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Esperion (NASDAQ: ESPR) gains HSR clearance ahead merger vote

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Esperion Therapeutics, Inc. reports that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its planned merger with Essence Parent Inc., an affiliate of ArchiMed SAS, expired at 11:59 p.m. Eastern Time on June 15, 2026.

The merger would make Esperion a wholly owned subsidiary of Essence Parent Inc. Completion still depends on other customary closing conditions in the Merger Agreement, including stockholder approval. A special virtual stockholder meeting to consider adoption of the Merger Agreement is scheduled for July 8, 2026 at 8:00 a.m. Eastern Time.

Positive

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Insights

HSR expiration advances the ArchiMed buyout but closing still depends on shareholder approval and other conditions.

The expiration of the Hart-Scott-Rodino waiting period removes a key U.S. antitrust review step for the proposed merger between Esperion Therapeutics and Essence Parent Inc., an affiliate of ArchiMed SAS. This means regulators did not move to block or extend review within the statutory period.

However, the transaction still requires satisfaction of other conditions in the Merger Agreement, including adoption of the agreement by Esperion’s stockholders and other customary closing conditions. The company has set a virtual special meeting for July 8, 2026 at 8:00 a.m. Eastern Time for stockholders to vote on the merger.

The filing also highlights standard forward-looking risk factors, such as the possibility of termination of the Merger Agreement, failure to achieve required approvals, disruption to relationships, potential litigation, and the risk that net sales milestones tied to contingent value rights may not be met. These reinforce that final outcomes remain uncertain until all conditions are satisfied and the merger actually closes.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
HSR waiting period expiration June 15, 2026, 11:59 p.m. Eastern Time Expiration time for Hart-Scott-Rodino antitrust waiting period
Special meeting date July 8, 2026 Virtual stockholder meeting to consider adoption of Merger Agreement at 8:00 a.m. Eastern Time
Merger structure MergerCo into Esperion; Esperion survives Company to become wholly owned subsidiary of Essence Parent Inc.
Hart-Scott-Rodino Antitrust Improvements Act of 1976 regulatory
"the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976"
contingent value rights financial
"the potential to achieve the milestones related to the contingent payments under the CVR"
Contingent value rights are special financial instruments that give their holder the potential to receive additional payments if certain future events or conditions happen, such as the achievement of specific business milestones. They are like a promise of extra rewards that depend on how well a project or company performs later on. Investors care about them because they offer a chance for extra gains but also carry uncertainty, as the extra payments are not guaranteed.
Merger Agreement financial
"entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Essence Parent Inc."
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
proxy statement on Schedule 14A regulatory
"the Company h (the “SEC”) a proxy statement on Schedule 14A (the “Proxy Statement”) relating to a special meeting"
A proxy statement on Schedule 14A is the official, regulator-filed packet of information companies send to shareholders before a vote, like a mailed agenda and background materials for a town-hall meeting. It explains who is running for the board, items up for approval, key executive pay and risks, and how to vote — details investors use to judge leadership, governance and potential changes that can affect share value.
special meeting of its stockholders financial
"a proxy statement on Schedule 14A ... relating to a special meeting of its stockholders"
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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): June 15, 2026

 

 

 

Esperion Therapeutics, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-35986   26-1870780
(State or Other Jurisdiction of
Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

3891 Ranchero Drive, Suite 150
Ann Arbor, Michigan
48108
(Address of Principal Executive Offices) (Zip Code)

 

(734) 887-3903

(Registrant’s Telephone Number, Including Area Code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

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)

 

x 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 $0.001 per share   ESPR   The Nasdaq Stock Market LLC

 

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.

 

As previously disclosed, on May 1, 2026, Esperion Therapeutics, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Essence Parent Inc., a Delaware corporation and an affiliate of ArchiMed SAS (“Parent”), and Essence MergerCo Inc., a Delaware corporation and wholly owned subsidiary of Parent (“MergerCo”), pursuant to which, and on the terms and subject to the conditions thereof, MergerCo will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Parent.

 

The completion of the Merger is conditioned upon, among other things, the expiration or termination of the required waiting period applicable to the consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Waiting Period”). The HSR Waiting Period expired at 11:59 p.m., Eastern Time, on June 15, 2026.

 

The completion of the Merger remains subject to the satisfaction of other customary closing conditions specified in the Merger Agreement, including the adoption of the Merger Agreement by the Company’s stockholders. As previously disclosed, the special stockholder meeting to consider adoption of the Merger Agreement has been scheduled to be held virtually on July 8, 2026 at 8:00 a.m. Eastern Time.

