STOCK TITAN

[8-K] RCM Technologies Inc Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Tectonic Therapeutic, Inc. (Nasdaq: TECX) has filed a Form S-3 shelf registration that allows the company to issue up to $400 million of common stock, preferred stock, debt securities and/or warrants. The filing also includes a dedicated $100 million at-the-market (ATM) sales agreement with TD Securities (USA) LLC, giving management flexibility to raise capital "from time to time" as clinical milestones approach.

The prospectus reiterates Tectonic’s strategy of developing biologics that modulate GPCRs via its proprietary GEODe™ platform. Lead asset TX45 (Fc-relaxin fusion) has completed a Phase 1a study showing good tolerability and a favourable PK/PD profile. In Part A of an ongoing Phase 1b hemodynamic trial in PH-HFpEF patients, TX45 achieved a 19% reduction in pulmonary capillary wedge pressure and a >30% PVR reduction in a severe sub-population, with no serious adverse events. Recruitment is under way for Part B (PH-HFrEF), and the 24-week placebo-controlled Phase 2 APEX trial dosed its first patient in October 2024; topline data are expected in 2026.

Second program TX2100, a VHH-Fc fusion for Hereditary Hemorrhagic Telangiectasia, entered IND-enabling studies in Q2 2025, with a Phase 1 start targeted for late 2025/early 2026. The company completed a reverse-merger with Legacy Tectonic in June 2024 and now qualifies as a smaller reporting company. Proceeds from any sales under the shelf will fund pipeline advancement, working capital and potential in-licensing.

As of 3 July 2025 the stock traded at $21.34 per share. While the registration itself is not a financing event, it signals possible future dilution balanced by improved funding optionality ahead of multiple clinical catalysts.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) ha depositato una registrazione Form S-3 che consente all'azienda di emettere fino a 400 milioni di dollari in azioni ordinarie, azioni privilegiate, titoli di debito e/o warrant. La registrazione include anche un accordo di vendita "at-the-market" (ATM) dedicato da 100 milioni di dollari con TD Securities (USA) LLC, offrendo al management la flessibilità di raccogliere capitali "di volta in volta" in vista del raggiungimento di traguardi clinici.

Il prospetto ribadisce la strategia di Tectonic di sviluppare biologici che modulano i GPCR tramite la sua piattaforma proprietaria GEODe™. Il prodotto principale, TX45 (fusione Fc-relaxina), ha completato uno studio di Fase 1a che ha mostrato buona tollerabilità e un profilo PK/PD favorevole. Nella Parte A di uno studio emodinamico di Fase 1b in pazienti con PH-HFpEF, TX45 ha ottenuto una riduzione del 19% della pressione capillare polmonare e una riduzione >30% della resistenza vascolare polmonare in una sottopopolazione grave, senza eventi avversi gravi. È in corso il reclutamento per la Parte B (PH-HFrEF), e lo studio di Fase 2 controllato con placebo APEX della durata di 24 settimane ha arruolato il primo paziente nell’ottobre 2024; i dati principali sono attesi nel 2026.

Il secondo programma, TX2100, una fusione VHH-Fc per la Teleangectasia Emorragica Ereditaria, ha iniziato studi per l’IND nel secondo trimestre 2025, con l’avvio della Fase 1 previsto per fine 2025/inizio 2026. L’azienda ha completato una fusione inversa con Legacy Tectonic nel giugno 2024 e ora è qualificata come smaller reporting company. I proventi di eventuali vendite sotto il shelf saranno destinati all’avanzamento della pipeline, al capitale circolante e a potenziali licenze in ingresso.

Al 3 luglio 2025, il titolo quotava a 21,34 dollari per azione. Sebbene la registrazione non rappresenti un evento di finanziamento immediato, indica una possibile futura diluizione bilanciata da una maggiore flessibilità finanziaria in vista di molteplici catalizzatori clinici.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) ha presentado un registro Form S-3 que permite a la compañía emitir hasta 400 millones de dólares en acciones comunes, acciones preferentes, valores de deuda y/o warrants. La presentación también incluye un acuerdo de ventas "at-the-market" (ATM) dedicado por 100 millones de dólares con TD Securities (USA) LLC, brindando a la dirección la flexibilidad para recaudar capital "de vez en cuando" a medida que se acercan los hitos clínicos.

