Replimune Group (REPL) clears automatic shelf to issue stock, debt, warrants
Replimune Group, Inc. has filed an automatic shelf registration statement on Form S-3, allowing it to offer, from time to time after effectiveness, an unspecified amount of common stock, preferred stock, debt securities, warrants and units. Specific terms, prices and amounts for each takedown will be detailed in future prospectus supplements.
The company is a commercial-stage biotechnology business focused on oncolytic immunotherapy, including its product TUDRIQEV and additional candidates from its RPx platform. As of August 11, 2026, authorized capital consists of 150 million common and 10 million preferred shares, with 93,798,096 common shares issued and outstanding, alongside multiple series of pre-funded warrants.
Net proceeds from any future offerings are expected to be used for general corporate purposes, which may include working capital, capital expenditures, investments in subsidiaries, acquisitions and repurchases or redemptions of securities. The filing also describes extensive anti-takeover and governance provisions under Delaware law and the company’s charter, as well as standard debt, warrant and unit structures that may be used in future financings.
Positive
- None.
Negative
- Auditor going-concern emphasis: The independent auditor’s report on the year ended March 31, 2026 financial statements includes an explanatory paragraph relating to Replimune’s ability to continue as a going concern, signaling elevated financial risk.
Filing Explained
The shelf adds no immediate shares or proceeds; warrant dilution remains contingent on exercise, alongside a going-concern qualification.
This August 14 S-3ASR leaves financing capacity in place rather than completing a sale; any holder impact from its warrant-linked shares requires exercise, which would increase the share count.
The filing states that the pre-funded warrants carry exercise prices of
The prospectus incorporates an auditor’s report with an explanatory paragraph about the company’s ability to continue as a going concern, a disclosure concerning funding operations for the next 12 months. As of
Sources and calculations
- Replimune Form S-3ASR (2026-08-14)
- Form S-3 purpose (2026-07-17)
- Dilution definition (2026-07-17)
- Pre-funded warrant definition (2026-07-17)
- Going-concern qualification definition (2026-07-17)
- Replimune quarterly fundamentals (2026-06-30)
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $185,359,000 / ($75,728,000 / 90) = [object Object]
Key Figures
Key Terms
automatic shelf registration statement regulatory
oncolytic immunotherapy medical
pre-funded warrants financial
covenant defeasance financial
legal defeasance financial
Section 203 of the DGCL regulatory
Offering Details
FAQ
What does Replimune Group, Inc. (REPL) plan to offer under this new shelf registration?
How will Replimune (REPL) use proceeds from any future securities offerings?
What is Replimune’s (REPL) current capital structure as described in the prospectus?
What pre-funded warrants does Replimune (REPL) have outstanding?
What ownership limits apply to Replimune’s (REPL) pre-funded warrants?
What risk-related disclosure tied to going concern affects Replimune (REPL)?
AI-generated analysis. How Rhea-AI works. Not financial advice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
UNDER THE
SECURITIES ACT OF 1933
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Delaware
(State or Other Jurisdiction of
Incorporation or Organization) |
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82-2082553
(I.R.S. Employer
Identification Number) |
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Woburn, MA 01801
(781) 222-9600
Chief Executive Officer
Replimune Group, Inc.
500 Unicorn Park Drive
Suite 303
Woburn, MA 01801
(781) 222-9600
Thurston J. Hamlette
Morgan, Lewis & Bockius LLP
101 Park Ave.
New York, NY 10178
(212) 309-6000
| | Large accelerated filer | | | ☐ | | | Accelerated filer | | | ☐ | |
| | Non- accelerated filer | | | ☒ | | | Smaller reporting company | | | ☒ | |
| | | | | | | | Emerging growth company | | | ☐ | |
Preferred Stock
Debt Securities
Warrants
Units
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Page
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ABOUT THIS PROSPECTUS
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THE COMPANY
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RISK FACTORS
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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USE OF PROCEEDS
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DESCRIPTION OF CAPITAL STOCK
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DESCRIPTION OF DEBT SECURITIES
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DESCRIPTION OF WARRANTS
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DESCRIPTION OF UNITS
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FORMS OF SECURITIES
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PLAN OF DISTRIBUTION
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LEGAL MATTERS
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EXPERTS
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WHERE YOU CAN FIND MORE INFORMATION
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
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Attention: Investor Relations
500 Unicorn Park Drive, Suite 303
Woburn, MA 01801
+1 (781) 222-9600
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SEC registration fee
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Legal fees and expenses
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Accounting fees and expenses
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Printing expenses
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Transfer and registrar fees and expenses
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| | | $ | (2) | | |
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Miscellaneous
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Total
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Incorporated by Reference
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Exhibit
Number |
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Exhibit Description
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Form
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Date
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Number
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| | 1.1* | | | Form of Underwriting Agreement | | | | | | | | | | |
| | 3.1 | | |
Third Amended and Restated Certificate of Incorporation of Replimune Group, Inc. (conformed to include the Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation filed on September 9, 2019)
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10-K
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| | June 3, 2020 | | |
3.1
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| | 3.2 | | |
Amended and Restated By-laws of Replimune Group, Inc.
