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Lakefront Biotherapeutics (LKFT) repurchases 97,497 shares in July

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lakefront Biotherapeutics reported that under its share repurchase program announced on June 9, 2026, it bought back 97,497 ordinary shares between July 27 and July 31, 2026 through a discretionary mandate to an independent financial intermediary. The shares were repurchased at an average price of €24.48, for a total cost of €2,386,239.93, with transaction prices ranging between €23.68 and €25.04 across several European trading venues.

After these transactions, Lakefront held 704,216 of its own ordinary shares as of market close on July 31, 2026. The company characterizes its plans to repurchase additional ordinary shares as forward-looking statements that are subject to risks and uncertainties described in its reports filed with the SEC.

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Filing Explained

As a Form 6-K, this filing furnishes Lakefront’s interim repurchase disclosure and incorporates the report, including Exhibit 99.1, into the company’s listed Form S-8 registration statements, making that disclosure part of those registration statements by reference.

Shares repurchased 97,497 shares Ordinary shares repurchased between July 27 and July 31, 2026
Average purchase price €24.48 Average price paid per share for the 97,497 shares repurchased
Total repurchase amount €2,386,239.93 Aggregate consideration paid for shares bought back July 27–31, 2026
Lowest repurchase price €23.68 Lowest price paid per share during the July 27–31, 2026 period
Highest repurchase price €25.04 Highest price paid per share during the July 27–31, 2026 period
Treasury shares held 704,216 shares Own ordinary shares held as of market close on July 31, 2026
repurchase program financial
"Within the framework of the repurchase program announced on June 9, 2026"
A repurchase program is when a company buys back its own shares from the open market. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, it often suggests that the company believes its stock is undervalued and can be a sign of financial strength.
discretionary mandate financial
"it has repurchased 97,497 Lakefront shares between via a discretionary mandate"
independent financial intermediary financial
"via a discretionary mandate to an independent financial intermediary"
BCMAxCD3 T‑cell engager medical
"anchored by gamgertamig, a potential first‑in‑class and best-in-class BCMAxCD3 T‑cell engager"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share repurchases did Lakefront Biotherapeutics (LKFT) complete in late July 2026?
Lakefront Biotherapeutics repurchased 97,497 ordinary shares between July 27 and July 31, 2026 under its June 2026 buyback program, using a discretionary mandate to an independent financial intermediary across multiple European trading venues.

How much did Lakefront Biotherapeutics (LKFT) spend on its July 2026 share buybacks?
The company spent a total of €2,386,239.93 repurchasing 97,497 ordinary shares in late July 2026, paying an average price of €24.48 per share under its ongoing share repurchase program.

At what prices did Lakefront Biotherapeutics (LKFT) repurchase shares during July 27–31, 2026?
During this period, Lakefront paid an average price of €24.48 per share, with individual transactions executed between a low of €23.68 and a high of €25.04 across several European trading venues.

How many treasury shares does Lakefront Biotherapeutics (LKFT) hold after the July 2026 repurchases?
As of market close on July 31, 2026, Lakefront held 704,216 of its own ordinary shares, reflecting cumulative purchases under its share repurchase program announced on June 9, 2026.

Under what program and structure were Lakefront Biotherapeutics (LKFT) shares repurchased?
The July 2026 share repurchases occurred within Lakefront’s repurchase program announced on June 9, 2026 and were executed via a discretionary mandate granted to an independent financial intermediary.
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-37384

Lakefront Biotherapeutics
(Translation of registrant's name into English)

Schaliënhoevedreef 20T, 2800 Mechelen, Belgium
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

The information contained in this Report on Form 6-K, including Exhibit 99.1, is hereby incorporated by reference into the Company's Registration Statements on Form S-8 (File Nos. 333-204567, 333-208697, 333-211834, 333-215783, 333- 218160, 333-225263, 333-231765, 333-249416, 333-260500, 333-268756, 333-275886, 333-283361, and 333-292050).

On August 4, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Exhibit 99.1. Press release dated August 4, 2026

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, thereunto duly authorized.

