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425 ·Filed Oct 13, 2026

PULM

Pulmatrix, Inc.
NEUTRAL
Impact 4/10
Horizonweeks Processed16d ago SEC0001493152-26-046691
Rule 425 M&A communications
Actionable Insight • Neutral

Monitor the October 26 special meeting outcome and any stockholder dissent; the merger is the primary catalyst. Preclinical data is early-stage and does not change near-term deal risk.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled: T+5d
PULM ▲ +3.62% at T+5d
NEUTRAL call +3.62% · α vs SPY +4.77% · entry $1.38 → $1.43
Next anchor: T+20d in 12d
Latest observation: T+8 +10.10% FF3 residual α
Entry = T+0 close
Oct 13, 2026
via day close
T+1d
-0.72%
call -0.72% · α +0.36%
$1.37
settled 15d ago
T+5d
+3.62%
call +3.62% · α +4.77%
$1.43
settled 9d ago
T+20d
Pending
in 12d
T+60d
Pending
in 2mo

Price Chart

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Executive Summary

Pulmatrix filed a 425 communication highlighting preclinical data for Eos SENOLYTIX's lead candidate PTC-2105, showing attenuation of terminal lean-mass decline and mitigation of semaglutide-associated lean-mass loss in aged mice. The filing also confirms the merger timeline: the special meeting of Pulmatrix stockholders is set for October 26, 2026, with closing expected shortly after, subject to stockholder approval and customary conditions. No changes to deal terms or opposition were disclosed.

Key Financial Metrics

Deal Type
merger

Key Facts

  • PTC-2105 monotherapy reversed terminal lean-mass trajectory from decline to net gain in aged mice (+0.005 vs saline -0.002 g/wk).
  • Semaglutide alone showed steepest terminal lean-mass decline (-0.055 g/wk) with shorter survival (p=0.038); PTC-2105+semaglutide arms reduced this loss.
  • Pulmatrix special meeting for stockholder vote on merger with Eos is scheduled for October 26, 2026.
  • Merger is anticipated to close shortly after the special meeting, subject to stockholder approval and customary conditions.
  • Combined company common stock expected to trade on Nasdaq under ticker 'MTXL'.
  • Registration statement on Form S-4 declared effective by SEC on September 25, 2026; proxy statement/prospectus filed and supplemented on October 7, 2026.

Financial Impact

No financial figures disclosed; preclinical data only; merger-associated financings expected to support pipeline advancement but amounts not specified.

Risk Factors

  • Failure to obtain stockholder approval for the merger.
  • Preclinical results may not translate to clinical outcomes.
  • Ability to secure necessary financings for combined company operations.
  • Regulatory and Nasdaq listing risks post-merger.

Investment Themes

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001493152-26-046691
Document: 0001493152-26-046691-index-headers.html0001493152-26-046691
Document: 0001493152-26-046691-index.html0001493152-26-046691
Document: 0001493152-26-046691.txt0001493152-26-046691
19 reports for PULM
Performance horizon
71% Hit rate @ T+5 5 of 7 directional calls Went positive at some point 6 of 8 best @ T+20▲ +11.15%Aug 7, 2026
Filters
Rows
Reports for PULM, sortable and filterable
TypeNow
Oct 23, 2026
6d ago
EFFECT
BEARISH ★ 5/10
$1.48awaiting T+5awaiting T+5$1.50 (−1.35%)
Oct 22, 2026
7d ago
425
NEUTRAL ★ 4/10
$1.42awaiting T+5awaiting T+5$1.50 (+5.63%)
Oct 13, 2026
16d ago
425
NEUTRAL ★ 4/10
$1.38 $1.43▲ +3.62%▲ +4.77%$1.50 (+8.70%)
Oct 7, 2026
21d ago
DEFA14A
NEUTRAL ★ 2/10
$1.53 $1.41▼ −7.67%▼ −7.39%$1.50 (−1.77%)
Oct 2, 2026
26d ago
S-3/A
BEARISH ★ 5/10
$1.48 $1.43▲ +3.38%▲ +3.80%$1.50 (−1.35%)
Sep 28, 2026
4w ago
EFFECT
BEARISH ★ 5/10
$1.59 $1.48▲ +6.92%▲ +8.12%$1.50 (+5.66%)
Sep 25, 2026
4w ago
DEFM14A
BEARISH ★ 6/10
$1.59 $1.48▲ +6.92%▲ +8.12%$1.50 (+5.66%)
Sep 23, 2026
5w ago
S-4/A
NEUTRAL ★ 2/10
$1.67 $1.54▼ −7.78%▼ −7.37%$1.50 (−10.18%)
Sep 22, 2026
5w ago
425
NEUTRAL ★ 3/10
$1.69 $1.52▼ −9.79%▼ −9.12%$1.50 (−10.98%)
Sep 17, 2026
5w ago
S-4/A
NEUTRAL ★ 5/10
$1.44 $1.61▲ +11.81%▲ +10.54%$1.50 (+4.17%)
Showing 10 of 19

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Report published Oct 13, 2026