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[SCHEDULE 13D/A] CAMP4 Therapeutics Corporation SEC Filing

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SCHEDULE 13D/A

CAMP4 Therapeutics announced a private investment (September 2025 Private Placement) in which institutional PIPE investors, including 5AM-affiliated funds, purchased shares and pre-funded warrants in an initial closing. Ventures VII bought 2,941,176 shares at $1.53 per share for $4.5 million on September 11, 2025. The Initial Closing issued 26,681,053 shares and pre-funded warrants to PIPE investors.

The PIPE includes an option for a Second Closing to sell up to 32,721,172 additional shares or pre-funded warrants if two triggers occur: (i) regulatory acceptance to commence a clinical trial for the company’s SYNGAP1-related disorder candidate and (ii) either a VWAP-based price threshold of $7.50 during a designated Measurement Period or a waiver by PIPE investors. The investors received registration rights; the issuer must file an initial registration statement within 60 days of the Initial Closing and use best efforts to keep it effective for resale.

Reporting persons disclose direct holdings by 5AM vehicles totaling specific stakes (e.g., Ventures VI: 2,625,145 shares; Ventures VII: 2,941,176 shares; Opportunities II: 302,770 shares), and aggregate beneficial ownership attributed to individuals Schwab and Parmar of 5,869,091 shares (12.5%) based on the stated share base.

CAMP4 Therapeutics ha annunciato un investimento privato (Private Placement settembre 2025) in cui investitori istituzionali PIPE, inclusi fondi affiliati a 5AM, hanno acquistato azioni e warrant prefinanziati in una chiusura iniziale. Ventures VII ha acquistato 2.941.176 azioni a 1,53$ per azione per 4,5 milioni di dollari l'11 settembre 2025. La chiusura iniziale ha emesso 26.681.053 azioni e warrant prefinanziati agli investitori PIPE. Il PIPE comprende un'opzione per una Second Closing per vendere fino a 32.721.172 ulteriori azioni o warrant prefinanziati se si verificano due condizioni: (i) l'accettazione regolamentare per avviare uno studio clinico per il candidato relativo al disturbo SYNGAP1 dell'azienda e (ii) o un soglia di prezzo VWAP di 7,50 dollari durante un periodo di Misurazione designato o una deroga da parte degli investitori PIPE. Gli investitori hanno ricevuto diritti di registrazione; l'emittente deve presentare una prima dichiarazione di registrazione entro 60 giorni dalla Chiusura Iniziale e fare il possibile per mantenerla efficace per la rivendita. I soggetti che riportano le proprie partecipazioni divulgano possedimenti diretti tramite veicoli 5AM per quote specifiche (ad es., Ventures VI: 2.625.145 azioni; Ventures VII: 2.941.176 azioni; Opportunities II: 302.770 azioni), e la proprietà beneficiaria aggregata attribuita agli individui Schwab e Parmar di 5.869.091 azioni (12,5%) basata sulla base azionaria dichiarata.

CAMP4 Therapeutics anunció una inversión privada (Private Placement de septiembre de 2025) en la que inversores institucionales PIPE, incluidos fondos afiliados a 5AM, compraron acciones y warrants prefinanciados en un cierre inicial. Ventures VII compró 2,941,176 acciones a 1,53$ por acción por 4,5 millones de dólares el 11 de septiembre de 2025. El cierre inicial emitió 26,681,053 acciones y warrants prefinanciados a los inversores PIPE. El PIPE incluye una opción para un Segundo Cierre para vender hasta 32,721,172 acciones o warrants prefinanciados adicionales si ocurren dos desencadenantes: (i) aprobación regulatoria para iniciar un ensayo clínico para el candidato de la empresa relacionado con el trastorno SYNGAP1 y (ii) ya sea un umbral de precio basado en VWAP de 7,50 dólares durante un Período de Medición designado o una renuncia por parte de los inversores PIPE. Los inversores recibieron derechos de registro; el emisor debe presentar una declaración de registro inicial dentro de los 60 días siguientes al Cierre Inicial y hacer su mejor esfuerzo para mantenerla vigente para la reventa. Los responsables que reportan divulgan participaciones directas por vehículos 5AM con participaciones específicas (p. ej., Ventures VI: 2.625.145 acciones; Ventures VII: 2.941.176 acciones; Opportunities II: 302.770 acciones), y la propiedad beneficiaria agregada atribuida a los individuos Schwab y Parmar de 5.869.091 acciones (12,5%) basada en la base de acciones declarada.

