or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ 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 001-36510 LARIMAR THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 20-3857670 (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) 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 001-36510 LARIMAR THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 20-3857670 (I.R.S. Employer Identification No.) Three Bala Plaza East, Suite 506 Bala Cynwyd, Pennsylvan ...

1 Larimar Therapeutics Corporate Presentation November 2020 Forward Looking Statements This presentation contains forward-looking statements that are based on the Company's beliefs and assumptions and on information currently available to management. All statements contained in this presentation other than statements of historical fact are forward-looking statements, including but not limited to statements regarding the expectations and assumptions regarding the future of our business, Company's ability to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 001-36510 LARIMAR THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 20-3857670 (State or other ...

PART I - FINANCIAL INFORMATION [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for the period ended June 30, 2020, reflect the company's financial position, operations, equity, and cash flows, significantly impacted by a reverse merger and private placement [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of June 30, 2020, shows significant strengthening, with total assets increasing to $125.5 million and equity turning positive due to a merger and private placement Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $112,673 | $1,009 | | Total current assets | $119,111 | $4,750 | | Total assets | $125,457 | $5,201 | | **Liabilities & Equity** | | | | Total liabilities | $12,913 | $5,895 | | Total stockholders' equity (deficit) | $112,544 | $(694) | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Net loss significantly increased to $11.3 million for the quarter and $18.0 million for six months ended June 30, 2020, primarily due to higher R&D expenses Statement of Operations Summary (in thousands) | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | Research and development | $8,907 | $3,128 | $13,914 | $7,350 | | General and administrative | $2,492 | $576 | $4,159 | $1,078 | | **Loss from operations** | **$(11,399)** | **$(3,704)** | **$(18,073)** | **$(8,428)** | | **Net loss** | **$(11,330)** | **$(3,704)** | **$(18,004)** | **$(8,428)** | | Net loss per share | $(1.21) | $(0.61) | $(2.33) | $(1.38) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $21.1 million, while investing and financing activities provided $40.6 million and $93.5 million respectively, leading to a $113.0 million net cash increase Cash Flow Summary for the Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash used in operating activities | $(21,120) | $(8,965) | | Net cash provided by (used in) investing activities | $40,643 | $(33) | | Net cash provided by financing activities | $93,480 | $5,990 | | **Net increase (decrease) in cash** | **$113,003** | **$(3,008)** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's biopharmaceutical business, reverse merger accounting, COVID-19 impact on trials, private placement, and intellectual property license commitments - The company is a clinical-stage biopharmaceutical company focused on developing treatments for mitochondrial disorders, with its lead product candidate, **CTI-1601**, in **Phase 1** for Friedreich's Ataxia[31](index=31&type=chunk) - The merger with Zafgen on May 28, 2020 was accounted for as a **reverse acquisition**, with Chondrial deemed the accounting acquirer, consequently, Chondrial's historical financial statements became those of the combined company[36](index=36&type=chunk)[37](index=37&type=chunk) - The **COVID-19 pandemic** caused a temporary halt to the **Phase 1 clinical trial** for **CTI-1601**, which resumed in July 2020, with top-line results anticipated to be delayed from late 2020 to the **first half of 2021**[34](index=34&type=chunk) - On June 1, 2020, the company closed a **private placement**, selling common stock and pre-funded warrants for aggregate gross proceeds of **$80.0 million**, with net proceeds of **$75.4 million**[87](index=87&type=chunk) - The company has **license agreements** with Wake Forest University Health Sciences and Indiana University for the technology used in **CTI-1601**, which include obligations for milestone payments, royalties, and sublicensing fees[103](index=103&type=chunk)[104](index=104&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial impact of the reverse merger and private placement, detailing increased operating expenses driven by R&D for CTI-1601, and confirming sufficient liquidity for the next twelve months [Overview](index=24&type=section&id=Overview) Larimar is a clinical-stage biotech developing CTI-1601 for Friedreich's Ataxia, incurring significant net losses, including $18.0 million for the first six months of 2020 - The company's lead product candidate, **CTI-1601**, is a recombinant fusion protein for treating Friedreich's Ataxia and is currently in **Phase 1 clinical trials**[121](index=121&type=chunk) - As of June 30, 2020, the company had an accumulated deficit of **$41.1 million** and cash, cash equivalents, and marketable debt securities of **$113.7 million**[124](index=124&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Operating expenses significantly increased for the three and six months ended June 30, 2020, driven by higher R&D costs for CTI-1601 and increased G&A expenses post-merger Comparison of Operating Expenses (in thousands) | Expense Category | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | Research and development | $8,907 | $3,128 | $13,914 | $7,350 | | General and administrative | $2,492 | $576 | $4,159 | $1,078 | | **Total operating expenses** | **$11,399** | **$3,704** | **$18,073** | **$8,428** | - The increase in **R&D expenses** was primarily due to a **$5.0 million** (quarterly) and **$5.4 million** (semi-annually) rise in external development costs for **CTI-1601**, related to the **Phase 1 SAD clinical trial**, manufacturing, and toxicology studies[155](index=155&type=chunk)[159](index=159&type=chunk) - The increase in **G&A expenses** was mainly due to a **$1.0 million** (quarterly) and **$2.1 million** (semi-annually) increase in **professional fees** for accounting, audit, and legal services following the merger and becoming a public company[156](index=156&type=chunk)[160](index=160&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity improved from the Zafgen merger and a private placement, with $93.5 million from financing activities, ensuring sufficient funds for the next twelve months - **Net cash used in operating activities** increased to **$21.1 million** for the first six months of 2020, up from **$9.0 million** in the same period of 2019, reflecting increased R&D and G&A activities[162](index=162&type=chunk)[163](index=163&type=chunk)[164](index=164&type=chunk) - Major cash inflows in the first half of 2020 included **$41.9 million** in cash acquired from the merger, **$75.5 million** in net proceeds from the private placement, and **$18.0 million** in capital contributions from Holdings[165](index=165&type=chunk)[166](index=166&type=chunk) - Management believes that based on the current operating plan, its cash position as of the filing date will be **sufficient to fund operations** for at least the **next twelve months**[167](index=167&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company has determined that quantitative and qualitative disclosures about market risk are not applicable for this reporting period - The company has determined that quantitative and qualitative disclosures about market risk are **not applicable** for this reporting period[173](index=173&type=chunk) [Item 4. Management's Evaluation of our Disclosure Controls and Procedures](index=32&type=section&id=Item%204.%20Management%27s%20Evaluation%20of%20our%20Disclosure%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2020, due to material weaknesses in internal control over financial reporting, with a remediation plan underway - As of June 30, 2020, the company's disclosure controls and procedures were concluded to be **not effective** at a reasonable assurance level due to **material weaknesses** in internal control over financial reporting[176](index=176&type=chunk) - Identified material weaknesses include: - An **ineffective control environment** due to a lack of sufficient personnel with appropriate accounting knowledge and **inadequate segregation of duties** - **Inadequate design and maintenance of controls** over the preparation and review of account reconciliations and journal entries[179](index=179&type=chunk)[183](index=183&type=chunk) - The company is implementing a **remediation plan**, which includes **hiring a new CFO and Vice President, Controller**, and retaining consultants to supplement the accounting and finance department[180](index=180&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is not aware of any threatened or pending legal actions expected to have a material adverse effect on its business or financial condition - There are **no threatened or pending legal actions** that are expected to have a **material adverse effect** on the company[184](index=184&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Current Report on Form 8-K - **No material changes** have occurred to the **risk factors** disclosed in the company's prior Form 8-K filing[185](index=185&type=chunk) [Item 5. Other Information](index=34&type=section&id=Item%205.%20Other%20Information) On August 14, 2020, the company established an "at-the-market" (ATM) offering program to sell up to $50.0 million of common stock - The company entered into an **Equity Distribution Agreement** to establish an **"at-the-market" (ATM) offering program**[190](index=190&type=chunk) - Under the ATM program, the company may sell up to **$50.0 million** of its common stock through Piper Sandler & Co. as the sales agent[190](index=190&type=chunk) [Item 6. Exhibits](index=36&type=section&id=Item%206.%20Exhibits) This section provides an index of exhibits filed with the Quarterly Report on Form 10-Q, including corporate and contractual documents - A list of **all exhibits** filed with the **Form 10-Q** is provided, referencing documents such as corporate amendments, securities agreements, and material contracts[195](index=195&type=chunk)[196](index=196&type=chunk)

Corporate Presentation August 2020 (8.11.20 update) Forward Looking Statements This presentation contains forward-looking statements that are based on the Company's beliefs and assumptions and on information currently available to management. All statements contained in this presentation other than statements of historical fact are forward-looking statements, including but not limited to statements regarding the potential benefits of the merger, the use of proceeds of the private placement, Company's abilit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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 001-36510 ZAFGEN, INC. (Exact name of registrant as specified in its charter) Delaware 20-3857670 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 001-36510 ZAFGEN, INC. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securiti ...

