---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-025262"
form_type: "8-K"
ticker: "GUTS"
cik: "0001572616"
company_name: "FRACTYL HEALTH, INC."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:07:10.997991+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-025262
- form_type: 8-K
- ticker: GUTS
- cik: 0001572616
- company_name: FRACTYL HEALTH, INC.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1572616/000119312524025262/0001193125-24-025262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1572616/000119312524025262/d732680d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-025262
- JSON: https://secwatch.observer/filing/0001193125-24-025262.json
- Plain text: https://secwatch.observer/filing/0001193125-24-025262.txt

## Key facts
- Governance Changes
  FRACTYL HEALTH, INC.: Amended and restated bylaws effective upon IPO closing (effective 2024-02-06).
  - Change: bylaw amendment
  - Effective: 2024-02-06
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1572616/000119312524025262/0001193125-24-025262-index.htm
- Governance Changes
  FRACTYL HEALTH, INC.: Amended and restated certificate of incorporation effective upon IPO closing (effective 2024-02-06).
  - Change: charter amendment
  - Effective: 2024-02-06
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1572616/000119312524025262/0001193125-24-025262-index.htm

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