The effectiveness clears the way for selling stockholders to begin distributing shares into the market. Monitor trading volume and any Form 4 filings from insiders or major holders for signs of actual selling. The lack of new capital for the company means this is a secondary liquidity event, not a primary raise.
Price Chart
Executive Summary
MapLight Therapeutics' S-1 registration statement (File No. 333-298837) became effective on September 23, 2026. This allows selling stockholders to resell up to 13,181,055 shares of common stock issued in a $150.0 million private placement that closed on August 14, 2026. The company will not receive any proceeds from this resale offering.
Key Facts
- S-1 registration became effective on September 23, 2026
- Registers up to 13,181,055 shares of common stock for resale by selling stockholders
- Shares were issued in a $150.0 million private placement that closed on August 14, 2026
- Company will not receive any proceeds from the resale offering
- Effectiveness follows Amendment No. 1 to the S-1 filed on September 18, 2026
Financial Impact
Up to 13,181,055 shares registered for resale; no proceeds to the company
Risk Factors
- Potential overhang from selling stockholders could pressure the stock price
- No new capital raised for the company's operations
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003044 |
| Document: 9999999995-26-003044-index.html | 9999999995-26-003044 |
| Document: 9999999995-26-003044.txt | 9999999995-26-003044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Insider Cluster | $8.00 | awaiting T+20 | — | $7.56 (+5.50%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.56 (−1.82%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.56 (−1.82%) |
Oct 15, 2026 11d ago | 144 | $7.70 | awaiting T+20 | — | $7.56 (−1.82%) |
Sep 24, 2026 4w ago | EFFECT | $10.76 $8.25 | ▼ −23.33% | ▼ −22.91% | $7.56 (−29.74%) |
Sep 18, 2026 5w ago | S-1/A | $10.90 $8.00 | ▼ −26.61% | ▼ −25.70% | $7.56 (−30.64%) |
Aug 4, 2026 11w ago | Insider Cluster | $12.92 $13.06 | ▲ +1.08% | ▲ +1.69% | $7.56 (−41.49%) |
Aug 3, 2026 12w ago | 144 | $12.94 $13.31 | ▲ +2.86% | ▲ +4.10% | $7.56 (−41.58%) |
Jul 30, 2026 12w ago | 144 | $13.02 $12.60 | ▲ +3.23% | ▲ +6.21% | $7.56 (+41.94%) |
Jul 28, 2026 12w ago | Insider Buy | $15.02 $12.86 | ▼ −14.38% | ▼ −19.40% | $7.56 (−49.67%) |
US Market Status
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