PART I [PART I – FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section details the company's condensed financial statements, management's analysis of financial condition, market risk, and internal control effectiveness [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company reported no revenue and a net loss, with decreased assets and cash, following a strategic shift to halt drug development and restructure operations [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents the company's financial position, including assets, liabilities, and equity, as of September 30, 2019, and December 31, 2018 Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $43,337 | $49,331 | | Marketable securities | $38,669 | $68,735 | | Total current assets | $83,443 | $121,330 | | Total assets | $92,887 | $121,762 | | **Liabilities & Stockholders' Equity** | | | | Total current liabilities | $16,339 | $13,306 | | Total liabilities | $33,007 | $28,491 | | Accumulated deficit | $(389,100) | $(350,945) | | Total stockholders' equity | $59,880 | $93,271 | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) This section details the company's financial performance, including revenue, expenses, and net loss, for the reported periods Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $0 | $0 | $0 | $0 | | Research and development | $5,260 | $11,830 | $23,463 | $36,472 | | General and administrative | $3,627 | $3,339 | $10,891 | $9,959 | | Restructuring charges | $4,019 | $0 | $4,019 | $0 | | **Loss from operations** | **$(12,906)** | **$(15,169)** | **$(38,373)** | **$(46,431)** | | **Net loss** | **$(12,914)** | **$(15,067)** | **$(38,155)** | **$(46,798)** | | Net loss per share | $(0.35) | $(0.41) | $(1.02) | $(1.53) | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%20Equity) This section outlines changes in the company's stockholders' equity, reflecting net loss and other equity adjustments - Total stockholders' equity decreased from **$93.3 million** at the end of 2018 to **$59.9 million** as of September 30, 2019, primarily due to the **net loss of $38.2 million** for the nine-month period, partially offset by stock-based compensation expense[17](index=17&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section presents the company's cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net cash used in operating activities | $(30,977) | $(39,653) | | Net cash provided by (used in) investing activities | $29,823 | $(21,134) | | Net cash (used in) provided by financing activities | $(3,501) | $65,151 | | **Net (decrease) increase in cash** | **$(4,655)** | **$4,364** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides additional information and explanations for the figures presented in the condensed financial statements - Following a full clinical hold on its lead candidate ZGN-1061 by the FDA and preliminary results from an in vivo study, the company halted all development of MetAP2 inhibitors in September 2019 and is now evaluating strategic alternatives, including a potential merger or acquisition[26](index=26&type=chunk) - In September 2019, the Board approved a restructuring plan which, combined with earlier actions, resulted in a **70% workforce reduction** and the closure of its San Diego facility, with aggregate restructuring charges of approximately **$4.0 million** recorded in Q3 2019[26](index=26&type=chunk)[81](index=81&type=chunk)[82](index=82&type=chunk) - The company has a term loan with an outstanding principal balance of **$16.4 million** as of September 30, 2019, requiring a minimum liquidity of approximately **$17.2 million** at that date[30](index=30&type=chunk)[55](index=55&type=chunk) - On September 17, 2019, the company received a deficiency letter from Nasdaq for its common stock bid price closing below the **$1.00 minimum** for 30 consecutive business days, with a compliance deadline of March 16, 2020[32](index=32&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the strategic shift, significant restructuring, and financial impact, including reduced R&D expenses and sufficient liquidity for the next year [Overview](index=20&type=section&id=Overview) This section provides a high-level summary of the company's strategic shift, including the halt of drug development and subsequent restructuring efforts - The company's prior lead product candidate, ZGN-1061, was placed on a full clinical hold by the FDA in November 2018 due to potential cardiovascular safety risks[90](index=90&type=chunk) - On September 5, 2019, after preliminary study results, the company announced a low probability of resolving the clinical hold, halted all MetAP2 inhibitor development, and began evaluating strategic alternatives such as a