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Deerfield boosts Larimar Therapeutics (LRMR) stake to 34.41% of shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Larimar Therapeutics’ major shareholder group Deerfield has updated its ownership following a February 2026 stock offering. Deerfield-affiliated funds bought additional common shares at $5.00 per share in an underwritten offering on February 27, 2026, using available cash.

After these purchases, Deerfield entities report beneficial ownership of 35,667,474 shares of Larimar common stock, or 34.41% of the company’s 103,590,392 shares outstanding, including those issued in the February 2026 offering. Individual Deerfield funds now hold between roughly 5.99% and 10.25% of the outstanding shares.

Positive

  • None.

Negative

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Insights

Deerfield increases its role as Larimar’s dominant shareholder with a one‑third stake.

Deerfield Management and related funds now beneficially own 35,667,474 Larimar shares, or 34.41% of the 103,590,392 shares outstanding. The latest increase comes from buying stock at $5.00 per share in the February 2026 underwritten offering.

This level of ownership gives Deerfield substantial voting influence, as all reported voting and dispositive powers are shared across the Deerfield complex and James E. Flynn. The filing characterizes the purchases as being for investment purposes in the company’s February 2026 offering.

The structure links multiple funds through general partners and an investment manager, consolidating control. Future company decisions that require shareholder approval could be meaningfully affected by Deerfield’s 34.41% stake, depending on how other shareholders vote in upcoming shareholder meetings.






Deerfield Management Company
345 Park Avenue, 12th Floor,
New York, NY, 10010
212-551-1600


Jonathan D. Weiner, Esq.
Katten Muchin Rosenman LLP, 50 Rockefeller Plaza
New York, NY, 10020
212-940-8800


Mark D. Wood, Esq.
Katten Muchin Rosenman LLP, 50 Rockefeller Plaza
New York, NY, 10020
212-940-8800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
02/27/2026

(Date of Event Which Requires Filing of This Statement)


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






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of common stock held by Deerfield Private Design Fund III, L.P., of which Deerfield Mgmt III, L.P. is the general partner.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of common stock held by Deerfield Healthcare Innovations Fund, L.P., of which Deerfield Mgmt HIF, L.P. is the general partner.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of common stock held by Deerfield Private Design Fund IV, L.P., of which Deerfield Mgmt IV, L.P. is the general partner.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of shares of common stock held by Deerfield Partners, L.P., of which Deerfield Mgmt, L.P. is the general partner.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of (i) an aggregate of 35,606,974 shares of common stock held by Deerfield Private Design Fund III, L.P., Deerfield Private Design Fund IV, L.P., Deerfield Healthcare Innovations Fund, L.P. and Deerfield Partners, L.P., of which Deerfield Management Company, L.P. is the investment manager and (ii) an aggregate of 60,500 shares of common stock issuable upon exercise of options (the "Leff Options") held by Jonathan Leff, an employee of Deerfield Management Company, L.P., for the benefit, and subject to the direction, of Deerfield Management Company, L.P. The Leff Options consist options that were granted to Mr. Leff on July 16, 2020, May 12, 2021, May 10, 2022, May 9, 2023 and May 29, 2024, each of which is fully vested.


SCHEDULE 13D




Comment for Type of Reporting Person:
Comprised of (i) an aggregate of 35,606,974 shares of common stock held by Deerfield Private Design Fund III, L.P., Deerfield Private Design Fund IV, L.P., Deerfield Healthcare Innovations Fund, L.P. and Deerfield Partners, L.P., of which Deerfield Management Company, L.P. is the investment manager and (ii) an aggregate of 60,500 shares of common stock issuable upon exercise of options (the "Leff Options") held by Jonathan Leff, an employee of Deerfield Management Company, L.P., for the benefit, and subject to the direction, of Deerfield Management Company, L.P. The Leff Options consist options that were granted to Mr. Leff on July 16, 2020, May 12, 2021, May 10, 2022, May 9, 2023 and May 29, 2024, each of which is fully vested. Mr. Flynn is the sole manager of the general partner of each of Deerfield Mgmt III, L.P., Deerfield Mgmt IV, L.P., Deerfield Mgmt HIF, L.P., Deerfield Mgmt, L.P. and Deerfield Management Company, L.P.


SCHEDULE 13D


Deerfield Private Design Fund III, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Healthcare Innovations Fund, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Private Design Fund IV, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Partners, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Mgmt III, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Mgmt HIF, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Mgmt IV, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Mgmt, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
Deerfield Management Company, L.P.
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026
James E. Flynn
Signature:/s/ Jonathan Isler
Name/Title:Jonathan Isler, Attorney-in-Fact
Date:03/02/2026

FAQ

How much of Larimar Therapeutics (LRMR) does Deerfield now own?

Deerfield-affiliated entities beneficially own 35,667,474 shares of Larimar Therapeutics, representing 34.41% of 103,590,392 shares outstanding. This total includes shares held across several Deerfield funds plus 60,500 option shares held for the benefit of Deerfield Management.

What new Larimar Therapeutics shares did Deerfield buy in February 2026?

On February 27, 2026, Deerfield funds bought 1,084,010, 1,084,012, 831,978 and 2,000,000 Larimar common shares, respectively. Each block was purchased at $5.00 per share in an underwritten offering, using available cash assets of the participating funds.

Which Deerfield funds hold Larimar Therapeutics (LRMR) shares and in what amounts?

Deerfield Private Design Fund III holds 10,622,928 shares, Deerfield Healthcare Innovations Fund 8,153,107 shares, Deerfield Private Design Fund IV 10,622,957 shares, and Deerfield Partners 6,207,982 shares. Each position corresponds to between 5.99% and 10.25% of Larimar’s outstanding common stock.

What percentage of Larimar’s stock does each Deerfield fund control?

Deerfield Private Design Fund III and Deerfield Private Design Fund IV each hold 10.25% of Larimar’s common stock. Deerfield Healthcare Innovations Fund holds 7.87%, and Deerfield Partners holds 5.99%. These percentages are based on 103,590,392 shares outstanding, including the February 2026 offering shares.

Who ultimately controls Deerfield’s Larimar Therapeutics holdings?

Deerfield Management Company, L.P. is investment manager to the Deerfield funds and reports shared voting and dispositive power over 35,667,474 shares. James E. Flynn, as sole manager of the general partners of the management entities, also reports shared voting and dispositive power over the same share total.

At what price did Deerfield purchase Larimar Therapeutics shares in the February 2026 offering?

Deerfield funds purchased their February 2026 Larimar shares at $5.00 per share in an underwritten offering. Aggregate purchase prices were $5,420,050, $5,420,060, $4,159,890 and $10,000,000 for the four participating funds, all funded from available cash assets.
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