Soligenix (NASDAQ: SNGX) resets ATM capacity to $2.5M under S-3
Rhea-AI Filing Summary
Soligenix, Inc. amends its prior prospectus supplements to reset the available At-The-Market capacity under its Sales Agreement with Rodman & Renshaw LLC to $2,500,000. This Prospectus Supplement replaces unsold amounts under the Prior Prospectus and permits the company to offer and sell common stock from time to time under the Sales Agreement.
The Prior Prospectus had authorized up to an aggregate offering price of $6,406,000, of which shares with an aggregate price of approximately $6,234,000 were sold. The company reports a public float of $30,702,784 based on 21,621,679 shares held by non-affiliates and a per-share price of $1.42 as of April 27, 2026. Pursuant to Form S-3 General Instruction I.B.6, Soligenix discloses it has sold securities with an aggregate market value of $7,700,914 in the prior 12-calendar-month period.
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Insights
Amends prior ATM capacity to a $2.5M cap under Form S-3 rules.
The supplement updates the company's available at-the-market issuance capacity under the Sales Agreement, replacing previously unsold amounts and citing General Instruction I.B.6 constraints tied to public float. The filing explicitly states the $2,500,000 offering amount and the public float calculation.
Key legal qualifiers include the Form S-3 instruction limiting primary offerings to one-third of public float while below $75,000,000, and the company’s disclosure that it will file another prospectus supplement if public float increases enabling additional sales.
Provides a modest $2.5M ATM capacity; public float and prior sales disclosed.
The company’s available at-the-market capacity is set at $2,500,000, replacing prior unsold authority. The filing quantifies prior ATM sales (~$6,234,000) and cumulative 12-month sales under Form S-3 limits ($7,700,914), which frames remaining near-term issuance flexibility.
Practical implications: the filing documents a constrained but active ATM program; subsequent changes in public float would be reflected via future prospectus supplements.
Key Figures
Key Terms
At-The-Market (ATM) Sales Agreement financial
General Instruction I.B.6 regulatory
Public float market
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-274265
PROSPECTUS SUPPLEMENT
(To Prospectus Supplement dated May 28, 2026 and January 23, 2026
to Prospectus dated December 15, 2023)
Soligenix, Inc.
Up to $2,500,000
COMMON STOCK
This prospectus supplement (the “Prospectus Supplement”) amends and supplements the information in the prospectus supplement dated May 28, 2026 (the “May Prospectus”), which amended and supplemented the prospectus supplement dated January 23, 2026 (the “January Prospectus”), filed as a part of our registration statement on Form S-3 (File No. 333-274265) (the “Registration Statement”) and the prospectus dated December 15, 2023 contained therein (the “December Prospectus” and, together with the January Prospectus and the May Prospectus, the “Prior Prospectus”), relating to the offering, issuance and sale by us of our common stock, par value $0.001 per share, from time to time, that may be issued and sold under the At Market Issuance Sales Agreement (the “Sales Agreement”), dated January 23, 2026, by and between us and Rodman & Renshaw LLC, as sales agent. This Prospectus Supplement should be read in conjunction with the Prior Prospectus, and is qualified by reference thereto, except to the extent that the information herein amends or supersedes the information contained in the Prior Prospectus. This prospectus supplement is not complete without, and may only be delivered or utilized in connection with, the Prior Prospectus and any future amendments or supplements thereto.
We are filing this Prospectus Supplement to amend the Prior Prospectus to update the maximum dollar amount of shares we are eligible to sell under the Sales Agreement and this Prospectus Supplement. Under the Prior Prospectus, we were eligible to offer and sell shares of common stock having an aggregate offering price of up to $6,406,000. As of the date hereof, we have sold shares of common stock having an aggregate price of approximately $6,234,000 under the Prior Prospectus. This Prospectus Supplement relates to the offer and sale of up to $2,500,000 of our common stock under the Sales Agreement, which replaces all amounts left unsold under the Prior Prospectus. As of the date hereof, the current aggregate market value of our outstanding common stock held by non-affiliates, or public float, is $30,702,784, which was calculated based on 21,621,679 outstanding shares of common stock held by non-affiliates as of such date and a price of $1.42 per share, the last reported sales price of our common stock on April 27, 2026, as reported on the Nasdaq Capital Market.
Pursuant to General Instruction I.B.6, as of the date hereof, we currently may offer and sell common stock having an aggregate offering price of up to $2,500,000 under the Sales Agreement pursuant to this Prospectus Supplement, which amount is in addition to the common stock that we have sold to date in accordance with the Sales Agreement under the Prior Prospectus. If our public float increases such that we may sell additional amounts under the Sales Agreement and the Registration Statement of which this Prospectus Supplement and the Prior Prospectus are a part, we will file another prospectus supplement prior to making additional sales. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities in a public primary offering with a value exceeding one-third of the aggregate market value of our common stock held by non-affiliates in any 12 calendar month period, so long as the aggregate market value of our outstanding common stock held by non-affiliates remains below $75 million. As of the date hereof, we have sold securities with an aggregate market value of $7,700,914 pursuant to General Instruction I.B.6 of Form S-3 during the prior 12 calendar month period that ends on and includes the date hereof.
Our common stock is listed on the Nasdaq Capital Market under the symbol “SNGX.” On June 25, 2026, the last reported sale price of our common stock on the Nasdaq Capital Market was $0.395 per share.
We are a smaller reporting company as defined under Rule 405 of the Securities Act of 1933, as amended, and as such, we have elected to comply with certain reduced public company reporting requirements. See the section entitled “Summary — Implications of Being a Smaller Reporting Company” on page S-3 of the Prior Prospectus for additional information.
Investing in our common stock involves a high degree of risk. Before buying any shares, you should read the discussion of material risks of investing in our common stock in “Risk Factors” beginning on page S-7 of the Prior Prospectus, and in our most recent Annual Report on Form 10-K and in the risks discussed under similar headings in the documents incorporated by reference in this Prospectus Supplement and the Prior Prospectus, as they may be amended, updated or modified periodically in our reports filed with the Securities and Exchange Commission.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prior Prospectus or this Prospectus Supplement. Any representation to the contrary is a criminal offense.
Rodman & Renshaw LLC
The date of this Prospectus Supplement is June 26, 2026.