---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-24-002052"
form_type: "8-K"
ticker: "LIPO"
cik: "0001347242"
company_name: "LIPELLA PHARMACEUTICALS INC."
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:06:46.154653+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lipella Pharmaceuticals enters agreement for up to $6M Series B convertible preferred offering

## Summary
- Offering of up to $6,000,000 in Series B non-voting convertible preferred stock; underwritten by Spartan Capital Securities.
- Placement agent fee: 10% of gross proceeds in cash plus warrants for 10% of conversion shares at $1.00/share, 5-year term.
- Separate consulting agreement with Spartan: $300,000 cash fee and 700,000 shares of Series C Preferred Stock for advisory services.
- Series C Preferred Stock is junior to other preferred, pari passu with common, convertible 1:1 with 4.99% beneficial ownership limit.
- Investors granted right to purchase additional $6M in a Mirror Offering within six months of registration effective date.

## SEC filing metadata
- accession: 0001753926-24-002052
- form_type: 8-K
- ticker: LIPO
- cik: 0001347242
- company_name: LIPELLA PHARMACEUTICALS INC.
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347242/000175392624002052/0001753926-24-002052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347242/000175392624002052/g084587_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-24-002052
- JSON: https://secwatch.observer/filing/0001753926-24-002052.json
- Plain text: https://secwatch.observer/filing/0001753926-24-002052.txt

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