CAMP4 Therapeutics는 2025년 9월 Private Placement로 기관 PIPE 투자자들(5AM 계열 펀드 포함)이 초기 마감에서 주식과 선매권을 매입했다고 발표했다. Ventures VII은 2025년 9월 11일 주당 1.53달러로 2,941,176주를 매입해 450만 달러를 지불했다. 초기 마감은 PIPE 투자자들에게 26,681,053주와 선매권을 발행했다. PIPE에는 두 가지 트리거가 발생하면 최대 32,721,172주 추가 주식이나 선매권을 매도할 수 있는 제2차 마감 옵션이 포함되어 있다: (i) 회사의 SYNGAP1 관련 질환 후보에 대한 임상 시험 시작에 대한 규제 승인, 및 (ii) 측정 기간 동안 VWAP 기반 가격이 7.50달러인 경우 또는 PIPE 투자자들의 면제 여부 중 하나. 투자자들은 등록 권리를 받았으며, 발행사는 초기 마감 60일 이내에 최초 등록서를 제출하고 재매를 위해 이를 유지하기 위해 최선을 다해야 한다. 보고자들은 5AM 계열의 차량을 통해 직접 보유를 공시하며(예: Ventures VI: 2,625,145주; Ventures VII: 2,941,176주; Opportunities II: 302,770주), Schwab와 Parmar 개인에 귀속된 총 수혜 소유권은 명시된 주식 기반을 바탕으로 5,869,091주(12.5%)로 보고된다.

CAMP4 Therapeutics a annoncé un investissement privé (Private Placement de septembre 2025) dans lequel des investisseurs institutionnels PIPE, y compris des fonds affiliés à 5AM, ont acheté des actions et warrants préfinancés lors d'une clôture initiale. Ventures VII a acheté 2 941 176 actions à 1,53 $ par action pour 4,5 millions de dollars le 11 septembre 2025. La clôture initiale a émis 26 681 053 actions et warrants préfinancés aux investisseurs PIPE. Le PIPE comprend une option pour une deuxième clôture afin de vendre jusqu'à 32 721 172 actions ou warrants préfinancés supplémentaires si deux déclencheurs surviennent: (i) l'approbation réglementaire pour démarrer un essai clinique pour le candidat lié au trouble SYNGAP1 de la société et (ii) soit un seuil de prix VWAP de 7,50 dollars pendant une période de Mesure désignée, soit une dérogation par les investisseurs PIPE. Les investisseurs ont reçu des droits d'enregistrement; l'émetteur doit déposer une première déclaration d'enregistrement dans les 60 jours suivant la clôture initiale et déployer ses meilleurs efforts pour la maintenir en vigueur pour la revente. Les personnes qui déclarent les détentions divulguent des participations directes via des véhicules 5AM avec des participations spécifiques (par ex., Ventures VI: 2 625 145 actions; Ventures VII: 2 941 176 actions; Opportunities II: 302 770 actions), et la propriété bénéficiaire globale attribuée aux individus Schwab et Parmar s'élève à 5 869 091 actions (12,5%) sur la base du nombre d'actions déclaré.

