MeiraGTx may sell up to $100M in stock offering
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MeiraGTx Holdings plc registered an at-the-market offering of up to $100,000,000 in aggregate offering price and a separate resale registration covering up to 2,250,570 ordinary shares for selling shareholders affiliated with Oberland Capital Management LLC.
Under its agreement with BofA Securities, Inc., MeiraGTx may offer and sell ordinary shares from time to time using an at-the-market method; the sales agent’s compensation may be up to 3.0% of gross sales price. The resale amount includes 950,570 shares held by the selling shareholders and up to 1,300,000 shares available only if they exercise the share purchase right, which was unexercised as of November 12, 2026. Those additional shares may be offered only after issuance. Exercise is subject to a 4.9% ownership limit, or another percentage specified on at least 61 days’ notice, not exceeding 19.9%. MeiraGTx will not receive proceeds from the selling shareholders’ resales.
Filing Explained
The unexercised right could bring MeiraGTx up to
Key Figures
Key Terms
at the market offering financial
share purchase right financial
volume-weighted average price financial
Ownership Limitation regulatory
Offering Details
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much can MeiraGTx (MGTX) sell through its ATM?
How many MGTX shares can the selling shareholders resell?
How is the MGTX share purchase right priced?
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
UNDER
THE SECURITIES ACT OF 1933
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Cayman Islands
(State or other jurisdiction of
incorporation or organization) |
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98-1448305
(I.R.S. Employer
Identification Number) |
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New York, NY 10017
(646) 860-7985
MeiraGTx, LLC
655 Third Avenue, Suite 1115
New York, NY 10017
(646) 860-7985
Keith Halverstam, Esq.
Jennifer A. Yoon, Esq.
Latham & Watkins LLP
1271 Avenue of the Americas
New York, New York 10020-1401
+1 212 906-1200
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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Emerging growth company
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Preferred Shares
Warrants
Purchase Contracts
Units
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ABOUT THIS PROSPECTUS
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
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WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE
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THE COMPANY
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RISK FACTORS
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USE OF PROCEEDS
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DESCRIPTION OF SHARE CAPITAL
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DESCRIPTION OF OTHER SECURITIES
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GLOBAL SECURITIES
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SELLING SECURITYHOLDERS
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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655 Third Avenue, Suite 1115
New York, NY 10017
(646) 860-7985
Up to 1,300,000 Ordinary Shares Underlying the Share Purchase Right
Offered by the Selling Shareholders
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-1 | | |
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WHERE YOU CAN FIND MORE INFORMATION; INCORPORATION BY REFERENCE
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| | | | S-2 | | |
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PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-4 | | |
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THE OFFERING
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| | | | S-5 | | |
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RISK FACTORS
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| | | | S-6 | | |
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USE OF PROCEEDS
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| | | | S-7 | | |
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SELLING SHAREHOLDERS
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| | | | S-8 | | |
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PLAN OF DISTRIBUTION
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| | | | S-10 | | |
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LEGAL MATTERS
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| | | | S-13 | | |
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EXPERTS
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| | | | S-13 | | |
655 Third Avenue, Suite 1115
New York, NY 10017
(646) 860-7985
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Name of Selling Shareholder
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Number of
Ordinary Shares Beneficially Owned Prior to Offering |
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Percentage of
Ordinary Shares Beneficially Owned Prior to Offering |
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Number of
Ordinary Shares Being Offered |
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Number of
Ordinary Shares Beneficially Owned After Offering(2) |
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Percentage of
Ordinary Shares Beneficially Owned After Offering |
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Entities affiliated with Oberland Capital Management LLC(1)
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| | | | 2,353,750 | | | | | | 2.4% | | | | | | 2,250,570 | | | | | | 103,180 | | | | | | * | | |
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About This Prospectus Supplement
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| | | | S-1 | | |
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Where You Can Find More Information; Incorporation By Reference
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| | | | S-2 | | |
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Prospectus Supplement Summary
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| | | | S-4 | | |
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The Offering
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| | | | S-5 | | |
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Risk Factors
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| | | | S-7 | | |
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Special Note Regarding Forward-Looking Statements
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| | | | S-9 | | |
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Use of Proceeds
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| | | | S-10 | | |
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Dividend Policy
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| | | | S-11 | | |
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Dilution
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| | | | S-12 | | |
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Material Cayman Islands Tax Considerations
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| | | | S-13 | | |
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Material United Kingdom Tax Considerations
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| | | | S-14 | | |
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Material U.S. Federal Income Tax Consequences to U.S. Holders
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| | | | S-17 | | |
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Plan of Distribution
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| | | | S-22 | | |
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Legal Matters
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| | | | S-24 | | |
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Experts
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| | | | S-24 | | |
655 Third Avenue, Suite 1115
New York, NY 10017
(646) 860-7985
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Assumed public offering price per ordinary share
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| | | | | | | | | $ | 9.49 | | |
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Net tangible book value per ordinary share as of September 30, 2026
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| | | $ | 2.09 | | | | | | | | |
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Increase in net tangible book value per ordinary share attributable to the offering
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| | | $ | 0.72 | | | | | | | | |
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As adjusted net tangible book value per ordinary share after giving effect to the offering
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| | | | | | | | | $ | 2.81 | | |
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Dilution per share to new investors participating in the offering
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| | | | | | | | | $ | 6.68 | | |
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SEC registration fee
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| | | $ | (1) | | |
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FINRA filing fee
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| | | $ | (2) | | |
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Printing expenses
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| | | $ | (2) | | |
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Legal fees and expenses
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| | | $ | (2) | | |
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Accounting fees and expenses
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| | | $ | (2) | | |
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Blue Sky, qualification fees and expenses
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| | | $ | (2) | | |
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Transfer agent fees and expenses
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| | | $ | (2) | | |
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Warrant agent fees and expenses
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| | | $ | (2) | | |
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Miscellaneous
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| | | $ | (2) | | |
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Total
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| | | $ | (2) | | |
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Exhibit
Number |
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Description
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| | 1.1* | | | Form of Underwriting Agreement. | |
| | 1.2 | | |
Sales Agreement, by and between MeiraGTx Holdings plc and BofA Securities, Inc., dated November 12, 2026.
