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SCHEDULE Filed 2025-10-01 Event 2025-09-29 SEC 0001346824-25-000011 →

RA CAPITAL MANAGEMENT, L.P. ARS Pharmaceuticals, Inc. SPRY

Stake: 11.10% Shares: 10,940,977 CUSIP: 82835W108 Class: Common Stock, par value $0.0001 per share

Item 4 — Purpose of Transaction

Item 4 is hereby amended and supplemented as follows: On September 29, 2025, the Issuer and certain direct and indirect subsidiaries of the Issuer who may become a party thereto from time to time, as guarantors (the "Guarantors"), and ARS Pharmaceuticals Operations, Inc., a wholly owned subsidiary of the Issuer, as the borrower (the "Borrower" and, collectively with the Guarantors, the "Credit Parties"), entered into a credit agreement (the "Credit Agreement") with RA Capital Agency Services, LLC (as the "Administrative Agent" and as the "Collateral Agent"), and affiliates of OMERS Administration Corporation and RA Capital, as lenders, and such other lenders from time to time party thereto (the "Lenders"), providing for up to $250.0 million of term loans from the Lenders to the Borrower (the "Term Loans"). The proceeds of the Term Loans will be used to (i) fund research, development and other product development and commercialization activities of the Company's products and (ii) for other general corporate purposes.

Cross-References

Insider Activity (last 365d)
0 transactions
0 buys · 0 sales · 0 awards/exercises
Issuer Cluster
2 13D/G filings on this issuer
1 other filing besides this one
Filer Track Record
62 filings by this filer
61 other filings in the data moat
Short Interest · settle 2026-03-31
DTC 13.89
25,341,296 shares short · +6.8% vs prior

Institutional Consensus · 2025-12-31

Held by elite portfolio managers
1 holder · $6.48M
Third Point

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2025-03-24 SCHEDULE Flynn James E 10.72% 10,514,657 view →

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