Empery Asset Management LP and Ryan M. Lane report beneficial ownership of Lantern Pharma Inc. common stock on a Schedule 13G. They report beneficial ownership of 1,322,551 shares of common stock, including 479,882 shares issuable upon exercise of warrants, representing 9.99% of the class. The percentage is based on 12,758,872 shares outstanding as of May 31, 2026, as reported by Lantern Pharma in a Form S-1. The warrants are subject to a 9.99% beneficial ownership limitation (the "Blocker"), so the reporting persons cannot exercise the warrants to the extent such exercise would cause them to beneficially own more than 9.99% of the outstanding common stock. All reported shares are held by funds managed by Empery Asset Management, and the reporting persons state that they may be deemed beneficial owners through their roles but each disclaims beneficial ownership of shares owned by another reporting person.
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Key Figures
Beneficial ownership shares:1,322,551 sharesShares issuable upon warrant exercise:479,882 sharesOwnership percentage:9.99%+2 more
5 metrics
Beneficial ownership shares1,322,551 sharesLantern Pharma common stock beneficially owned by the reporting persons
Shares issuable upon warrant exercise479,882 sharesCommon stock issuable upon exercise of the Warrants held by Empery funds
Ownership percentage9.99%Percent of Lantern Pharma common stock class beneficially owned
Shares outstanding baseline12,758,872 sharesLantern Pharma common stock outstanding as of May 31, 2026
beneficial owner, Blocker, Warrants, shared voting power, +1 more
5 terms
beneficial ownerfinancial
"may be deemed to be the beneficial owner of all of the Common Stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Blockerfinancial
"cannot exercise the Warrants to the extent the Reporting Persons would beneficially own, after any such exercise, more than 9.99% of the outstanding shares of Common Stock (the "Blocker")"
Warrantsfinancial
"Common Stock issuable upon exercise of warrants (the "Warrants") of Lantern Pharma Inc."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
shared voting powerfinancial
"Shared Voting Power 1,322,551.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
investment managerfinancial
"The Investment Manager serves as the investment manager to each of the Empery Funds."
What percentage of Lantern Pharma Inc. (LTRN) does Empery Asset Management report owning?
Empery Asset Management and Ryan M. Lane report beneficial ownership of 9.99% of Lantern Pharma’s common stock. This is based on 12,758,872 shares outstanding as of May 31, 2026, and includes shares issuable upon exercise of warrants subject to a 9.99% Blocker.
How many Lantern Pharma (LTRN) shares do the Empery funds beneficially own?
The reporting persons disclose beneficial ownership of 1,322,551 shares of Lantern Pharma common stock. This total includes both currently held shares and 479,882 shares that are issuable upon exercise of warrants, limited by a 9.99% ownership Blocker.
What is the Lantern Pharma (LTRN) warrant Blocker described in the Schedule 13G?
The warrants held by the Empery funds include a 9.99% beneficial ownership limitation, referred to as the “Blocker”. It prevents exercising warrants if doing so would cause the reporting persons’ beneficial ownership to exceed 9.99% of Lantern Pharma’s outstanding common stock.
How many Lantern Pharma (LTRN) shares are issuable to Empery upon warrant exercise?
The filing states that 479,882 shares of Lantern Pharma common stock are issuable upon exercise of the warrants held by the Empery funds. Exercise of these warrants is subject to the 9.99% Blocker, so not all may be exercisable at once.
What share count did Lantern Pharma (LTRN) report as outstanding for this 13G calculation?
The ownership percentage in the Schedule 13G is calculated using 12,758,872 shares of Lantern Pharma common stock outstanding. This figure is cited from Lantern Pharma’s Form S-1, which reported that amount outstanding as of May 31, 2026.
Who are the reporting persons in the Lantern Pharma (LTRN) Schedule 13G?
The Schedule 13G lists Empery Asset Management, LP as investment manager to the Empery funds and Ryan M. Lane as the reporting individual. Both may be deemed beneficial owners of the Lantern Pharma shares and warrants held by the Empery funds, subject to stated disclaimers.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Lantern Pharma Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
51654W101
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
51654W101
1
Names of Reporting Persons
Empery Asset Management, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,322,551.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,322,551.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,322,551.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
IA, PN
Comment for Type of Reporting Person: Includes 479,882 shares of Common Stock issuable upon exercise of the Warrants (as defined in Item 2(a)).
SCHEDULE 13G
CUSIP Number(s):
51654W101
1
Names of Reporting Persons
Ryan M. Lane
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,322,551.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,322,551.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,322,551.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Includes 479,882 shares of Common Stock issuable upon exercise of the Warrants.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Lantern Pharma Inc.
(b)
Address of issuer's principal executive offices:
1920 McKinney Avenue, 7th Floor, Dallas, TX 75201
Item 2.
(a)
Name of person filing:
This statement is filed by the entities and persons listed below, who are collectively referred to herein as "Reporting Persons," with respect to Common Stock, par value $0.0001 per share (the "Common Stock") and Common Stock issuable upon exercise of warrants (the "Warrants") of Lantern Pharma Inc., a Texas corporation (the "Company"):
(i) Empery Asset Management, LP (the "Investment Manager"), with respect to the Common Stock held by, and the Common Stock issuable upon exercise of the Warrants held by, funds to which the Investment Manager serves as investment manager (the "Empery Funds"); and
(ii) Mr. Ryan M. Lane ("Mr. Lane"), with respect to the Common Stock held by, and the Common Stock issuable upon exercise of the Warrants held by, the Empery Funds.
The Investment Manager serves as the investment manager to each of the Empery Funds. Mr. Lane (the "Reporting Individual") is the managing member of a limited liability company that is the managing member of Empery AM GP, LLC (the "General Partner"), the general partner of the Investment Manager.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is:
1 Rockefeller Plaza, Suite 1205
New York, New York 10020
(c)
Citizenship:
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)
Title of class of securities:
Common Stock, $0.0001 par value per share
(e)
CUSIP Number(s):
51654W101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 12,758,872 shares of Common Stock outstanding as of May 31, 2026, as reported in the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on June 12, 2026, and assumes exercise of the Warrants (subject to the Blocker (as defined below)).
Pursuant to the terms of the Warrants, the Reporting Persons cannot exercise the Warrants to the extent the Reporting Persons would beneficially own, after any such exercise, more than 9.99% of the outstanding shares of Common Stock (the "Blocker"), and the shares of Common Stock listed as beneficially owned in Rows 6, 8 and 9 of the cover page for each Reporting Person and the percentage set forth in Row 11 of the cover page for each Reporting Person give effect to the Blockers. Consequently, as of the date of the event which requires the filing of this statement, the Reporting Persons were not able to exercise all of the Warrants due to the Blocker.
The Investment Manager, which serves as the investment manager to the Empery Funds, may be deemed to be the beneficial owner of all of the Common Stock held by, and the Common Stock issuable upon exercise of the Warrants (subject to the Blocker) held by, the Empery Funds. The Reporting Individual, as the managing member of the limited liability company that is the managing member of the General Partner of the Investment Manager with the power to exercise investment discretion, may be deemed to be the beneficial owner of all of the Common Stock held by, and the Common Stock issuable upon exercise of the Warrants (subject to the Blocker) held by, by the Empery Funds. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the Common Stock owned by another Reporting Person. Each of the Empery Funds and the Reporting Individual hereby disclaims any beneficial ownership of any such Common Stock.
(b)
Percent of class:
9.99%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a) above.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
