Microcap Ledger

Tickers · $VBIO

Valion Bio, Inc. $VBIO

By Microcap Ledger desk · CIK 0001787740

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
San Antonio, TX
Fiscal year end
December 31
Shares outstanding
22,189,739 [10-Q 2026-08-14]
as of 2026-08-13

Sources: [10-K 2026-03-30]

What the company doesAI summary of filing

Tivic Health Systems, Inc. is a late-stage biopharmaceutical company focused on developing Entolimod, a recombinant TLR5 agonist, as a medical countermeasure for acute radiation syndrome and oncology-related conditions. The company is advancing Entolimod through regulatory approval toward potential government procurement for the Strategic National Stockpile, while also exploring expansion into indications such as neutropenia, thrombocytopenia, and radiation-induced mucositis. Tivic acquired worldwide exclusive license rights to Entolimod from Statera Biopharma in February 2025 and subsequently established Velocity Bioworks as a contract development and manufacturing organization subsidiary in December 2025. The company is pre-revenue and in clinical-stage development, with Entolimod in pre-BLA status under the FDA Animal Rule and Fast Track and Orphan Drug designations. [10-K 2026-03-30]

Segments: Entolimod (TLR5 agonist for acute radiation syndrome), Entolimod (for radiation-induced neutropenia and thrombocytopenia), Entolimod (for radiation-induced mucositis), Velocity Bioworks (contract development and manufacturing organization)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026—−$13.30M −$10.29M$2.11M[10-Q 2026-08-14]
FY ended Dec 2025—−$8.88M −$7.00M$12.64M[10-K 2026-03-30]
FY ended Dec 2024$780.0K−$5.66M −$5.72M$2.00M[10-K 2025-03-21]
Quarterly cash burn
−$5.15M
Cash runway Estimate
~1.2 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-128,266,085[10-Q 2024-11-14]
2025-03-17620,137[10-K 2025-03-21]
2025-05-12878,341[10-Q 2025-05-15]
2025-08-121,083,029[10-Q 2025-08-14]
2025-11-121,765,952[10-Q 2025-11-14]
2026-03-172,877,926[10-K 2026-03-30]
2026-05-103,200,824[10-Q 2026-05-14]
2026-08-1322,189,739[10-Q 2026-08-14]
Shelf registration
S-3 filed 2026-10-08; no effectiveness notice found in EDGAR [S-3 2026-10-08]

Listing status

Current status: 2 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-03-20. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-03-208-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-03-20]
2025-01-038-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2025-01-03]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-09-18Wolf Lisa Gexercise4—[4 2026-09-24]
2026-09-18Wolf Lisa Gother2$2.12[4 2026-09-24]
2026-06-18Wolf Lisa Gexercise92—[4 2026-06-18]
2026-05-18Handley Michael Kexercise2,206—[4 2026-05-20]
2026-04-15Bolton Sherylebuy10,000$1.04[4 2026-04-20]
2026-04-01Valauri Christina Rizopoulosbuy19,000$0.95[4 2026-04-02]
2026-03-18Wolf Lisa Gexercise92—[4 2026-03-19]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.