merger, acquisition, or business combination[90](index=90&type=chunk) - A restructuring plan was approved in September 2019, which, combined with prior actions, resulted in a **70% reduction in workforce** and is expected to generate annual personnel cost savings of approximately **$5.6 million**[90](index=90&type=chunk) [Results of Operations](index=23&type=section&id=Results%20of%20Operations) This section analyzes the company's financial performance, focusing on changes in key expense categories and net loss Comparison of Operating Results (in thousands) | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Research and development | $5,260 | $11,830 | $23,463 | $36,472 | | General and administrative | $3,627 | $3,339 | $10,891 | $9,959 | | Restructuring charges | $4,019 | $0 | $4,019 | $0 | | **Loss from operations** | **$(12,906)** | **$(15,169)** | **$(38,373)** | **$(46,431)** | | **Net loss** | **$(12,914)** | **$(15,067)** | **$(38,155)** | **$(46,798)** | - R&D expenses decreased by **$6.6 million** in Q3 2019 compared to Q3 2018, primarily due to lower costs for the MetAP2 inhibitor program after development was halted and a decrease in personnel and stock-based compensation costs from restructuring[107](index=107&type=chunk)[108](index=108&type=chunk) - The company incurred **$4.0 million** in restructuring charges in Q3 2019, consisting of **$2.5 million** for employee severance and benefits and **$1.4 million** for contract termination costs[110](index=110&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk) [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) This section discusses the company's cash position, debt obligations, and ability to fund future operations - As of September 30, 2019, the company had **$82.0 million** in cash, cash equivalents, and marketable securities[124](index=124&type=chunk) - The company has an outstanding term loan with a principal balance of **$16.4 million**, which requires maintaining a minimum cash balance of **$17.4 million** as of September 30, 2019[124](index=124&type=chunk)[128](index=128&type=chunk) - Net cash used in operating activities for the first nine months of 2019 was **$31.0 million**, a decrease from **$39.7 million** in the same period of 2018, primarily due to lower R&D spending[133](index=133&type=chunk)[134](index=134&type=chunk)[135](index=135&type=chunk) - Management believes existing cash will be sufficient to fund operations for at least one year from the report's issuance date[140](index=140&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risks primarily involve interest rate fluctuations on cash and marketable securities and foreign currency exchange risk, without the use of hedging instruments - The company's main market risk exposure is to interest rate sensitivity on its cash and marketable securities, where a hypothetical **50 basis point increase** in interest rates would result in a **$0.1 million** decline in the fair value of these instruments[153](index=153&type=chunk) - The company has foreign currency exchange risk, primarily from transactions denominated in Australian dollars, where a **10% unfavorable movement** in exchange rates would have increased the net loss by an estimated **$0.2 million** for the nine months ended September 30, 2019[154](index=154&type=chunk)[155](index=155&type=chunk) [Management's Evaluation of our Disclosure Controls and Procedures](index=31&type=section&id=Item%204.%20Management%27s%20Evaluation%20of%20our%20Disclosure%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2019, with no material changes to internal control over financial reporting during the quarter - The company's management, including the principal executive officer and principal financial officer, concluded that disclosure controls and procedures were effective as of September 30, 2019[157](index=157&type=chunk) - There were no changes in internal control over financial reporting during the third quarter of 2019 that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[158](index=158&type=chunk) PART II [PART II – OTHER INFORMATION](index=32&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This section covers legal proceedings, comprehensive risk factors, and a list of exhibits filed with the report [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material litigation or other material legal proceedings - As of the filing date, the company is not a party to any material legal proceedings[160](index=160&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including strategic uncertainty, operational challenges, potential Nasdaq delisting, financial instability, and issues related to product development and intellectual property [General Company-Related