Fractyl Health completes $110M IPO at $15/share, adopts amended charter and bylaws

FRACTYL HEALTH, INC.

Closed IPO of 7,333,333 shares at $15.00 per share; gross proceeds ~$110M before expenses.
Amended charter authorized 300M shares common stock and 10M shares undesignated preferred.
Bylaws establish classified board, exclusive forum provisions, and eliminate cumulative voting.
Stockholder action by written consent prohibited; advance notice requirements for director nominations.
Two-thirds supermajority vote required to remove directors for cause or amend bylaws/charter provisions.

item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FRACTYL HEALTH, INC.: Amended and restated bylaws effective upon IPO closing (effective 2024-02-06).

Change: bylaw amendment
Effective: 2024-02-06

Exact text from the filing

On February 6, 2024, Fractyl Health, Inc.’s (the “Company”) amended and restated certificate of incorporation (the “Certificate of Incorporation”), filed with the Secretary of State of the State of Delaware on February 6, 2024, and its amended and restated bylaws (the “Bylaws”) became effective in connection with the closing of the initial public offering of shares of the Company’s common stock.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FRACTYL HEALTH, INC.: Amended and restated certificate of incorporation effective upon IPO closing (effective 2024-02-06).

Change: charter amendment
Effective: 2024-02-06

Exact text from the filing

On February 6, 2024, Fractyl Health, Inc.’s (the “Company”) amended and restated certificate of incorporation (the “Certificate of Incorporation”), filed with the Secretary of State of the State of Delaware on February 6, 2024, and its amended and restated bylaws (the “Bylaws”) became effective in connection with the closing of the initial public offering of shares of the Company’s common stock.

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

FRACTYL HEALTH, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-025262

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