11/04/2024 | Press release | Distributed by Public on 11/04/2024 08:14
Filed pursuant to Rule 424(b)(5)
Registration No. 333-273384
PROSPECTUS SUPPLEMENT NO. 1
(to the prospectus dated April 2, 2024)
Cadrenal Therapeutics, Inc.
395,167 Shares of Common Stock
This prospectus supplement updates, amends and supplements the prospectus contained in our Post Effective Amendment No. 1 to the Registration Statement on Form S-1 on Form S-3, declared effective as of April 2, 2024 (as supplemented or amended from time to time, the "Prospectus") (Registration No. 333-273384) relating to the resale from time to time of up to 5,927,500 shares of common stock, par value $0.001 per share (the "Common Stock"), of Cadrenal Therapeutics, Inc. (the "Company"), which number of shares was reduced to 395,167 shares of Common Stock as a result of the 1-for-15 reverse stock split effected by the Company on August 20, 2024 (the "Reverse Stock Split"), including, in part, 4,285,715 shares of Common Stock (285,715 shares of Common Stock as adjusted for the Reverse Stock Split) issuable upon the exercise of common warrants to purchase shares of Common Stock (the "Existing Warrants") purchased by an investor in a private placement transaction that closed on or about July 14, 2023 (the "Private Placement"). This prospectus supplement is being filed in connection with an amendment to certain of the Existing Warrants as described below under "Amendments to Existing Warrants." Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Our shares of Common Stock are listed on the Nasdaq Capital Market under the symbol "CVKD". On October 31, 2024, the closing price for our shares of Common Stock on the Nasdaq Capital Market was $16.96 per share.
Investing in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the risks and uncertainties under the heading "Risk Factors" beginning on page 5 of the Prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prospectus or this prospectus supplement. Any representation to the contrary is a criminal offense.
AMENDMENTS TO EXISTING WARRANTS
This prospectus supplement is being filed to disclose the following:
On November 1, 2024, we entered into an amendment with a holder of Existing Warrants to purchase up to 285,715 shares of Common Stock held in the aggregate by such holders in order to amend the exercise price under such Existing Warrants from $26.25 to $16.50 per share.
The date of this prospectus supplement is November 1, 2024.