El prospecto reitera la estrategia de Tectonic de desarrollar biológicos que modulan los GPCR mediante su plataforma propietaria GEODe™. El activo principal, TX45 (fusión Fc-relaxina), completó un estudio de Fase 1a que mostró buena tolerabilidad y un perfil PK/PD favorable. En la Parte A de un ensayo hemodinámico de Fase 1b en pacientes con PH-HFpEF, TX45 logró una reducción del 19% en la presión capilar pulmonar y una reducción >30% en la resistencia vascular pulmonar en una subpoblación grave, sin eventos adversos graves. Se está reclutando para la Parte B (PH-HFrEF), y el ensayo controlado con placebo de Fase 2 APEX de 24 semanas dosificó a su primer paciente en octubre de 2024; se esperan datos principales en 2026.

El segundo programa, TX2100, una fusión VHH-Fc para la Telangiectasia Hemorrágica Hereditaria, inició estudios para IND en el segundo trimestre de 2025, con inicio de Fase 1 previsto para finales de 2025/principios de 2026. La compañía completó una fusión inversa con Legacy Tectonic en junio de 2024 y ahora califica como una smaller reporting company. Los ingresos de cualquier venta bajo el shelf financiarán el avance de la pipeline, capital de trabajo y posibles licencias entrantes.

Al 3 de julio de 2025, la acción cotizaba a 21,34 dólares por acción. Aunque la registración no es un evento de financiamiento inmediato, señala una posible dilución futura equilibrada con una mayor flexibilidad financiera ante múltiples catalizadores clínicos.

Tectonic Therapeutic, Inc. (나스닥: TECX)는 최대 4억 달러 규모의 보통주, 우선주, 부채 증권 및/또는 워런트를 발행할 수 있는 Form S-3 선반 등록을 제출했습니다. 이 등록에는 TD Securities (USA) LLC와의 전용 1억 달러 규모의 시장가 판매(ATM) 계약도 포함되어 있어 경영진이 임상 마일스톤이 다가올 때 "수시로" 자본을 조달할 수 있는 유연성을 제공합니다.

설명서에는 Tectonic이 독자적인 GEODe™ 플랫폼을 통해 GPCR을 조절하는 생물학적 제제를 개발하는 전략이 재확인되어 있습니다. 주력 자산인 TX45(Fc-릴렉신 융합체)는 좋은 내약성과 우수한 PK/PD 프로필을 보여준 1a상 시험을 완료했습니다. PH-HFpEF 환자를 대상으로 진행 중인 1b상 혈역학 시험 파트 A에서 TX45는 폐모세혈관 쐐기압을 19% 감소시키고 중증 하위 집단에서 폐혈관 저항을 30% 이상 감소시키는 성과를 보였으며, 심각한 이상 반응은 없었습니다. 파트 B(PH-HFrEF) 모집이 진행 중이며, 24주간 위약 대조 2상 APEX 시험은 2024년 10월에 첫 환자 투여를 완료했으며, 주요 결과는 2026년에 발표될 예정입니다.

두 번째 프로그램인 TX2100은 유전성 출혈성 모세혈관확장증 치료를 위한 VHH-Fc 융합체로, 2025년 2분기에 IND 승인 준비 연구에 착수했으며, 2025년 말~2026년 초에 1상 시험 시작을 목표로 하고 있습니다. 회사는 2024년 6월 Legacy Tectonic과 역합병을 완료했으며, 현재 소규모 보고 회사(smaller reporting company)로 분류됩니다. 선반 등록을 통한 매출 수익은 파이프라인 개발, 운전자본 및 잠재적 라이선스 인에 사용될 예정입니다.

2025년 7월 3일 기준 주가는 주당 21.34달러에 거래되고 있습니다. 등록 자체는 즉각적인 자금 조달 이벤트는 아니지만, 다수의 임상 촉매제를 앞두고 향후 희석 가능성을 나타내면서도 자금 조달 선택권이 개선될 것을 시사합니다.

Tectonic Therapeutic, Inc. (Nasdaq : TECX) a déposé un enregistrement Form S-3 qui permet à la société d’émettre jusqu’à 400 millions de dollars d’actions ordinaires, d’actions privilégiées, de titres de dette et/ou de bons de souscription. Le dépôt comprend également un accord de vente « at-the-market » (ATM) dédié de 100 millions de dollars avec TD Securities (USA) LLC, offrant à la direction la flexibilité de lever des fonds « de temps à autre » à l’approche des jalons cliniques.

