merger Date: 2024-10-04
Total Shares Outstanding: 12823872
Previous Company Stock Conversion: 1,439,674 shares
Form Type: SCHEDULE 13D
Filing Date: 2025-05-22
Corporate Action: Merger
Type: Update
Accession Number: 000163658725000027
Filing Summary: Acorn Bioventures, L.P. and its associated entities, including Acorn Capital Advisors GP, LLC and others, have reported their acquisition of shares in OnKure Therapeutics, Inc. following a merger that took place on October 4, 2024. The merger involved Radiate Merger Sub I, Inc. and Legacy OnKure, leading to OnKure changing its name from Reneo Pharmaceuticals, Inc. In this merger, Acorn received 1,439,674 shares of the common stock of OnKure. Recently, on May 15, 2025, Acorn and its affiliate Acorn 2 acquired an aggregate of 1,400,000 shares (270,270 and 1,129,730 shares, respectively) of OnKure's common stock at a price of $8.15 per share, totaling approximately $11.41 million. The entities involved intend to continue monitoring their investments and may explore various actions concerning their holdings, though they indicated no immediate changes to governance or structure of OnKure.
Additional details:
Business Address: 420 Lexington Avenue Suite 2626, New York, NY 10170
Investment Purpose: Investment in public and private biotechnology companies
Acquisition Details: Acquired 1,400,000 shares of OnKure's stock on May 15, 2025, at $8.15 per share
Merger Details: Merger with Legacy OnKure on October 4, 2024, resulting in OnKure rebranding and acquisition of shares
Total Shares Outstanding: 12,823,872 shares as of May 5, 2025
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