CG Oncology (NASDAQ: CGON) expands ATM stock offering to $550M

Rhea-AI Filing Summary

CG Oncology, Inc. filed an amendment to its prospectus to increase its at-the-market common stock offering under a sales agreement with Jefferies LLC to an aggregate offering price of up to $550,000,000. The amendment updates a prior prospectus that covered up to $250,000,000 of common stock under the same agreement. CG Oncology has already sold 5,861,984 shares for gross proceeds of $250,000,000 under this program, and the amendment adds up to an additional $300,000,000 of common stock capacity.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 13, 2026

CG Oncology, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-41925		37-1611499
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)
400 Spectrum Center Drive
Suite 2040
Irvine, California				92618
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (949) 409-3700

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		CGON		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On January 13, 2026, CG Oncology, Inc. (the “Company”) filed Amendment No. 1 to Prospectus (the “Amendment”) with the Securities and Exchange Commission (the “SEC”) for the offer and sale of shares of its common stock, par value $0.0001 per share, having an aggregate offering price of up to $550,000,000 (the “Shares”), pursuant to that certain Open Market Sale Agreement, dated March 28, 2025, by and between the Company and Jefferies LLC (the “Sales Agreement”). The Amendment amends and supplements the information in the prospectus dated March 28, 2025 (the “Prospectus”) filed with the SEC as part of the Company’s Registration Statement on Form S-3ASR (File No. 333-286230), relating to the offer and sale of up to $250,000,000 of shares of the Company’s common stock pursuant to the Sales Agreement. The Amendment should be read in conjunction with the Prospectus, and is qualified by reference thereto, except to the extent that the information therein amends or supersedes the information contained in the Prospectus. The Amendment is not complete without, and may only be delivered or utilized in connection with, the Prospectus and any future amendments or supplements thereto.

The Company previously sold an aggregate of 5,861,984 Shares for gross proceeds of $250,000,000 under the Sales Agreement. The Company filed the Amendment to increase the Shares available to be sold pursuant to the terms of the Sales Agreement by an additional $300,000,000, for an aggregate offering price of up to $550,000,000.

A copy of the opinion of Cooley LLP relating to the validity of the Shares is attached as Exhibit 5.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
5.1		Opinion of Cooley LLP
23.1		Consent of Cooley LLP (included in Exhibit 5.1)
104		Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				CG Oncology, Inc.
Dated: January 13, 2026				By:		/s/ Josh Patterson
						Josh Patterson
						General Counsel and Chief Compliance Officer

FAQ

What did CG Oncology (CGON) report in this 8-K filing?

CG Oncology reported that it filed Amendment No. 1 to its prospectus to increase the size of its at-the-market common stock offering under an existing sales agreement with Jefferies LLC to an aggregate offering price of up to $550,000,000.

How large is CG Oncology’s at-the-market offering after the amendment?

After the amendment, CG Oncology’s at-the-market common stock offering has an aggregate offering price of up to $550,000,000 under the Open Market Sale Agreement with Jefferies LLC.

How much has CG Oncology already sold under the Sales Agreement?

CG Oncology previously sold an aggregate of 5,861,984 shares of common stock for gross proceeds of $250,000,000 under the Open Market Sale Agreement before filing this amendment.

By how much did CG Oncology increase the capacity of its stock sales program?

CG Oncology increased the capacity of its stock sales program by an additional $300,000,000 of common stock, bringing the total potential aggregate offering price to $550,000,000.

Who is acting as sales agent for CG Oncology’s at-the-market offering?

Jefferies LLC is acting as sales agent for CG Oncology’s at-the-market offering under the Open Market Sale Agreement dated March 28, 2025.

What legal opinion was included with this CG Oncology 8-K?

The filing includes an opinion of Cooley LLP relating to the validity of the common stock shares being offered, attached as Exhibit 5.1, with a related consent included in Exhibit 23.1.