CAMP4 Therapeutics hat eine private Investition (September 2025 Private Placement) bekannt gegeben, bei der institutionelle PIPE-Investoren, darunter 5AM-verbundene Fonds, Aktien und vorfinanzierte Warrants im Rahmen eines Initial Closings erworben haben. Ventures VII kaufte 2.941.176 Aktien zu 1,53 USD pro Aktie für 4,5 Mio. USD am 11. September 2025. Das Initial Closing gab PIPE-Investoren 26.681.053 Aktien und vorfinanzierte Warrants aus. Der PIPE enthält eine Option für einen Second Closing, um bis zu 32.721.172 zusätzliche Aktien oder vorfinanzierte Warrants zu verkaufen, falls zwei Trigger eintreten: (i) regulatorische Zulassung zum Start einer klinischen Studie für den SYNGAP1-bezogenen Störungs-Kandidaten des Unternehmens und (ii) entweder eine VWAP-basierte Preisgrenze von 7,50 USD während eines festgelegten Messzeitraums oder ein Verzicht durch PIPE-Investoren. Die Investoren erhielten Registrierungsrechte; der Emittent muss innerhalb von 60 Tagen nach dem Initial Closing eine erste Registrierungsanmeldung einreichen und sich bemühen, sie für den Weiterverkauf wirksam zu halten. Offenlegung durch meldende Personen zeigt direkte Anteile durch 5AM-Vehicles, z. B. Ventures VI: 2.625.145 Aktien; Ventures VII: 2.941.176 Aktien; Opportunities II: 302.770 Aktien, und das aggregierte wirtschaftliche Eigentum, das den Individuen Schwab und Parmar zugeordnet wird, beläuft sich auf 5.869.091 Aktien (12,5%) basierend auf der angegebenen Aktienbasis.

أعلنت CAMP4 Therapeutics عن استثمار خاص (Private Placement في سبتمبر 2025) حيث قام مستثمرون مؤسسيون PIPE، من بينهم صناديق مرتبطة بـ5AM، بشراء أسهم و-warrants مموَّلة مقدمًا في إغلاق مبدئي. اشترت Ventures VII 2,941,176 سهماً بسعر 1.53 دولار للسهم لمسؤول 4.5 ملايين دولار في 11 سبتمبر 2025. أصدر الإغلاق الأول 26,681,053 سهماً و-warrants مموَّلة مقدمًا لمستثمري PIPE. يتضمن PIPE خيار إغلاق ثاني لبيع حتى 32,721,172 سهماً إضافياً أو warrants مموَّلة مقدمًا إذا حدثا محوريان: (i) الموافقة التنظيمية لبدء تجربة سريرية للمرشح المرتبط باضطراب SYNGAP1 لدى الشركة و(ii) إما عتبة سعر قائمة على VWAP قدرها 7.50 دولارات خلال فترة قياس محددة أو إعفاء من قبل مستثمري PIPE. يحصل المستثمرون على حقوق التسجيل؛ يجب على المصدر تقديم بيان تسجيل أول خلال 60 يوماً من الإغلاق الأول وبذل أقصى جهد للحفاظ عليه ساريًا لإعادة البيع. يكشف الأشخاص المبلّغون عن الحيازات المباشرة من خلال مركبات 5AM مع حصص محددة (مثلاً Ventures VI: 2,625,145 سهماً؛ Ventures VII: 2,941,176 سهماً؛ Opportunities II: 302,770 سهماً)، وتُذكر الملكية الاستفادية الإجمالية المنسوبة إلى الأفراد Schwab وParmar بـ 5,869,091 سهماً (12.5%) بناءً على قاعدة الأسهم المعلنة.

CAPM4 Therapeutics 宣布了一项私募投资(2025年9月私募配售),其中包括5AM关联基金在内的机构PIPE投资者在初始收盘时购买了股票和预融资认股权证。Ventures VII 以每股1.53美元购买了 2,941,176 股,总额为 450 万美元,日期为 2025 年 9 月 11 日。初始收盘向 PIPE 投资者发行了 26,681,053 股股票和预融资认股权证。 PIPE 包含在触发两项条件时进行第二次收盘以出售最多 32,721,172 股额外股票或预融资认股权证的选项:(i) 公司针对其 SYNGAP1 相关疾病候选药物启动临床试验获得监管批准,以及 (ii) 在指定的评估期内出现以 VWAP 为基础的 7.50 美元价格阈值,或 PIPE 投资者的豁免。投资者获得注册权;发行方必须在初始收盘后 60 天内提交初始注册申报,并竭尽全力使其有效以便转售。披露的报告人披露通过 5AM 机构的直接持股,具体持股如 Ventures VI: 2,625,145 股;Ventures VII: 2,941,176 股;Opportunities II: 302,770 股,并且基于所述股本,Schwab 与 Parmar 个人的综合受益所有权为 5,869,091 股(12.5%)

