Carisma Therapeutics INC
Market Movers (8-K)
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Carisma Therapeutics Inc. announced its voluntary delisting from Nasdaq, executive and board changes, and plans to terminate SEC reporting obligations as it proceeds with wind-down activities.
Worse than expected
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Carisma Therapeutics Inc. announced the termination of its CEO and CSO, along with multiple board resignations, as it pursues an orderly wind-down of operations.
Worse than expected
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Carisma Therapeutics Inc. received a delisting notice from Nasdaq, with trading to cease on October 13, 2025, and plans to move to the OTCID market tier while pursuing an orderly wind-down.
Worse than expected
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Carisma Therapeutics Inc. terminated its merger agreement with OrthoCellix due to failed financing and amended its collaboration with Moderna for a one-time payment.
Delay expected
Worse than expected
Capital raise
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Carisma Therapeutics Inc. announced a $5 million private placement with Ocugen, an extension for Nasdaq listing compliance, and an amended employment agreement for its CEO, all tied to its pending merger with OrthoCellix.
Capital raise
Delay expected
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Carisma Therapeutics Inc. stockholders approved a reverse stock split proposal at a Special Meeting, granting the Board discretion on the ratio and timing, alongside discussions of a proposed merger with OrthoCellix Inc.
Quarterly Earnings (10-Q)
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Carisma Therapeutics Inc. reported Q3 2025 results, confirming its strategic shift to an orderly wind-down of operations after a failed merger and Nasdaq delisting.
Capital raise
Worse than expected
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Carisma Therapeutics reports Q2 2025 results, detailing a planned merger with OrthoCellix, significant operational wind-down, and ongoing Nasdaq compliance challenges.
Worse than expected
Capital raise
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10-Q: Carisma Therapeutics Announces Strategic Shift and Workforce Reduction Amidst Financial Uncertainty
Carisma Therapeutics is reducing operations and exploring strategic alternatives, including a potential wind-down, due to insufficient cash resources.
Worse than expected
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10-Q: Carisma Therapeutics Reports Third Quarter 2024 Financial Results and Provides Business Update
Carisma Therapeutics reported a net loss of $42.8 million for the nine months ended September 30, 2024, and anticipates sufficient cash to sustain operations into the third quarter of 2025.
Worse than expected
Capital raise
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Carisma Therapeutics announced its Q2 2024 financial results, highlighting a strategic shift to prioritize its lead product candidate, CT-0525, and a revised operating plan to extend its cash runway.
Worse than expected
Capital raise
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Carisma Therapeutics announced its first quarter 2024 results, highlighting a strategic shift to prioritize its CT-0525 program and reduce operating expenses.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
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Carisma Therapeutics files an amendment to its 2024 Annual Report on Form 10-K, including detailed information on directors, executive compensation, corporate governance, and related matters omitted from the original filing.
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Carisma Therapeutics halts research and development, explores strategic alternatives including asset sales, and prepares for a potential wind down to preserve cash.
Worse than expected
Capital raise
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Carisma Therapeutics Inc. is focusing its clinical development on CT-0525, a novel CAR-Monocyte therapy, while suspending new patient enrollment in its CT-0508 trial and pausing CT-1119 development.
Worse than expected
Delay expected
Capital raise
Insider Trading (Form 4)
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Carisma Therapeutics' Chief Scientific Officer, Michael Klichinsky, exercised stock options and subsequently sold 56,982 shares of common stock.
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Carisma Therapeutics' Chief Scientific Officer, Michael Klichinsky, sold all of his direct common stock holdings over three days in early October 2025, pursuant to a Rule 10b5-1 plan.
Worse than expected
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Carisma Therapeutics Inc. is progressing its merger with OrthoCellix, securing a $5.0 million investment from Ocugen and extending its Nasdaq compliance deadline.
Delay expected
Capital raise
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Carisma Therapeutics Inc. stockholders approved a reverse stock split at a ratio between 1-for-10 and 1-for-50, granting the Board discretion on implementation.
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Carisma Therapeutics Inc. received an additional delisting notice from Nasdaq for failing to meet the minimum bid price requirement and plans a reverse stock split to regain compliance while also pursuing a merger with OrthoCellix, Inc.
Worse than expected
Delay expected
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425: Carisma Therapeutics and OrthoCellix Announce Definitive Merger Agreement and Concurrent Financing
Carisma Therapeutics Inc. and OrthoCellix, Inc., a wholly-owned subsidiary of Ocugen, Inc., have entered into a definitive merger agreement, with OrthoCellix becoming a wholly-owned subsidiary of Carisma, alongside a proposed concurrent financing.
Capital raise
Proxy Statements (Def-14A)
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Carisma Therapeutics Inc. seeks stockholder approval for a reverse stock split to meet Nasdaq listing requirements and facilitate its merger with OrthoCellix.
Worse than expected
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Carisma Therapeutics Inc. is holding a special stockholder meeting on August 5, 2025, to vote on a reverse stock split aimed at regaining Nasdaq compliance and meeting conditions for its proposed merger with OrthoCellix, Inc.
Capital raise
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Carisma Therapeutics announces its 2024 annual meeting of stockholders to be held virtually on June 13, 2024, featuring proposals for director elections, executive compensation advisory vote, and ratification of KPMG LLP as the independent auditor.
Schedule 13D - Activist Investments
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SCHEDULE 13D/A: HealthCap Exits Carisma Therapeutics Stake
HealthCap VII, L.P. and HealthCap VII GP LLC have fully divested their beneficial ownership in Carisma Therapeutics Inc., ceasing to be a greater than five percent holder as of September 2, 2025.
Worse than expected
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HealthCap VII, L.P. and its general partner have significantly reduced their beneficial ownership in Carisma Therapeutics Inc., falling below the 5% threshold.
Worse than expected
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HealthCap VII, L.P. and HealthCap VII GP LLC have reduced their beneficial ownership in Carisma Therapeutics Inc. to 6.5% through a series of stock sales.
Worse than expected
Schedule 13G - Passive Investments
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AbbVie Biotechnology Ltd. has filed an amended Schedule 13G, disclosing its beneficial ownership in Carisma Therapeutics Inc. has fallen to 4.4% of outstanding common stock.
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