Risks](index=32&type=section&id=General%20Company-Related%20Risks) This section outlines risks related to the company's strategic direction, operational stability, and ability to retain key personnel - The company is reviewing strategic alternatives, but there is no assurance that any transaction will be completed or that it will provide additional value to stockholders, and the process itself could disrupt business operations[162](index=162&type=chunk) - A 2019 workforce reduction of approximately **70%** creates a significant risk to retaining the employees required to explore and consummate a strategic transaction[163](index=163&type=chunk) [Risks Related to Our Common Stock](index=36&type=section&id=Risks%20Related%20to%20Our%20Common%20Stock) This section details risks associated with the company's common stock, including Nasdaq listing compliance and ownership concentration - The company is not in compliance with the Nasdaq Global Market's minimum bid price requirement of **$1.00 per share** and could be delisted if compliance is not regained by March 16, 2020[186](index=186&type=chunk)[187](index=187&type=chunk) - As of October 31, 2019, executive officers, directors, and principal stockholders beneficially owned approximately **50.3%** of the common stock, giving them significant influence over company matters[191](index=191&type=chunk) [Risks Related to Product Development, Regulatory Approval and Commercialization](index=39&type=section&id=Risks%20Related%20to%20Product%20Development%2C%20Regulatory%20Approval%20and%20Commercialization) This section addresses risks inherent in the company's drug development process, regulatory hurdles, and commercialization challenges - The company has a history of significant setbacks in later-stage clinical trials for its former lead product candidates, beloranib and ZGN-1061, after positive early results, and may face similar setbacks with any future candidates[206](index=206&type=chunk) - The company has no manufacturing facility and is dependent on third-party contract manufacturing organizations (CMOs), which entails risks related to regulatory compliance, quality assurance, and supply chain disruptions[219](index=219&type=chunk)[220](index=220&type=chunk)[221](index=221&type=chunk) [Risks Related to Our Financial Position and Need for Capital](index=48&type=section&id=Risks%20Related%20to%20Our%20Financial%20Position%20and%20Need%20for%20Capital) This section highlights financial risks, including a history of losses, lack of revenue, and the ongoing need for additional capital - The company has a history of significant operating losses, with an accumulated deficit of **$389.1 million** as of September 30, 2019, and has never generated revenue from product sales[246](index=246&type=chunk)[248](index=248&type=chunk) - The company will need to raise additional funding to support future operations, which may not be available on acceptable terms, or at all, and failure to obtain capital may force a delay or termination of development efforts[251](index=251&type=chunk) - The company's term loan contains restrictive covenants and events of default, including a material adverse event clause, which could lead to acceleration of the debt if triggered[253](index=253&type=chunk)[254](index=254&type=chunk) [Risks Related to Our Intellectual Property Rights](index=51&type=section&id=Risks%20Related%20to%20Our%20Intellectual%20Property%20Rights) This section discusses risks concerning the company's ability to protect its intellectual property and potential infringement claims - The company's success depends on its ability to obtain and maintain patent protection, but patents may be challenged, invalidated, or circumvented by competitors[259](index=259&type=chunk)[261](index=261&type=chunk) - The company may face infringement claims from third parties, which could result in costly litigation, substantial damages, and could force a halt to the development or commercialization of future product candidates[267](index=267&type=chunk)[268](index=268&type=chunk) [Exhibits](index=56&type=section&id=Item%206.%20Exhibits) This section provides an index of exhibits filed with the Quarterly Report, including corporate documents and Sarbanes-Oxley Act certifications - The Exhibit Index lists documents filed with the report, including certifications by the Principal Executive Officer and Principal Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002[290](index=290&type=chunk)[291](index=291&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 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 001-36510 ZAFGEN, INC. (Exact name of registrant as specified in its charter) Delaware 20-3857670 (State or other jurisdiction of i ...