Positive
  • Immediate capital infusion: Initial Closing issued 26,681,053 shares, providing financing support to the issuer.
  • Registration rights granted: Issuer must file an initial registration statement within 60 days, facilitating resale by PIPE investors.
  • Clear ownership disclosure: Reporting Persons provide explicit share counts and percentages, improving transparency.
Negative
  • Potential dilution: Second Closing could issue up to 32,721,172 additional shares or pre-funded warrants if triggers are met.
  • Contingent funding: Additional investment depends on a regulatory CTA milestone and a $7.50 VWAP price threshold or investor waivers, making future capital uncertain.
  • Concentrated influence: Shared voting and dispositive power over 5,869,091 shares (12.5%) is held by two individuals via 5AM entities, which may centralize decision-making.

Insights

TL;DR: A meaningful PIPE closes with 5AM entities taking sizeable positions and registration rights; potential further funding is contingent on clinical and market triggers.

The Initial Closing supplies immediate capital and establishes resale registration which reduces lock-up friction for PIPE investors. The Second Closing mechanism ties additional funding to a regulatory CTA milestone and a market-price condition, limiting near-term dilution unless clinical progress and share-price appreciation occur. Beneficial ownership figures are disclosed clearly, with Schwab and Parmar collectively attributable to 5,869,091 shares (12.5%), signaling concentrated influence via 5AM vehicles.

TL;DR: Disclosure is thorough: joint filing agreement, registration rights and conditional second tranche are documented; governance influence is concentrated in managing members.

The filing clarifies voting and dispositive powers are shared through general partner structures and that the Reporting Persons disclaim group status. Registration Rights Agreement and customary indemnities are included, which protect PIPE investors’ resale capacity. The conditional Second Closing creates dependency on a regulatory milestone and optional investor waivers, which may affect governance dynamics if additional shares are issued later.

CAMP4 Therapeutics ha annunciato un investimento privato (Private Placement settembre 2025) in cui investitori istituzionali PIPE, inclusi fondi affiliati a 5AM, hanno acquistato azioni e warrant prefinanziati in una chiusura iniziale. Ventures VII ha acquistato 2.941.176 azioni a 1,53$ per azione per 4,5 milioni di dollari l'11 settembre 2025. La chiusura iniziale ha emesso 26.681.053 azioni e warrant prefinanziati agli investitori PIPE. Il PIPE comprende un'opzione per una Second Closing per vendere fino a 32.721.172 ulteriori azioni o warrant prefinanziati se si verificano due condizioni: (i) l'accettazione regolamentare per avviare uno studio clinico per il candidato relativo al disturbo SYNGAP1 dell'azienda e (ii) o un soglia di prezzo VWAP di 7,50 dollari durante un periodo di Misurazione designato o una deroga da parte degli investitori PIPE. Gli investitori hanno ricevuto diritti di registrazione; l'emittente deve presentare una prima dichiarazione di registrazione entro 60 giorni dalla Chiusura Iniziale e fare il possibile per mantenerla efficace per la rivendita. I soggetti che riportano le proprie partecipazioni divulgano possedimenti diretti tramite veicoli 5AM per quote specifiche (ad es., Ventures VI: 2.625.145 azioni; Ventures VII: 2.941.176 azioni; Opportunities II: 302.770 azioni), e la proprietà beneficiaria aggregata attribuita agli individui Schwab e Parmar di 5.869.091 azioni (12,5%) basata sulla base azionaria dichiarata.

CAMP4 Therapeutics anunció una inversión privada (Private Placement de septiembre de 2025) en la que inversores institucionales PIPE, incluidos fondos afiliados a 5AM, compraron acciones y warrants prefinanciados en un cierre inicial. Ventures VII compró 2,941,176 acciones a 1,53$ por acción por 4,5 millones de dólares el 11 de septiembre de 2025. El cierre inicial emitió 26,681,053 acciones y warrants prefinanciados a los inversores PIPE. El PIPE incluye una opción para un Segundo Cierre para vender hasta 32,721,172 acciones o warrants prefinanciados adicionales si ocurren dos desencadenantes: (i) aprobación regulatoria para iniciar un ensayo clínico para el candidato de la empresa relacionado con el trastorno SYNGAP1 y (ii) ya sea un umbral de precio basado en VWAP de 7,50 dólares durante un Período de Medición designado o una renuncia por parte de los inversores PIPE. Los inversores recibieron derechos de registro; el emisor debe presentar una declaración de registro inicial dentro de los 60 días siguientes al Cierre Inicial y hacer su mejor esfuerzo para mantenerla vigente para la reventa. Los responsables que reportan divulgan participaciones directas por vehículos 5AM con participaciones específicas (p. ej., Ventures VI: 2.625.145 acciones; Ventures VII: 2.941.176 acciones; Opportunities II: 302.770 acciones), y la propiedad beneficiaria agregada atribuida a los individuos Schwab y Parmar de 5.869.091 acciones (12,5%) basada en la base de acciones declarada.