 

Forward-Looking Statements

 

Any statements in this Current Report on Form 8-K regarding the Company’s future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties and actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding Parent’s proposed acquisition of the Company, the ability of Parent and the Company to complete the transactions contemplated by the Merger Agreement, including the parties’ ability to satisfy the conditions set forth in the Merger Agreement, statements about the expected timetable for completing the Merger, the potential effects of the pending acquisition on the Company, and the potential to achieve the milestones related to the contingent payments under the CVR, and other statements containing the words “anticipates,” “believes,” “continue,” “expects,” “intends,” “estimates,” “plans,” “may,” “will,” “could,” “would,” “project,” “potential” and similar expressions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Such risks and uncertainties include, without limitation, (i) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; (ii) the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction, including the receipt of required regulatory approvals and the requisite approval of the Company’s stockholders; (iii) the effects of disruption on the Company from the proposed transaction and the impact of the announcement and pendency of the proposed transaction on the Company’s business, results of operations and financial condition; (iv) the effects of the proposed transaction on the Company’s relationships with customers, employees, other business partners or governmental or regulatory entities; (v) the risks related to non-achievement of any net sales milestone and that holders of the CVRs will not receive any payments in respect of the CVRs; (vi) the response of competitors to the proposed transaction; (vii) risks associated with the disruption of management’s attention from ongoing business operations due to the proposed transaction; (viii) the ability of the parties to consummate the proposed transaction in a timely manner or at all; (ix) significant costs associated with the proposed transaction; (x) potential litigation relating to the proposed transaction; (xi) restrictions during the pendency of the proposed transaction that may impact the Company’s ability to pursue certain business opportunities; (xii) risks related to the net sales, profitability, commercial development and launch plans, and growth of the Company’s commercial products; (xiii) risks and uncertainties related to regulatory applications, review and approval processes, and the Company’s compliance with applicable legal and regulatory requirements; (xiv) general industry conditions, competition, and the outcomes and anticipated benefits of legal proceedings and settlements; and (xv) general economic factors. These and other risks are described in additional detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company’s other filings with the SEC, available on the SEC’s website at www.sec.gov. All forward-looking statements contained in this Current Report on Form 8-K speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise.

 

 

 

 

Additional Information and Where to Find It

 

In connection with the proposed transaction between the Company and Parent, the Company has filed with the Securities and Exchange Commission (the “SEC”) a proxy statement on Schedule 14A (the “Proxy Statement”) relating to a special meeting of its stockholders. Additionally, the Company may file other relevant materials with the SEC in connection with the proposed transaction. Investors and securityholders of the Company are urged to read the Proxy Statement and any other relevant materials filed or that will be filed with the SEC, as well as any amendments or supplements to these materials and documents incorporated by reference therein, carefully and in their entirety when they become available because they contain or will contain important information about the proposed transaction and related matters. The Proxy Statement has been mailed or otherwise made available to the Company’s securityholders. Investors and securityholders are able to obtain a copy of the Proxy Statement as well as other filings containing information about the proposed transaction that are filed by the Company with the SEC, free of charge on EDGAR at www.sec.gov, on the investor relations page of the Company’s website at esperion.com/investors-media or by contacting the Company’s investor relations department at investorrelations@esperion.com.

 

Participants in the Solicitation

 

The Company and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in respect of the proposed transaction and any other matters to be voted on at the special meeting. Information about the Company’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, can be found in the Company’s definitive proxy statement for its 2026 Annual Meeting of Stockholders, as filed with the SEC on April 16, 2026 (available here). The Company’s stockholders may obtain additional information regarding the direct and indirect interests of participants in the solicitation of proxies in connection with the proposed transaction, including the interests of the Company’s directors and executive officers in the proposed transaction, which may be different than those of the Company’s stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the proposed transaction (when available). You may obtain free copies of these documents using the sources indicated above.

 

 

 

 

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.

 

  Esperion Therapeutics, Inc.
     
Date: June 16, 2026 By: /s/ Sheldon L. Koenig
    Sheldon L. Koenig
    President and Chief Executive Officer

 

 

 

FAQ

What did Esperion Therapeutics (ESPR) announce about antitrust review for its merger?

Esperion Therapeutics announced that the Hart-Scott-Rodino antitrust waiting period for its planned merger with Essence Parent Inc. expired at 11:59 p.m. Eastern Time on June 15, 2026, removing a key U.S. antitrust review step for the transaction.

Is the ArchiMed-led acquisition of Esperion (ESPR) now guaranteed to close?

The acquisition is not guaranteed to close. Although the HSR waiting period has expired, completion of the merger still depends on satisfying other customary closing conditions in the Merger Agreement, including adoption of the Merger Agreement by Esperion’s stockholders at the upcoming special meeting.

When will Esperion (ESPR) stockholders vote on the proposed merger?

Esperion has scheduled a special virtual stockholder meeting for July 8, 2026 at 8:00 a.m. Eastern Time. At this meeting, stockholders will consider adoption of the Merger Agreement relating to the proposed acquisition by Essence Parent Inc., an affiliate of ArchiMed SAS.

What ongoing risks does Esperion (ESPR) highlight about the proposed merger?

Esperion lists risks including possible termination of the Merger Agreement, failure to obtain required stockholder and regulatory approvals, business disruption, potential litigation, significant transaction costs, and the risk that net sales milestones related to contingent value rights may not be achieved, preventing any related contingent payments.

Where can Esperion (ESPR) investors find detailed information about the merger?

Investors can review the proxy statement on Schedule 14A filed with the SEC for the special meeting, along with other SEC filings available on www.sec.gov and the investor relations section of esperion.com, which together provide detailed information about the proposed merger and related matters.

What are contingent value rights (CVRs) mentioned in the Esperion (ESPR) merger filing?

The filing notes contingent value rights tied to future net sales milestones. It warns of risks that these milestones may not be achieved, in which case holders of the CVRs would not receive any payments, highlighting outcome uncertainty around these additional potential merger-related payments.

Filing Exhibits & Attachments

3 documents