Le prospectus réaffirme la stratégie de Tectonic de développer des biologiques modulant les GPCR via sa plateforme propriétaire GEODe™. Le principal actif, TX45 (fusion Fc-relaxine), a achevé une étude de Phase 1a montrant une bonne tolérance et un profil PK/PD favorable. Dans la Partie A d’un essai hémodynamique de Phase 1b en cours chez des patients PH-HFpEF, TX45 a obtenu une réduction de 19 % de la pression capillaire pulmonaire et une réduction >30 % de la résistance vasculaire pulmonaire dans une sous-population sévère, sans événements indésirables graves. Le recrutement est en cours pour la Partie B (PH-HFrEF), et l’essai contrôlé par placebo de Phase 2 APEX de 24 semaines a dosé son premier patient en octobre 2024 ; les données principales sont attendues en 2026.

Le second programme, TX2100, une fusion VHH-Fc pour la télangiectasie hémorragique héréditaire, a entamé des études préparatoires à l’IND au deuxième trimestre 2025, avec un démarrage de Phase 1 prévu fin 2025/début 2026. La société a finalisé une fusion inversée avec Legacy Tectonic en juin 2024 et est désormais qualifiée de smaller reporting company. Les produits de toute vente dans le cadre du shelf financeront l’avancement de la pipeline, le fonds de roulement et d’éventuelles licences entrantes.

Au 3 juillet 2025, l’action se négociait à 21,34 dollars par action. Bien que l’enregistrement ne constitue pas un événement de financement immédiat, il signale une dilution potentielle future équilibrée par une meilleure flexibilité de financement avant plusieurs catalyseurs cliniques.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) hat eine Form S-3 Shelf-Registrierung eingereicht, die dem Unternehmen erlaubt, bis zu 400 Millionen US-Dollar an Stammaktien, Vorzugsaktien, Schuldverschreibungen und/oder Warrants auszugeben. Die Einreichung beinhaltet auch eine dedizierte 100 Millionen US-Dollar At-the-Market (ATM) Verkaufsvereinbarung mit TD Securities (USA) LLC, die dem Management Flexibilität bietet, "von Zeit zu Zeit" Kapital zu beschaffen, wenn klinische Meilensteine bevorstehen.

Der Prospekt bekräftigt Tectonics Strategie, Biologika zu entwickeln, die GPCRs über die proprietäre GEODe™-Plattform modulieren. Das Leitprodukt TX45 (Fc-Relaxin-Fusion) hat eine Phase-1a-Studie abgeschlossen, die eine gute Verträglichkeit und ein günstiges PK/PD-Profil zeigte. In Teil A einer laufenden Phase-1b-hemodynamischen Studie bei PH-HFpEF-Patienten erreichte TX45 eine 19%ige Reduktion des pulmonalen Kapillardrucks und eine >30%ige Reduktion des PVR in einer schweren Subpopulation, ohne schwerwiegende unerwünschte Ereignisse. Die Rekrutierung für Teil B (PH-HFrEF) läuft, und die 24-wöchige placebokontrollierte Phase-2-APEX-Studie dosierte ihren ersten Patienten im Oktober 2024; die Topline-Daten werden 2026 erwartet.

Das zweite Programm, TX2100, eine VHH-Fc-Fusion für hereditäre hämorrhagische Teleangiektasie, begann im zweiten Quartal 2025 IND-fähige Studien, mit einem Phase-1-Start, der für Ende 2025/Anfang 2026 geplant ist. Das Unternehmen schloss im Juni 2024 eine Reverse-Merger mit Legacy Tectonic ab und qualifiziert sich nun als smaller reporting company. Erlöse aus Verkäufen unter dem Shelf werden zur Pipeline-Weiterentwicklung, für Betriebskapital und potenzielle In-Lizenzierungen verwendet.

Am 3. Juli 2025 wurde die Aktie zu 21,34 US-Dollar pro Aktie gehandelt. Obwohl die Registrierung selbst kein Finanzierungsereignis darstellt, signalisiert sie eine mögliche zukünftige Verwässerung, die durch eine verbesserte Finanzierungsmöglichkeiten vor mehreren klinischen Katalysatoren ausgeglichen wird.