CAMP4 Therapeutics는 2025년 9월 Private Placement로 기관 PIPE 투자자들(5AM 계열 펀드 포함)이 초기 마감에서 주식과 선매권을 매입했다고 발표했다. Ventures VII은 2025년 9월 11일 주당 1.53달러로 2,941,176주를 매입해 450만 달러를 지불했다. 초기 마감은 PIPE 투자자들에게 26,681,053주와 선매권을 발행했다. PIPE에는 두 가지 트리거가 발생하면 최대 32,721,172주 추가 주식이나 선매권을 매도할 수 있는 제2차 마감 옵션이 포함되어 있다: (i) 회사의 SYNGAP1 관련 질환 후보에 대한 임상 시험 시작에 대한 규제 승인, 및 (ii) 측정 기간 동안 VWAP 기반 가격이 7.50달러인 경우 또는 PIPE 투자자들의 면제 여부 중 하나. 투자자들은 등록 권리를 받았으며, 발행사는 초기 마감 60일 이내에 최초 등록서를 제출하고 재매를 위해 이를 유지하기 위해 최선을 다해야 한다. 보고자들은 5AM 계열의 차량을 통해 직접 보유를 공시하며(예: Ventures VI: 2,625,145주; Ventures VII: 2,941,176주; Opportunities II: 302,770주), Schwab와 Parmar 개인에 귀속된 총 수혜 소유권은 명시된 주식 기반을 바탕으로 5,869,091주(12.5%)로 보고된다.

CAMP4 Therapeutics a annoncé un investissement privé (Private Placement de septembre 2025) dans lequel des investisseurs institutionnels PIPE, y compris des fonds affiliés à 5AM, ont acheté des actions et warrants préfinancés lors d'une clôture initiale. Ventures VII a acheté 2 941 176 actions à 1,53 $ par action pour 4,5 millions de dollars le 11 septembre 2025. La clôture initiale a émis 26 681 053 actions et warrants préfinancés aux investisseurs PIPE. Le PIPE comprend une option pour une deuxième clôture afin de vendre jusqu'à 32 721 172 actions ou warrants préfinancés supplémentaires si deux déclencheurs surviennent: (i) l'approbation réglementaire pour démarrer un essai clinique pour le candidat lié au trouble SYNGAP1 de la société et (ii) soit un seuil de prix VWAP de 7,50 dollars pendant une période de Mesure désignée, soit une dérogation par les investisseurs PIPE. Les investisseurs ont reçu des droits d'enregistrement; l'émetteur doit déposer une première déclaration d'enregistrement dans les 60 jours suivant la clôture initiale et déployer ses meilleurs efforts pour la maintenir en vigueur pour la revente. Les personnes qui déclarent les détentions divulguent des participations directes via des véhicules 5AM avec des participations spécifiques (par ex., Ventures VI: 2 625 145 actions; Ventures VII: 2 941 176 actions; Opportunities II: 302 770 actions), et la propriété bénéficiaire globale attribuée aux individus Schwab et Parmar s'élève à 5 869 091 actions (12,5%) sur la base du nombre d'actions déclaré.

