The EFFECT notice confirms the S-1 is now effective, meaning the IPO can proceed to pricing. Traders should watch for the final pricing announcement and first-day trading on Nasdaq. The underwriter option for 3.5M additional shares suggests potential for a larger deal if demand is strong. Monitor the prospectus for any pricing updates and the company's financials as disclosed in the S-1.
Price Chart
Executive Summary
Kardigan, Inc.'s S-1 registration statement (File No. 333-296236) for its initial public offering of common stock became effective on June 17, 2026. The company is offering 23,333,334 shares at an estimated price range of $14.00–$16.00 per share, with an underwriter option for an additional 3,500,000 shares. The IPO is expected to price imminently, with shares to be listed on Nasdaq under ticker KARD.
Key Facts
- S-1 registration for IPO became effective on June 17, 2026
- Offering: 23,333,334 shares of common stock
- Estimated IPO price range: $14.00–$16.00 per share
- Underwriters have 30-day option to purchase up to an additional 3,500,000 shares
- Listing on Nasdaq Global Market under ticker KARD
- No public market for common stock prior to this offering
- Underwriters: J.P. Morgan, Jefferies, Leerink Partners, TD Cowen
Financial Impact
IPO of 23,333,334 shares at $14–$16 per share; gross proceeds approximately $326.7M–$373.3M before underwriting discounts and expenses
Risk Factors
- IPO pricing below the estimated range could reduce proceeds
- No prior public market — first-day volatility may be significant
- Underwriting discounts and commissions reduce net proceeds to the company
- Market conditions may delay or alter the offering
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002044 |
| Document: 9999999995-26-002044-index.html | 9999999995-26-002044 |
| Document: 9999999995-26-002044.txt | 9999999995-26-002044 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | SC 13D/A | $14.79 | awaiting T+60 | — | $12.63 (−14.60%) |
Sep 30, 2026 27d ago | 8-K | $14.75 | awaiting T+60 | — | $12.63 (−14.37%) |
Aug 11, 2026 11w ago | 8-K | $22.06 | awaiting T+60 | — | $12.63 (−42.75%) |
Jun 24, 2026 17w ago | Insider Cluster | $22.58 $16.64 | ▼ −26.31% | ▼ −30.04% | $12.63 (−44.07%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
Jun 18, 2026 18w ago | 3 | $22.00 $19.05 | ▼ −13.41% | ▼ −15.30% | $12.63 (−42.59%) |
US Market Status
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