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Pulmatrix SEC Filings

PULM Nasdaq

Welcome to our dedicated page for Pulmatrix SEC filings (Ticker: PULM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Pulmatrix, Inc. (PULM) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a clinical-stage biopharmaceutical issuer listed on Nasdaq. These filings document material events, financial performance and key developments affecting Pulmatrix’s inhaled therapeutic pipeline and strategic transactions.

Investors can review Pulmatrix’s Current Reports on Form 8-K, which the company uses to report significant events such as quarterly financial results, corporate updates and merger-related developments. For example, Pulmatrix has filed 8-Ks furnishing press releases on its first, second and third quarter 2025 financial results and corporate updates, as well as an 8-K describing a mutual waiver agreement related to its merger agreement with Cullgen Inc. These filings incorporate press releases that discuss Pulmatrix’s iSPERSE™-based programs, cost-saving measures and anticipated cash runway.

Filings associated with the proposed merger with Cullgen are particularly relevant. Pulmatrix references a registration statement on Form S-4, which was declared effective by the SEC, and stockholder approval of the merger and related proposals. While the Form S-4 itself is filed separately, related 8-Ks and other Exchange Act reports provide context on the transaction structure, closing conditions and subsequent waiver arrangements between Pulmatrix and Cullgen.

Through this page, users can also monitor Pulmatrix’s periodic reports, such as Forms 10-K and 10-Q (when available in the feed), which typically contain detailed discussions of its clinical programs, iSPERSE™ patent portfolio, collaborations with partners like Cipla and MannKind Corporation, and risk factors. Form 4 and other insider transaction filings, when present, can help readers understand equity activity by directors and officers.

Stock Titan enhances these SEC documents with AI-powered summaries that explain the key points of lengthy filings in plain language. Real-time updates from EDGAR ensure that new Pulmatrix filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports and Form 4 insider trading disclosures, are quickly reflected. This allows investors and researchers to navigate Pulmatrix’s regulatory history and understand how clinical, financial and strategic developments are formally reported to the SEC.

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Pulmatrix, Inc. reported that on December 17, 2025 it entered into a mutual waiver agreement with Cullgen Inc. and PLC Merger Sub, Inc. related to their existing Merger Agreement. The waiver allows all parties to forego compliance with Section 5.4 of the Merger Agreement, which had imposed certain restrictions on each party during the pre-closing period. The company stated that, aside from this specific waiver, the Merger Agreement remains in full force and effect and no other terms have been amended, waived, or modified. Pulmatrix also issued a press release on December 18, 2025 describing the waiver, which is furnished as an exhibit.

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Pulmatrix, Inc. furnished an 8-K announcing it issued a press release with financial results for the third fiscal quarter ended September 30, 2025, along with a corporate update. The press release is provided as Exhibit 99.1 and incorporated by reference.

Consistent with General Instruction B.2 to Item 2.02, the information in this report, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act.

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Pulmatrix (PULM) filed its Q3 2025 10‑Q, reporting a narrower net loss as operating costs fell sharply while it advances a pending merger with Cullgen. For the quarter ended September 30, 2025, revenue was $0 versus $366,000 a year ago; net loss was $877,000 (vs. $2.6M). Research and development expense was $8,000 and general and administrative was $858,000. Cash and cash equivalents were $4.794M and stockholders’ equity was $4.733M.

Year‑to‑date, net loss was $4.234M (vs. $7.573M), with operating cash use of $4.727M. The company says existing cash will fund corporate operating expenses for at least the next 12 months from issuance. The Cullgen merger remains subject to Nasdaq listing and CSRC approval; under the Merger Agreement, Pulmatrix expects to declare a cash dividend to pre‑merger stockholders equal to net cash above $2.5M, subject to adjustments. On closing, pre‑Merger Cullgen holders are expected to own about 96.4% of the combined company on a fully‑diluted basis. As of October 13, 2025, shares outstanding were 3,652,285.

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Pulmatrix (PULM) Q2-25 10-Q highlights: revenue fell to $0 from $1.6 m YoY as development work on PUR1900 wound down. Operating expenses dropped sharply to $1.5 m (-79%), driven by a 98% reduction in R&D to $14 k after the MannKind facility divestiture and staff cuts. Net loss narrowed to $1.5 m (-73%), or -$0.42/sh versus -$1.59/sh last year. Six-month net loss improved to $3.4 m from $5.0 m.

Cash & equivalents declined to $5.8 m (Dec-24: $9.5 m) after $3.7 m operating cash burn; management believes liquidity covers ≥12 months if the Cullgen merger is not completed. Stockholders’ equity fell to $5.6 m.

Cullgen merger: approved by Pulmatrix holders on 16-Jun-25; closing now targeted by 12-Oct-25 pending CSRC and Nasdaq approvals. Pre-merger Pulmatrix investors will receive a cash dividend for net cash above $2.5 m and retain only ~3.6% pro-forma ownership. Termination fees range from $0.42 m to $8.4 m. Failure to close could push Pulmatrix toward liquidation or require new funding.

Warrant liability was re-measured to $0, creating a $67 k gain; 918 k warrants remain outstanding, many expiring July-25. No ATM sales occurred in H1-25; share count steady at 3.65 m.

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FAQ

What is the current stock price of Pulmatrix (PULM)?

The current stock price of Pulmatrix (PULM) is $2.42 as of February 17, 2026.

What is the market cap of Pulmatrix (PULM)?

The market cap of Pulmatrix (PULM) is approximately 8.9M.

PULM Rankings

PULM Stock Data

8.89M
3.63M
Biotechnology
Pharmaceutical Preparations
Link
United States
FRAMINGHAM

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