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8-K
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| | July 24, 2018 | | |
3.2
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| | 4.1 | | |
Form of Common Stock Certificate of the Registrant
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S-1/A
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| | July 10, 2018 | | |
4.1
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Form of Pre-Funded Warrant (2019)
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8-K
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November 18, 2019
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4.1
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| | 4.3 | | |
Form of Pre-Funded Warrant (2020)
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8-K
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| | June 10, 2020 | | |
4.1
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| | 4.4 | | |
Form of Pre-Funded Warrant (2022)
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8-K
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December 12, 2022
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4.1
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Form of Pre-Funded Warrant (June 2024)
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8-K
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| | June 13, 2024 | | |
4.1
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| | 4.6 | | |
Form of Pre-Funded Warrant (December 2024)
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8-K/A
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| | December 4, 2024 | | |
4.1
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Form of Pre-Funded Warrant (August 2026)
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8-K/A
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| | August 11, 2026 | | |
4.1
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| | 4.8* | | | Form of Certificate of Designation with Respect to Any Preferred Stock Issued Hereunder and the Related Form of Preferred Stock Certificate | | | | | | | | | | |
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Form of Indenture to Be Entered Into Between Registrant and Trustee Acceptable to the Replimune Group, Inc.
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| | 4.10* | | | Form of Debt Security | | | | | | | | | | |
| | 4.11* | | | Form of Warrant Agreement and Warrant Certificate | | | | | | | | | | |
| | 4.12* | | | Form of Unit Agreement and Unit Certificate | | | | | | | | | | |
| | 4.13 | | |
Form of Pre-Funded Warrant
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| | 5.1 | | |
Opinion of Morgan, Lewis & Bockius LLP
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| | 23.1 | | |
Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 5.1)
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| | 23.2 | | |
Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm
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Incorporated by Reference
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Exhibit
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Exhibit Description
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Form
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Date
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Number
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| | 24.1 | | |
Power of Attorney (incorporated by reference to the signature page hereto).
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25.1**
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| | Form T-1 Statement of Eligibility of Trustee under the Indenture | | | | | | | | | | |
| | 107 | | |
Filing Fee Table
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Chief Executive Officer and Director
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Name
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Title
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Date
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/s/ Sushil Patel
Sushil Patel
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Chief Executive Officer and Director
(Principal Executive Officer) |
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August 14, 2026
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/s/ Emily Hill
Emily Hill
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Chief Financial Officer
(Principal Financial Officer) |
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August 14, 2026
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/s/ Andrew Schwendenman
Andrew Schwendenman
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Chief Accounting Officer
(Principal Accounting Officer) |
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August 14, 2026
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/s/ Philip Astley-Sparke
Philip Astley-Sparke
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| | Director | | |
August 14, 2026
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/s/ Kapil Dhingra
Kapil Dhingra
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| | Director | | |
August 14, 2026
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/s/ Madhavan Balachandran
Madhavan Balachandran
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| | Director | | |
August 14, 2026
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/s/ Christy Oliger
Christy Oliger
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| | Director | | |
August 14, 2026
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Name
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Title
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Date
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/s/ Paolo Pucci
Paolo Pucci
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| | Director | | |
August 14, 2026
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/s/ Joseph Slattery
Joseph Slattery
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| | Director | | |
August 14, 2026
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/s/ Veleka Peeples-Dyer
Veleka Peeples-Dyer
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| | Director | | |
August 14, 2026
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/s/ Dieter Weinand
Dieter Weinand
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| | Director | | |
August 14, 2026
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/s/ Michael Goller
Michael Goller
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| | Director | | |
August 14, 2026
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