---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-25-004236"
form_type: "8-K"
ticker: "NKTR"
cik: "0000906709"
company_name: "NEKTAR THERAPEUTICS"
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:31:33.832695+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nektar enters ATM equity distribution agreement for up to $75M

## Summary
- ATM equity distribution agreement with Piper Sandler and BTIG allows sale of up to $75M of common stock.
- Shares sold via at-the-market offerings on Nasdaq; agents receive 3.0% commission on gross proceeds.
- Company has no obligation to sell any shares; either party may suspend or terminate the offering.
- Registration statement on Form S-3 filed on March 28, 2025, for the offering.

## SEC filing metadata
- accession: 0001013762-25-004236
- form_type: 8-K
- ticker: NKTR
- cik: 0000906709
- company_name: NEKTAR THERAPEUTICS
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906709/000101376225004236/0001013762-25-004236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906709/000101376225004236/ea0236055-8k_nektar.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-25-004236
- JSON: https://secwatch.observer/filing/0001013762-25-004236.json
- Plain text: https://secwatch.observer/filing/0001013762-25-004236.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.