Positive
  • $400 million shelf registration provides significant financing flexibility ahead of costly mid-stage trials.
  • Inclusion of a $100 million ATM allows opportunistic capital raises with minimal transaction lead time.
  • Lead candidate TX45 showed a 19% PCWP reduction and >30% PVR improvement with good tolerability in Phase 1b Part A.
  • Second asset TX2100 progressing through IND-enabling studies, diversifying the pipeline.
Negative
  • Potential shareholder dilution if the full $400 million in securities is issued.
  • Company remains pre-revenue and reliant on external financing for continued operations.
  • Clinical catalysts (APEX Phase 2 topline in 2026) are years away, extending the period of development risk.

Insights

TL;DR: $400 M shelf plus $100 M ATM strengthen liquidity options before Phase 2 data; dilution risk offsets financing flexibility—net neutral.

Impact assessment: The universal shelf is impactful because it pre-positions management to access meaningful capital for the costly APEX Phase 2 and upcoming TX2100 trials. However, no securities are being sold today, and utilisation will depend on market conditions. Investors should weigh:

  • Positive: Additional runway could support pivotal-enabling data without a larger, more dilutive follow-on.
  • Negative: The authorised amount (~19% of current market cap at $21.34) implies potential dilution if fully issued.

Valuation view: Shelf filings are standard for pre-commercial biotechs; I view the news as neutral (rating 0) with upside tied to forthcoming clinical read-outs rather than the registration itself.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) ha depositato una registrazione Form S-3 che consente all'azienda di emettere fino a 400 milioni di dollari in azioni ordinarie, azioni privilegiate, titoli di debito e/o warrant. La registrazione include anche un accordo di vendita "at-the-market" (ATM) dedicato da 100 milioni di dollari con TD Securities (USA) LLC, offrendo al management la flessibilità di raccogliere capitali "di volta in volta" in vista del raggiungimento di traguardi clinici.

Il prospetto ribadisce la strategia di Tectonic di sviluppare biologici che modulano i GPCR tramite la sua piattaforma proprietaria GEODe™. Il prodotto principale, TX45 (fusione Fc-relaxina), ha completato uno studio di Fase 1a che ha mostrato buona tollerabilità e un profilo PK/PD favorevole. Nella Parte A di uno studio emodinamico di Fase 1b in pazienti con PH-HFpEF, TX45 ha ottenuto una riduzione del 19% della pressione capillare polmonare e una riduzione >30% della resistenza vascolare polmonare in una sottopopolazione grave, senza eventi avversi gravi. È in corso il reclutamento per la Parte B (PH-HFrEF), e lo studio di Fase 2 controllato con placebo APEX della durata di 24 settimane ha arruolato il primo paziente nell’ottobre 2024; i dati principali sono attesi nel 2026.

Il secondo programma, TX2100, una fusione VHH-Fc per la Teleangectasia Emorragica Ereditaria, ha iniziato studi per l’IND nel secondo trimestre 2025, con l’avvio della Fase 1 previsto per fine 2025/inizio 2026. L’azienda ha completato una fusione inversa con Legacy Tectonic nel giugno 2024 e ora è qualificata come smaller reporting company. I proventi di eventuali vendite sotto il shelf saranno destinati all’avanzamento della pipeline, al capitale circolante e a potenziali licenze in ingresso.

Al 3 luglio 2025, il titolo quotava a 21,34 dollari per azione. Sebbene la registrazione non rappresenti un evento di finanziamento immediato, indica una possibile futura diluizione bilanciata da una maggiore flessibilità finanziaria in vista di molteplici catalizzatori clinici.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) ha presentado un registro Form S-3 que permite a la compañía emitir hasta 400 millones de dólares en acciones comunes, acciones preferentes, valores de deuda y/o warrants. La presentación también incluye un acuerdo de ventas "at-the-market" (ATM) dedicado por 100 millones de dólares con TD Securities (USA) LLC, brindando a la dirección la flexibilidad para recaudar capital "de vez en cuando" a medida que se acercan los hitos clínicos.

