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8-K ·Filed Sep 30, 2026

CALC

CalciMedica, Inc.
BEARISH
Impact 5/10
Horizonweeks Processed26d 18h ago SEC0001193125-26-409049
8-K context-dependent: Items 8.01
Actionable Insight ▼ Bearish

Monitor the company's ATM sales disclosures in future filings to gauge the pace and size of actual share issuance. The $25 million authorization represents a significant potential overhang for a clinical-stage biotech with no disclosed revenue.

DirectionBearish
Confidencehigh
Horizonweeks
Latest settled — T+5d ⚠ clustered
CALC ▼ -21.21% at T+5d
SHORT call ✓ call won +21.21% · α vs SPY +22.51% · entry $1.65 → $1.30
Next anchor: T+20d in 21h
Latest observation: T+16 -5.10% FF3 residual α
Entry = T+0 close
Sep 30, 2026
via day close
T+1d
-3.03%
call +3.03% · α +3.77%
$1.60
settled 26d ago
T+5d
-21.21%
call +21.21% · α +22.51%
$1.30
settled 20d ago
T+20d
Pending
in 21h
T+60d
Pending
in 8w

Price Chart

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Executive Summary

CalciMedica filed a prospectus supplement to sell up to $25 million of common stock under an existing at-the-market offering agreement with H.C. Wainwright & Co., utilizing its effective shelf registration statement. This is a routine capital-raising update that increases potential dilution for existing shareholders.

Key Facts

  • CalciMedica may offer and sell up to $25,000,000 of common stock under an ATM agreement with H.C. Wainwright & Co.
  • The prospectus supplement was filed on September 30, 2026, under the company's existing shelf registration (Form S-3, No. 333-293972).
  • The shelf registration was initially filed on March 3, 2026, and declared effective on March 11, 2026.
  • The legal opinion from Cooley LLP confirms the shares will be validly issued, fully paid, and nonassessable when sold.

Financial Impact

Up to $25,000,000 in potential common stock sales, causing dilution for existing shareholders.

dilution

Risk Factors

  • Dilution from future share sales under the ATM program.
  • Potential downward pressure on stock price as shares are sold into the market.
  • No disclosed revenue or profitability — reliance on equity financing for operations.

Investment Themes

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-409049
Document: d39303dex51.htm0001193125-26-409049
Document: 0001193125-26-409049-index-headers.html0001193125-26-409049
Document: 0001193125-26-409049-index.html0001193125-26-409049
Document: 0001193125-26-409049.txt0001193125-26-409049
11 reports for CALC
Performance horizon
75% Hit rate @ T+20 3 of 4 directional calls Went positive at some point 5 of 6 best @ T+60▲ +35.71%Jun 24, 2026
Filters
Rows
Reports for CALC — sortable, filterable
TypeNow
Oct 16, 2026
10d ago
8-K
BEARISH ★ 5/10
$1.02awaiting T+20—$1.32 (−29.41%)
Sep 30, 2026
26d ago
8-K
BEARISH ★ 5/10
$1.65awaiting T+20—$1.32 (+20.00%)
Sep 30, 2026
26d ago
424B5
BEARISH ★ 5/10
$1.65awaiting T+20—$1.32 (+20.00%)
Sep 2, 2026
7w ago
8-K
BEARISH ★ 6/10
$2.10 $1.65▲ +21.43%▲ +21.28%$1.32 (+37.14%)
Aug 11, 2026
11w ago
8-K
BEARISH ★ 6/10
$0.6577 $0.4590▲ +30.21%▲ +29.15%$1.32 (−100.70%)
Aug 11, 2026
11w ago
Press Release
NEUTRAL ★ 4/10
$0.6577 $0.4590▼ −30.21%▼ −29.15%$1.32 (+100.70%)
Jul 10, 2026
15w ago
3
NEUTRAL ★ 2/10
$0.8178 $0.6590▼ −19.42%▼ −22.60%$1.32 (+61.41%)
Jun 24, 2026
17w ago
8-K
BEARISH ★ 6/10
$0.5973 $0.7159▼ −19.86%▼ −19.18%$1.32 (−120.99%)
May 12, 2026
24w ago
8-K
NEUTRAL ★ 4/10
$0.6300 $0.9320▲ +47.94%▲ +49.66%$1.32 (+109.52%)
Mar 12, 2026
32w ago
EFFECT
NEUTRAL ★ 4/10
$0.7260 $0.6180▼ −14.88%▼ −16.85%$1.32 (+81.82%)
Showing 10 of 11

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Report published Sep 30, 2026