      Lakefront Biotherapeutics    
  (Registrant)
   
  
Date: August 4, 2026     /s/ Ying Deng    
  Ying Deng
  Authorized Officer
  

EXHIBIT 99.1

Acquisition of Own Shares

Mechelen, Belgium; 04 August 2026, 22.01 CET; regulated information

Within the framework of the repurchase program announced on June 9, 2026, Lakefront Biotherapeutics NV (Euronext & NASDAQ: LKFT) ("Lakefront") announces that between July 27, 2026 and July 31, 2026, it has repurchased 97,497 Lakefront shares between via a discretionary mandate to an independent financial intermediary, as follows:

Date of purchaseMarket/MTFNumber of sharesAverage price paid (€)Total (€)Lowest price paid (€)Highest price paid (€)
27/07/2026XAMS17,14324.70423,425.2424.4624.84
27/07/2026TQEX5924.681,456.1224.6824.68
27/07/2026CEUX2,22824.7255,085.2924.6824.76
27/07/2026AQEU29624.697,308.7124.6624.72
28/07/2026XAMS15,20124.70375,438.8624.5825.04
28/07/2026TQEX98324.6824,263.8824.6424.78
28/07/2026CEUX4,09724.70101,205.3224.6224.84
29/07/2026XAMS16,04724.75397,180.9024.4025.04
29/07/2026TQEX24624.956,136.8924.9224.96
29/07/2026CEUX2,25324.7655,787.4324.4825.02
29/07/2026AQEU47724.8011,830.3624.5024.94
30/07/2026XAMS16,16324.09389,285.8523.8424.36
30/07/2026TQEX19524.124,704.2424.0424.16
30/07/2026CEUX1,82024.1443,927.1623.9824.30
30/07/2026AQEU91724.2522,236.1524.0424.32
31/07/2026XAMS16,49924.11397,787.5923.6824.40
31/07/2026TQEX81024.3719,736.6224.1624.46
31/07/2026CEUX2,06323.9749,443.3023.8624.24
Total 97,49724.482,386,239.9323.6825.04

As of market close on 31 July 2026, Lakefront holds 704,216 of its own ordinary shares.

About Lakefront Biotherapeutics
Lakefront Biotherapeutics (formerly known as Galapagos) is a biotechnology company dedicated to building a differentiated pipeline of medicines for patients with serious diseases in areas of high unmet need. The Company has established a clinical‑stage portfolio in immunology and inflammation, anchored by gamgertamig, a potential first‑in‑class and best-in-class BCMAxCD3 T‑cell engager for autoimmune diseases. Backed by deep deal‑making expertise, operational flexibility, and a strong capital position, Lakefront identifies, acquires, and advances high‑quality assets with clear potential to deliver meaningful patient impact and long‑term shareholder value. For more information, visit https://www.lakefrontbio.com or follow us on LinkedIn or X.

For further information, contact Lakefront Biotherapeutics:
Investor Relations
Sherri Spear
+1 412 522 6418
sherri.spear@lakefrontbio.com

Forward-looking statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “upcoming,” “future,” “estimate,” “may,” “will,” “could,” “would,” “potential,” “forward,” “goal,” “next,” “continue,” “should,” “encouraging,” “aim,” “progress,” “remain,” “explore,” and “further,” as well as similar expressions. These statements include, but are not limited to, statements regarding Lakefront’s plans to repurchase its ordinary shares. Lakefront cautions the reader that forward-looking statements are based on our management’s current expectations and beliefs and are not guarantees of future performance. Forward-looking statements may involve known and unknown risks, uncertainties and other factors which might cause actual events, financial condition and liquidity, performance, or achievements, or the industry in which we operate, to be materially different from any historic or future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. In addition, even if our results, performance, financial condition and liquidity, and the development of the industry in which Lakefront operates are consistent with such forward-looking statements, they may not be predictive of results or developments in future periods. Such risks include, but are not limited to, those risks and uncertainties that can be found in our filings and reports with the Securities and Exchange Commission (“SEC”), including in our most recent annual report on Form 20-F filed with the SEC and our subsequent filings and reports filed with the SEC. Given these risks and uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. In addition, even if the result of our operations, financial condition and liquidity, or the industry in which we operate, are consistent with such forward-looking statements, they may not be predictive of results, performance or achievements in future periods. These forward-looking statements speak only as of the date of publication of this release. We expressly disclaim any obligation to update any such forward-looking statements in this release to reflect any change in our expectations or any change in events, conditions or circumstances, unless specifically required by law or regulation.

Source: View Original Filing on SEC EDGAR

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