El prospecto reitera la estrategia de Tectonic de desarrollar biológicos que modulan los GPCR mediante su plataforma propietaria GEODe™. El activo principal, TX45 (fusión Fc-relaxina), completó un estudio de Fase 1a que mostró buena tolerabilidad y un perfil PK/PD favorable. En la Parte A de un ensayo hemodinámico de Fase 1b en pacientes con PH-HFpEF, TX45 logró una reducción del 19% en la presión capilar pulmonar y una reducción >30% en la resistencia vascular pulmonar en una subpoblación grave, sin eventos adversos graves. Se está reclutando para la Parte B (PH-HFrEF), y el ensayo controlado con placebo de Fase 2 APEX de 24 semanas dosificó a su primer paciente en octubre de 2024; se esperan datos principales en 2026.

El segundo programa, TX2100, una fusión VHH-Fc para la Telangiectasia Hemorrágica Hereditaria, inició estudios para IND en el segundo trimestre de 2025, con inicio de Fase 1 previsto para finales de 2025/principios de 2026. La compañía completó una fusión inversa con Legacy Tectonic en junio de 2024 y ahora califica como una smaller reporting company. Los ingresos de cualquier venta bajo el shelf financiarán el avance de la pipeline, capital de trabajo y posibles licencias entrantes.

Al 3 de julio de 2025, la acción cotizaba a 21,34 dólares por acción. Aunque la registración no es un evento de financiamiento inmediato, señala una posible dilución futura equilibrada con una mayor flexibilidad financiera ante múltiples catalizadores clínicos.

Tectonic Therapeutic, Inc. (나스닥: TECX)는 최대 4억 달러 규모의 보통주, 우선주, 부채 증권 및/또는 워런트를 발행할 수 있는 Form S-3 선반 등록을 제출했습니다. 이 등록에는 TD Securities (USA) LLC와의 전용 1억 달러 규모의 시장가 판매(ATM) 계약도 포함되어 있어 경영진이 임상 마일스톤이 다가올 때 "수시로" 자본을 조달할 수 있는 유연성을 제공합니다.

설명서에는 Tectonic이 독자적인 GEODe™ 플랫폼을 통해 GPCR을 조절하는 생물학적 제제를 개발하는 전략이 재확인되어 있습니다. 주력 자산인 TX45(Fc-릴렉신 융합체)는 좋은 내약성과 우수한 PK/PD 프로필을 보여준 1a상 시험을 완료했습니다. PH-HFpEF 환자를 대상으로 진행 중인 1b상 혈역학 시험 파트 A에서 TX45는 폐모세혈관 쐐기압을 19% 감소시키고 중증 하위 집단에서 폐혈관 저항을 30% 이상 감소시키는 성과를 보였으며, 심각한 이상 반응은 없었습니다. 파트 B(PH-HFrEF) 모집이 진행 중이며, 24주간 위약 대조 2상 APEX 시험은 2024년 10월에 첫 환자 투여를 완료했으며, 주요 결과는 2026년에 발표될 예정입니다.

두 번째 프로그램인 TX2100은 유전성 출혈성 모세혈관확장증 치료를 위한 VHH-Fc 융합체로, 2025년 2분기에 IND 승인 준비 연구에 착수했으며, 2025년 말~2026년 초에 1상 시험 시작을 목표로 하고 있습니다. 회사는 2024년 6월 Legacy Tectonic과 역합병을 완료했으며, 현재 소규모 보고 회사(smaller reporting company)로 분류됩니다. 선반 등록을 통한 매출 수익은 파이프라인 개발, 운전자본 및 잠재적 라이선스 인에 사용될 예정입니다.

2025년 7월 3일 기준 주가는 주당 21.34달러에 거래되고 있습니다. 등록 자체는 즉각적인 자금 조달 이벤트는 아니지만, 다수의 임상 촉매제를 앞두고 향후 희석 가능성을 나타내면서도 자금 조달 선택권이 개선될 것을 시사합니다.

Tectonic Therapeutic, Inc. (Nasdaq : TECX) a déposé un enregistrement Form S-3 qui permet à la société d’émettre jusqu’à 400 millions de dollars d’actions ordinaires, d’actions privilégiées, de titres de dette et/ou de bons de souscription. Le dépôt comprend également un accord de vente « at-the-market » (ATM) dédié de 100 millions de dollars avec TD Securities (USA) LLC, offrant à la direction la flexibilité de lever des fonds « de temps à autre » à l’approche des jalons cliniques.

