[POSASR] Verve Therapeutics, Inc. SEC Filing
Verve Therapeutics, Inc. (NASDAQ: VERV) filed Post-Effective Amendment No. 3 to its automatic shelf registration (Form S-3, File No. 333-267578) to terminate the registration and deregister all unsold securities previously available under the shelf.
- The original shelf (effective Sept 23 2022) covered up to $500 million in mixed securities and an additional $150 million of common stock under an at-the-market sale agreement with Jefferies.
- On July 25 2025, Verve completed its merger with Eli Lilly and Company; Ridgeway Acquisition Corp. was merged into Verve, which now operates as an indirect wholly owned subsidiary of Lilly.
- Because the company is no longer an independent public issuer, all offerings under the shelf have been permanently terminated.
- Merger with Eli Lilly closed, providing liquidity to former VERV shareholders.
- Removal of $650 million shelf eliminates potential future dilution concerns (now moot under private ownership).
- Deregistration confirms loss of independent public investment opportunity in Verve Therapeutics.
- No further public disclosures will be available, reducing transparency for any remaining minority holders of contingent rights, if any.
Insights
TL;DR: Routine deregistration after Lilly buyout; no direct valuation impact for investors.
This filing simply cleans up Verve’s capital markets footprint following the closing of its cash-out merger with Eli Lilly. The $650 million shelf is no longer needed because Verve's equity is now privately held. Investors who tendered shares have already received merger consideration, so the amendment does not alter economics or create new liabilities. From a disclosure perspective, it removes any lingering dilution overhang, but that is moot given the company’s delisting. Overall impact: administrative and neutral.
TL;DR: Filing satisfies Rule 415 undertakings and finalizes Verve’s transition to private status.
The registrant is fulfilling its obligation to withdraw unsold securities under Rule 478. This signals that all public-facing compliance for Verve, aside from merger-related wrap-ups, is effectively complete. It also helps Lilly consolidate reporting streams by eliminating redundant shelf capacity. No governance red flags appear; the amendment follows standard post-merger protocol.