Armata Pharmctcl SEC Filings

Armata Pharmaceuticals reported that it has received an End-of-Phase 2 written response from the U.S. Food and Drug Administration and plans to advance its intravenously administered Staphylococcus aureus bacteriophage product candidate, AP-SA02, into a Phase 3 clinical study. The planned trial will focus on patients with complicated S. aureus bacteremia, a serious bloodstream infection.

The company disclosed this update through a press release furnished as an exhibit, emphasizing that the information is being provided for informational purposes and is not deemed filed under securities laws. No financial results or transaction details are included in this report.

Armata Pharmaceuticals, Inc. entered into a Capital on Demand™ Sales Agreement with JonesTrading Institutional Services LLC to set up an at-the-market stock offering program. Under this arrangement, Armata may, at its discretion, offer and sell shares of its common stock with an aggregate offering price of up to $100,000,000 through JonesTrading as sales agent. Sales can be made on the NYSE American or other permitted markets and in negotiated transactions, with Armata paying JonesTrading a commission of up to 3.0% of gross sale proceeds and reimbursing certain legal expenses. Neither party is obligated to sell or purchase shares, and the program is limited by the amount registered on Armata’s existing Form S-3 shelf registration and the number of authorized but unissued shares.

Armata Pharmaceuticals is launching an at-the-market offering of up to $100,000,000 of common stock through JonesTrading under a Capital on Demand Sales Agreement. JonesTrading will act as sales agent or principal and receive up to 3.0% commission on gross proceeds.

Based on a recent NYSE American price of $7.10 per share, the company illustrates issuance of about 14.1 million shares, which would raise $100.0 million and increase shares outstanding from 36,406,905 to up to 50,491,412. Armata plans to use net proceeds for working capital and general corporate purposes.

The company highlights substantial doubt about its ability to continue as a going concern and a need for significant additional financing, so this program adds flexible access to equity but could cause immediate and substantial dilution. Innoviva, Inc. beneficially owns more than 50% of the common stock, making Armata a controlled company.

Armata Pharmaceuticals (ARMP) filed its Q3 2025 10-Q reporting a net loss of $26.7M on grant and award revenue of $1.2M. Operating expenses were $8.9M, driven by R&D of $5.8M and G&A of $3.1M. Interest expense was $4.3M, and a change in fair value loss on the Convertible Loan added $14.6M to other expense.

Cash and cash equivalents were $14.8M at September 30, 2025. The company states that existing cash will not fund operations for the next 12 months, raising substantial doubt about its ability to continue as a going concern. Current liabilities were $140.0M, including term debt current of $83.0M and the Convertible Loan at $48.1M measured at fair value. Total liabilities were $185.1M and stockholders’ deficit was $(95.6M).

Financing activity included a $10.0M loan on March 12, 2025 at 14% maturing March 12, 2026, and a $15.0M loan on August 11, 2025 at 14% maturing January 11, 2029, both secured by substantially all assets. Shares outstanding were 36,329,842 as of November 4, 2025.

Armata Pharmaceuticals, Inc. filed a current report to note that it has announced its financial results for the three and nine months ended September 30, 2025. The company released these results in a press release dated November 12, 2025, which is attached as Exhibit 99.1.

The company states that the information in this results announcement and the related exhibit is being furnished, not filed, under securities laws, and will not be incorporated by reference into any registration statement or other document under the Securities Act of 1933.

Armata Pharmaceuticals furnished an update on its bacteriophage program. The company announced positive results from its recently completed Phase 2a diSArm study of AP-SA02 as a potential treatment for complicated Staphylococcus aureus bacteremia, presented at IDWeek 2025.

The company furnished a press release as Exhibit 99.1 and posted the late‑breaking oral presentation delivered by Dr. Loren G. Miller on October 22, 2025, furnished as Exhibit 99.2. The materials were provided under Item 7.01 and are not deemed filed under the Exchange Act nor incorporated by reference into Securities Act filings.

Armata Pharmaceuticals filed a Form S-8 to register an additional 1,811,295 shares of common stock for issuance under its 2016 Equity Incentive Plan and 2016 Employee Stock Purchase Plan. The shares break down into 1,809,153 shares added under the Equity Incentive Plan and 2,142 shares under the ESPP pursuant to annual "evergreen" provisions that operate from January 1, 2017 through January 1, 2026. The filing incorporates prior S-8 registration statements and recent SEC filings, including the Annual Report for the year ended December 31, 2024 and quarterly reports for March 31, 2025 and June 30, 2025. The Registration Statement was signed on August 13, 2025 by Chief Executive Officer Deborah L. Birx.

Armata Pharmaceuticals (ARMP) registered a shelf to sell up to $100,000,000 of securities. Armata is a clinical-stage developer of high-purity, pathogen-specific bacteriophage therapeutics and has completed three Phase 2 trials. AP-PA02 (Pseudomonas) showed favorable safety and sputum P. aeruginosa reductions: the Phase 2 Tailwind post-hoc intent-to-treat analysis (n=33 active, n=15 placebo) showed a CFU reduction at day 17 (P=0.05) and a sustained reduction at day 24 (P=0.015); paired baseline-to-day analyses were significant at multiple timepoints. AP-SA02 (S. aureus) diSArm Phase 1b/2a (n=50) reported investigator-assessed responder rates of 88% vs 58% placebo at TOC (p=0.047) and 100% clinical response at later endpoints (p<=0.017); CEAC analyses supported these findings. Armata has received a $5.0 million CFF award and cumulative DoD/MTEC funding totaling $26.2 million (term extended to March 31, 2026). The prospectus discloses substantial doubt about the company’s ability to continue as a going concern and a need for substantial additional financing; public float was approximately $26.1 million based on 11,077,705 non-affiliate shares at $2.36 per share.

Innoviva and its wholly owned affiliate report that, following transactions described in this Amendment No. 13 to Schedule 13D, the Reporting Persons collectively hold beneficial ownership of 55,467,459 shares of Armata Pharmaceuticals, Inc., representing approximately 83.3% of the issuer's common stock on a fully counted basis. The filing discloses that Innoviva Strategic Opportunities LLC acquired secured debt of the company under an August 11, 2025 credit agreement that provided Armata with a $15,000,000 term loan.

The August 2025 Credit Agreement carries a 14.00% per annum interest rate and matures on January 11, 2029, and is expressly non-convertible. The Reporting Persons continue to hold existing common shares, warrants to acquire 10,653,847 additional shares, and rights to acquire 19,736,843 shares upon conversion of a convertible loan (excluding accrued interest). Except as amended here, prior Schedule 13D disclosures remain in effect.

Armata Pharmaceuticals, Inc. reported a widening operating and net loss in the first half of 2025 as it advances bacteriophage therapeutics. Total assets were $80.8 million versus $86.4 million at year-end 2024, with cash and cash equivalents of $4.3 million and restricted cash of $5.4 million, for combined cash of $9.7 million. The company recorded a six-month net loss of $22.8 million and used $14.8 million of cash in operating activities during the same period.

The balance sheet shows total liabilities of $150.3 million and a stockholders' deficit of $69.5 million, driven by increased current liabilities including a fair-value accounted Convertible Loan of $33.4 million and current term debt of $78.9 million. Management discloses substantial doubt about going concern, stating current cash is insufficient for the next 12 months. Material subsequent financing includes an August 11, 2025 $15.0 million loan from Innoviva at 14% interest; the company also continues to receive MTEC award funding now totaling $26.2 million (term extended to March 31, 2026) to support AP-SA02 development.