Le prospectus réaffirme la stratégie de Tectonic de développer des biologiques modulant les GPCR via sa plateforme propriétaire GEODe™. Le principal actif, TX45 (fusion Fc-relaxine), a achevé une étude de Phase 1a montrant une bonne tolérance et un profil PK/PD favorable. Dans la Partie A d’un essai hémodynamique de Phase 1b en cours chez des patients PH-HFpEF, TX45 a obtenu une réduction de 19 % de la pression capillaire pulmonaire et une réduction >30 % de la résistance vasculaire pulmonaire dans une sous-population sévère, sans événements indésirables graves. Le recrutement est en cours pour la Partie B (PH-HFrEF), et l’essai contrôlé par placebo de Phase 2 APEX de 24 semaines a dosé son premier patient en octobre 2024 ; les données principales sont attendues en 2026.

Le second programme, TX2100, une fusion VHH-Fc pour la télangiectasie hémorragique héréditaire, a entamé des études préparatoires à l’IND au deuxième trimestre 2025, avec un démarrage de Phase 1 prévu fin 2025/début 2026. La société a finalisé une fusion inversée avec Legacy Tectonic en juin 2024 et est désormais qualifiée de smaller reporting company. Les produits de toute vente dans le cadre du shelf financeront l’avancement de la pipeline, le fonds de roulement et d’éventuelles licences entrantes.

Au 3 juillet 2025, l’action se négociait à 21,34 dollars par action. Bien que l’enregistrement ne constitue pas un événement de financement immédiat, il signale une dilution potentielle future équilibrée par une meilleure flexibilité de financement avant plusieurs catalyseurs cliniques.

Tectonic Therapeutic, Inc. (Nasdaq: TECX) hat eine Form S-3 Shelf-Registrierung eingereicht, die dem Unternehmen erlaubt, bis zu 400 Millionen US-Dollar an Stammaktien, Vorzugsaktien, Schuldverschreibungen und/oder Warrants auszugeben. Die Einreichung beinhaltet auch eine dedizierte 100 Millionen US-Dollar At-the-Market (ATM) Verkaufsvereinbarung mit TD Securities (USA) LLC, die dem Management Flexibilität bietet, "von Zeit zu Zeit" Kapital zu beschaffen, wenn klinische Meilensteine bevorstehen.

Der Prospekt bekräftigt Tectonics Strategie, Biologika zu entwickeln, die GPCRs über die proprietäre GEODe™-Plattform modulieren. Das Leitprodukt TX45 (Fc-Relaxin-Fusion) hat eine Phase-1a-Studie abgeschlossen, die eine gute Verträglichkeit und ein günstiges PK/PD-Profil zeigte. In Teil A einer laufenden Phase-1b-hemodynamischen Studie bei PH-HFpEF-Patienten erreichte TX45 eine 19%ige Reduktion des pulmonalen Kapillardrucks und eine >30%ige Reduktion des PVR in einer schweren Subpopulation, ohne schwerwiegende unerwünschte Ereignisse. Die Rekrutierung für Teil B (PH-HFrEF) läuft, und die 24-wöchige placebokontrollierte Phase-2-APEX-Studie dosierte ihren ersten Patienten im Oktober 2024; die Topline-Daten werden 2026 erwartet.

Das zweite Programm, TX2100, eine VHH-Fc-Fusion für hereditäre hämorrhagische Teleangiektasie, begann im zweiten Quartal 2025 IND-fähige Studien, mit einem Phase-1-Start, der für Ende 2025/Anfang 2026 geplant ist. Das Unternehmen schloss im Juni 2024 eine Reverse-Merger mit Legacy Tectonic ab und qualifiziert sich nun als smaller reporting company. Erlöse aus Verkäufen unter dem Shelf werden zur Pipeline-Weiterentwicklung, für Betriebskapital und potenzielle In-Lizenzierungen verwendet.

Am 3. Juli 2025 wurde die Aktie zu 21,34 US-Dollar pro Aktie gehandelt. Obwohl die Registrierung selbst kein Finanzierungsereignis darstellt, signalisiert sie eine mögliche zukünftige Verwässerung, die durch eine verbesserte Finanzierungsmöglichkeiten vor mehreren klinischen Katalysatoren ausgeglichen wird.

false 0000700841 0000700841 2025-06-30 2025-06-30
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):  June 30, 2025
 
RCM Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
 
Nevada
(State or Other
Jurisdiction of
Incorporation)
1-10245
(Commission File
Number)
95-1480559
(I.R.S. Employer
Identification No.)
 
