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Longeveron Inc

For the period ended Mar 31, 2024. Filed May 14, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 14, 2024

LGVN$1.81+5.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File Number:001-40060

(Exact name of registrant as specified in its charter)

Delaware47-2174146
(State or Other Jurisdiction of Incorporation)(IRS Employer Identification No.)
1951 NW 7th Avenue, Suite 520, Miami, Florida33136
(Address of principal executive offices)(Zip Code)

(305) 909-0840

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.001 per shareLGVNThe Nasdaq Capital Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of May 10, 2024, the registrant had 4,864,619 shares of Class A common stock, $0.001 par value per shares, and 1,484,005 shares of Class B common stock, $0.001 par value per share, outstanding.

LONGEVERON INC.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
ITEM 1.Condensed Financial Statements1
Condensed Balance Sheets as of March 31, 2024 (unaudited) and December 31, 20231
Condensed Statements of Operations for the three months ended March 31, 2024 and 2023 (unaudited)2
Condensed Statements of Comprehensive Loss for the three months ended March 31, 2024 and 2023 (unaudited)3
Condensed Statements of Stockholders’ Equity for the three months ended March 31, 2024 and 2023 (unaudited)4
Condensed Statements of Cash Flows for the three months ended March 31, 2024 and 2023 (unaudited)6
Notes to Unaudited Condensed Financial Statements7
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk33
ITEM 4.Controls and Procedures33
PART II. OTHER INFORMATION
ITEM 1.Legal Proceedings34
ITEM 1A.Risk Factors34
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds34
ITEM 3Defaults Upon Senior Securities34
ITEM 4Mine Safety Disclosures34
ITEM 5Other Information34
ITEM 6.Exhibits35
SIGNATURES36

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.