M&A - OnKure Therapeutics, Inc.

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Form Type: 10-Q

Filing Date: 2025-05-06

Corporate Action: Merger

Type: Update

Accession Number: 000095017025063970

Filing Summary: OnKure Therapeutics, Inc. filed this quarterly report under Form 10-Q for the period ending March 31, 2025, reflecting the results of its recent merger with Reneo Pharmaceuticals, which was finalized on October 4, 2024. The merger involved a reverse stock split, a name change from Reneo to OnKure Therapeutics, and a reclassification of common stock into Class A and Class B categories. Following the merger, Legacy OnKure became a wholly-owned subsidiary of OnKure Therapeutics. The financial statements show a total loss from operations of $17 million for the quarter, an increase in research and development expenses, and a reduction in overall stockholder equity compared to the previous year. The report also highlights forward-looking statements about expected developments in clinical trials and financial conditions.

Additional details:

Cik: 001637715


Merger Date: 2024-10-04


Reverse Stock Split Ratio: 1:10


Common Stock Class A: Class A Common Stock


Common Stock Class B: Class B Common Stock


Net Loss: 15,925,000


Total Assets: 99,882,000


Total Liabilities: 9,234,000


Total Equity: 90,648,000


Form Type: POS AM

Filing Date: 2025-03-20

Corporate Action: Merger

Type: Update

Accession Number: 000119312525058954

Filing Summary: OnKure Therapeutics, Inc. filed a Post-Effective Amendment No. 1 to Form S-1 Registration Statement with the SEC on March 20, 2025. This amendment includes updates from the previously filed Registration Statement effective on October 30, 2024, particularly the financial statements for the fiscal year ending December 31, 2024. The document discusses the merger between Reneo Pharmaceuticals, Inc. (now OnKure) and Legacy OnKure, finalized on October 4, 2024. Key changes include a reverse stock split, the naming of the resulting entity as OnKure Therapeutics, and adjustments to outstanding common stock, stock options, and restricted stock units. The filing also mentions that no additional securities are being registered in this amendment, focusing instead on amending existing information from the original registration statement and regulatory compliance. Financial performance indicators and the completion of the business combination are central to this update, with ongoing discussions surrounding initial public offerings and market operations under the Nasdaq symbol OKUR.

Additional details:

Fiscal Year End: 2024-12-31


Previous Company Name: Reneo Pharmaceuticals, Inc.


Merger Date: 2024-10-04


Investment Amount: 65000000


Shares Issued: 2938005


Share Price: 22.895


Combined Entity Name: OnKure Therapeutics, Inc.


Stock Symbol: OKUR


Merger Type: Reverse Stock Split


Equity Class: Class A Common Stock


Form Type: 10-K

Filing Date: 2025-03-10

Corporate Action: Merger

Type: New

Accession Number: 000095017025036252

Filing Summary: OnKure Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing precision medicines for cancer. The company recently completed a merger transaction with Reneo Pharmaceuticals, transforming Reneo into OnKure. This merger included a reverse stock split and reclassification of common stock into Class A and Class B stocks. Following the merger, Legacy OnKure became a wholly-owned subsidiary of OnKure Therapeutics, Inc. The report highlights OnKure's commitment to advancing its lead product candidate, OKI-219, a selective inhibitor of the PI3Kα protein, specifically targeting the H1047R mutation associated with cancer. The document outlines OnKure's ongoing efforts in its clinical trials and the anticipated outcomes regarding patient selection and treatment efficacy, along with associated risks.

Additional details:

Cik: 00016377154


Fiscal Year Ended: 2024-12-31


Class A Common Stock Outstanding: 12749299


Class B Common Stock Outstanding: 686527


Reverse Stock Split Ratio: 1:10


Merger Closing Date: 2024-10-04


Lead Product Candidate: OKI-219


Oncogenic Target: PI3KαH1047R


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