MADRIGAL PHARMACEUTICALS INC

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

MDGL$432.79+8.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity

Preferred stock · Common stock · Additional paid-in Capital · Accumulated other comprehensive income (loss) · Accumulated deficit · Total stockholders’ equity
Shares · Amount · Shares · Amount
Balance at December 31, 2020	1,969,797	$—			15,508,146		$2		$665,385			$47			$(425,464)		$239,970
Issuance of common shares in equity offering, excluding to related parties, net of transaction costs	—	—			1,584,169		—		170,207			—			—		170,207
Sale of common shares to related parties and exercise of common stock options, net of transaction costs	—	—			11,080		—		1,030			—			—		1,030
Compensation expense related to stock options for services	—	—			—		—		26,873			—			—		26,873
Unrealized loss on marketable securities	—	—			—		—		—			(127)			—		(127)
Net loss	—	—			—		—		—			—			(241,846)		(241,846)
Balance at December 31, 2021	1,969,797	$—			17,103,395		$2		$863,495			$(80)			$(667,310)		$196,107
Issuance of common and preferred shares in equity offerings, excluding to related parties, net of transaction costs	400,000	—			783,344		—		255,382			—			—		255,382
Sale of common shares to related parties and exercise of common stock options, net of transaction costs	—	—			215,784		—		8,955			—			—		8,955
Compensation expense related to stock options for services	—	—			—		—		31,625			—			—		31,625
Unrealized gain on marketable securities	—	—			—		—		—			48			—		48
Hercules warrant	—	—			—		—		622			—			—		622
Net loss	—	—			—		—		—			—			(295,350)		(295,350)
Balance at December 31, 2022	2,369,797	$—			18,102,523		$2		$1,160,079			$(32)			$(962,660)		$197,389
Issuance of common and preferred shares in equity offerings, excluding to related parties, net of transaction costs	—	—		1,346,199		—		260,187	—		—		260,187
Sale of warrants and common shares to related parties and exercise of common stock options, net of transaction costs	—	—		426,705		—		270,292	—		—		270,292
Compensation expense related to stock options for services	—	—		—		—		49,735	—		—		49,735
Unrealized gain on marketable securities	—	—		—		—			500			—		500
Hercules warrant	—	—		—		—		860	—		—		860
Net loss	—	—		—		—		—	—		(373,630)			(373,630)
Balance at December 31, 2023	2,369,797		—		19,875,427			$2		$1,741,153			$468			$(1,336,290)		$405,333

ContentsView on SEC.gov

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