CAMP4 Therapeutics hat eine private Investition (September 2025 Private Placement) bekannt gegeben, bei der institutionelle PIPE-Investoren, darunter 5AM-verbundene Fonds, Aktien und vorfinanzierte Warrants im Rahmen eines Initial Closings erworben haben. Ventures VII kaufte 2.941.176 Aktien zu 1,53 USD pro Aktie für 4,5 Mio. USD am 11. September 2025. Das Initial Closing gab PIPE-Investoren 26.681.053 Aktien und vorfinanzierte Warrants aus. Der PIPE enthält eine Option für einen Second Closing, um bis zu 32.721.172 zusätzliche Aktien oder vorfinanzierte Warrants zu verkaufen, falls zwei Trigger eintreten: (i) regulatorische Zulassung zum Start einer klinischen Studie für den SYNGAP1-bezogenen Störungs-Kandidaten des Unternehmens und (ii) entweder eine VWAP-basierte Preisgrenze von 7,50 USD während eines festgelegten Messzeitraums oder ein Verzicht durch PIPE-Investoren. Die Investoren erhielten Registrierungsrechte; der Emittent muss innerhalb von 60 Tagen nach dem Initial Closing eine erste Registrierungsanmeldung einreichen und sich bemühen, sie für den Weiterverkauf wirksam zu halten. Offenlegung durch meldende Personen zeigt direkte Anteile durch 5AM-Vehicles, z. B. Ventures VI: 2.625.145 Aktien; Ventures VII: 2.941.176 Aktien; Opportunities II: 302.770 Aktien, und das aggregierte wirtschaftliche Eigentum, das den Individuen Schwab und Parmar zugeordnet wird, beläuft sich auf 5.869.091 Aktien (12,5%) basierend auf der angegebenen Aktienbasis.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






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SCHEDULE 13D


5AM Ventures VI, L.P.
Signature:/s/ Andrew J. Schwab
Name/Title:By 5AM Partners VI, LLC, its General Partner, By Andrew J. Schwab, Managing Member
Date:09/11/2025
5AM Partners VI, LLC
Signature:/s/ Andrew J. Schwab
Name/Title:By Andrew J. Schwab, Managing Member
Date:09/11/2025
5AM Ventures VII, L.P.
Signature:/s/ Andrew J. Schwab
Name/Title:By 5AM Partners VII, LLC, its General Partner, By Andrew J. Schwab, Managing Member
Date:09/11/2025
5AM Partners VII, LLC
Signature:/s/ Andrew J. Schwab
Name/Title:By Andrew J. Schwab, Managing Member
Date:09/11/2025
5AM Opportunities II, L.P.
Signature:/s/ Andrew J. Schwab
Name/Title:By 5AM Opportunities II (GP), LLC, its General Partner, By Andrew J. Schwab, Managing Member
Date:09/11/2025
5AM Opportunities II (GP), LLC
Signature:/s/ Andrew J. Schwab
Name/Title:By Andrew J. Schwab, Managing Member
Date:09/11/2025
Andrew J. Schwab
Signature:/s/ Andrew J. Schwab
Name/Title:Andrew J. Schwab
Date:09/11/2025
Kush Parmar
Signature:/s/ Kush Parmar
Name/Title:Kush Parmar
Date:09/11/2025

FAQ

What did the 5AM entities purchase in the CAMP (CAMP) September 2025 Private Placement?

Ventures VII purchased 2,941,176 shares at $1.53 per share for a total of $4.5 million in the Initial Closing on September 11, 2025.

How many shares were issued in the Initial Closing and at what price?

The Initial Closing issued 26,681,053 shares of common stock at a purchase price of $1.53 per share, plus pre-funded warrants at $1.5299 each.

What conditions must be met for the Second Closing in the PIPE transaction?

The Second Closing requires (i) regulatory acceptance or clearance to start a clinical trial for the SYNGAP1 candidate (the CTA Milestone) and (ii) either a $7.50 VWAP price threshold during the Measurement Period or a waiver by PIPE investors holding a majority of outstanding securities.

What resale or registration protections do PIPE investors have?

PIPE investors received a Registration Rights Agreement requiring the issuer to file an initial registration statement within 60 days of the Initial Closing and to use best efforts to have it become effective within stated timeframes.

How much beneficial ownership do Andrew Schwab and Kush Parmar have in CAMP4?

Schwab and Parmar are each attributed shared voting and dispositive power over a combined 5,869,091 shares, representing 12.5% of the class as reported.
Camp4 Therapeutics Corp.

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Biotechnology
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United States
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