---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-157373"
form_type: "8-K/A"
ticker: "LYRA"
cik: "0001327273"
company_name: "Lyra Therapeutics, Inc."
filed_at: "2024-06-07T23:59:59+00:00"
generated_at: "2026-06-01T05:30:01.932132+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lyra Therapeutics estimates $3.9-4.1M in charges from workforce reduction of up to 87 employees

## Summary
- Board approved workforce reduction of up to 87 employees, effective May 21 and June 20, 2024.
- Cost estimate: $3.9 to $4.1 million, primarily severance and benefits.
- Majority of charges expected in Q2 2024.
- Company previously could not estimate costs; this 8-K/A provides updated disclosure.

## SEC filing metadata
- accession: 0001193125-24-157373
- form_type: 8-K/A
- ticker: LYRA
- cik: 0001327273
- company_name: Lyra Therapeutics, Inc.
- filed_at: 2024-06-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327273/000119312524157373/0001193125-24-157373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327273/000119312524157373/d837500d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-157373
- JSON: https://secwatch.observer/filing/0001193125-24-157373.json
- Plain text: https://secwatch.observer/filing/0001193125-24-157373.txt

## Key facts
- Restructurings & Charges
  Lyra Therapeutics, Inc. announced a restructuring with charges of approximately $3.9 to $4.1 million (up to 87 employees).
  - Type: restructuring
  - Charge: approximately $3.9 to $4.1 million
  - Headcount: up to 87 employees
  source text: The Company currently estimates that it will incur charges of approximately $3.9 to $4.1 million in connection with the Workforce Reduction, primarily consisting of severance payments, employee benefits and related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327273/000119312524157373/0001193125-24-157373-index.htm

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