2500 McClellan Avenue, Suite 350
   
Pennsauken, NJ
 
08109-4613
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (856) 356-4500 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c)).
 
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.05 per share
 
RCMT
 
The NASDAQ Stock Market LLC
 
 

 
 
Item 4.01.       Changes in Registrants Certifying Accountant.
 
(a)       Previous Independent Registered Public Accounting Firm.
 
(i)        On June 30, 2025, RCM Technologies, Inc. (the “Company”) dismissed WithumSmith+Brown, PC (“Withum”) as its independent registered public accounting firm.
 
(ii)       Withum’s audit report on the consolidated financial statements of the Company and subsidiaries for the fiscal years ended December 28, 2024 and December 30, 2023 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
 
(iii)      The Company’s Audit Committee approved the decision to change independent registered public accounting firms.
 
(iv)      In connection with the audits of the Company’s financial statements for each of the two most recently completed fiscal years and through June 30, 2025, there have been no disagreements with Withum on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Withum, would have caused it to make reference to the subject matter of such disagreement(s) in connection with its report.  During the same period, there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K, except for the communication by Withum, in connection with its report on the consolidated financial statements of the Company and subsidiaries for the fiscal year ended December 30, 2023, of a material weakness concerning (i) separation of duties to the Company’s SAP ERP and General Ledger and (ii) user access controls that ensure appropriate segregation of duties and adequately restrict user access to financial applications, programs, and data, which resulted in the Company’s related process-level IT-dependent manual and automated controls that rely upon the affected ITGCs, or information coming from IT systems with affected ITGCs, also being deemed ineffective. 
 
This material weakness was fully remediated at December 28, 2024 and was not mentioned in Withum’s audit report on the consolidated financial statements of the Company and subsidiaries for the fiscal year ended December 28, 2024.
 
(v)       The Company has requested that Withum furnish the Company with a letter addressed to the SEC stating whether it agrees with the above statements.  Such letter is filed hereunder as Exhibit 16.1.
 
(b)       New Independent Registered Public Accounting Firm.
 
(i)        On June 30, 2025 and effective the same date, on the recommendation of the Company’s Audit Committee, the Company engaged EisnerAmper LLP (“Eisner”) as its independent registered public accounting firm to audit the Company’s financial statements as of and for the fiscal year ending January 3, 2026, and the effectiveness of internal control over financial reporting of the Company as of January 3, 2026, and to review the Company’s financial statements for the fiscal quarters of the fiscal year ending January 3, 2026.
 
 

 
(ii)       During the two most recent fiscal years and through June 30, 2025, the Company has not consulted with Eisner regarding either the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the financial statements of the Company, or regarding any matters or reportable events described in Items 304(a)(2)(i) or (ii) of Regulation S-K.
 
Item 9.01.       Financial Statements and Exhibits.
 
(a) Financial Statements of Businesses Acquired.
 
None.
 
(b) Pro Forma Financial Information.
 
None.
 
(c) Shell Company Transactions.
 
None.
 
(d) Exhibits.
 
Exhibit Number
 
16.1
Letter from WithumSmith+Brown, PC to the Securities and Exchange Commission regarding change in certifying accountants.
104
Cover Page Interactive Data File (formatted as Inline XBRL).
 

 
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 hereunto duly authorized.
 
RCM TECHNOLOGIES, INC.
 
 
 
By:
/s/ Kevin D. Miller
 
Kevin D. Miller
 
Chief Financial Officer, Treasurer and
Secretary
 
Dated: July 7, 2025
 

FAQ

How much capital can Tectonic Therapeutic (TECX) raise under the new shelf registration?

The Form S-3 allows the company to issue up to $400 million in common stock, preferred stock, debt securities and/or warrants.

What is the size of the at-the-market (ATM) program with TD Securities?

The ATM facility permits sales of up to $100 million of common stock, included within the $400 million shelf capacity.

What recent clinical results has TX45 reported?

In Phase 1b Part A, TX45 achieved a 19% reduction in pulmonary capillary wedge pressure and demonstrated >30% PVR reduction in a severe sub-group, with no serious adverse events.

When are topline results from the APEX Phase 2 trial expected?

Tectonic projects 2026 for APEX Phase 2 topline data in PH-HFpEF.

How will proceeds from any securities sales be used?

The company plans to fund continued clinical development, working capital and potential in-licensing or acquisitions, with exact allocations detailed in future prospectus supplements.
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