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| | 3.1 | | | Amended and Restated Memorandum and Articles of Association of MeiraGTx Holdings plc (incorporated by reference to the Company’s Quarterly Report on Form 10-Q (File No. 001-38520), filed with the SEC on August 7, 2019). | |
| | 4.1 | | | Specimen Share Certificate Representing ordinary shares of MeiraGTx Holdings plc (incorporated by reference to the Company’s Registration Statement on Form S-1 (File No. 333-224914), filed with the SEC on May 29, 2018). | |
| | 4.2* | | | Form of Specimen Certificate Representing Preferred shares. | |
| | 4.3* | | | Form of Warrant. | |
| | 4.4* | | | Form of Warrant Agreement. | |
| | 4.5* | | | Form of Purchase Contract. | |
| | 4.6* | | | Form of Unit Agreement. | |
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Exhibit
Number |
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Description
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| | 5.1 | | |
Opinion of Walkers (Cayman) LLP.
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| | 5.2 | | |
Opinion of Latham & Watkins LLP.
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| | 10.1** | | | Securities Purchase Agreement, dated as of June 30, 2026, by and among MeiraGTx Holdings plc, TPC Investments Solutions II LP and TPC Investments Solutions Co-Invest II LP (incorporated by reference to the Company’s Current Report on Form 8-K (File No. 001-38520), filed with the SEC on July 7, 2026). | |
| | 10.2 | | | Registration Rights Agreement, dated as of June 30, 2026, by and among MeiraGTx Holdings plc, TPC Investments Solutions II LP and TPC Investments Solutions Co-Invest II LP (incorporated by reference to the Company’s Current Report on Form 8-K (File No. 001-38520), filed with the SEC on July 7, 2026). | |
| | 23.1 | | |
Consent of Walkers (Cayman) LLP (included in Exhibit 5.1).
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| | 23.2 | | |
Consent of Latham & Watkins LLP (included in Exhibit 5.2).
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| | 23.3 | | |
Consent of Ernst & Young LLP, independent registered public accounting firm.
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| | 24.1 | | |
Powers of Attorney (incorporated by reference to the signature page hereto).
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| | 107.1 | | |
Filing Fee Table.
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| | | | | MeiraGTx Holdings plc | | |||
| | | | | By: | | |
/s/ Alexandria Forbes, Ph.D.
Alexandria Forbes, Ph.D.
President and Chief Executive Officer |
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SIGNATURE
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TITLE
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DATE
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/s/ Alexandria Forbes, Ph.D.
Alexandria Forbes, Ph.D.
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President and Chief Executive Officer and
Director (principal executive officer) |
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November 12, 2026
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/s/ Richard Giroux
Richard Giroux
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| | Chief Operating Officer and Chief Financial Officer (principal financial officer and principal accounting officer) and MeiraGTx Holdings plc’s authorized representative in the United States | | |
November 12, 2026
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/s/ Keith R. Harris, Ph.D.
Keith R. Harris, Ph.D.
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| | Chairman of the Board of Directors and Director | | |
November 12, 2026
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/s/ Ellen Hukkelhoven, Ph.D.
Ellen Hukkelhoven, Ph.D.
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| | Director | | |
November 12, 2026
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/s/ Lord Mendoza
Lord Mendoza
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| | Director | | |
November 12, 2026
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/s/ Alan M. Sebulsky
Alan M. Sebulsky
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| | Director | | |
November 12, 2026
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/s/ Nicole Seligman
Nicole Seligman
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| | Director | | |
November 12, 2026
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/s/ Thomas E. Shenk, Ph.D.
Thomas E. Shenk, Ph.D.
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| | Director | | |
November 12, 2026
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/s/ Debra Yu, M.D.
Debra Yu, M.D.
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| | Director | | |
November 12, 2026
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