PALI on Nasdaq
PALISADE BIO, INC.
American biological products company based in Carlsbad, listed on Nasdaq (PALI).
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Last updated Oct 18, 2026.
Overview
Compare with CytRx, Artiva Biotherapeutics, Inc. or Inhibikase Therapeutics, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Research and development | $10.2M | $9.1M |
| General and administrative | $7.9M | $5.8M |
| Total operating expenses | $18.1M | $14.9M |
| Loss from operations | -$18.1M | -$14.9M |
| Interest expense | -$10.0K | -$12.0K |
| Other income, net | $1.3M | $433.0K |
| Total other income, net | $1.3M | $421.0K |
| Net loss | -$16.8M | -$14.4M |
| Basic weighted average shares used in computing net loss per common share | 55.7M shares | 1.4M shares |
| Diluted weighted average shares used in computing net loss per common share | 55.7M shares | 1.4M shares |
| Basic net loss per common share | -$0.30 | -$10.19 |
| Diluted net loss per common share | -$0.30 | -$10.19 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $133.4M | $9.8M | ||
| Prepaid expenses and other current assets | $836.0K | $673.0K | ||
| Total current assets | $134.2M | $10.5M | ||
| Restricted cash | $55.0K | $26.0K | ||
| Property and equipment, net | $0 | $3.0K | ||
| Operating lease right-of-use asset | $0 | $84.0K | ||
| Other noncurrent assets | $68.0K | $273.0K | ||
| Total assets | $134.3M | $10.9M | ||
| Accounts payable | $767.0K | $1.1M | ||
| Accrued liabilities | $2.2M | $1.2M | ||
| Accrued compensation and benefits | $1.3M | $722.0K | ||
| Current portion of operating lease liability | $0 | $90.0K | ||
| Share liability | $313.0K | $0 | ||
| Insurance financing debt | $71.0K | $79.0K | ||
| Total current liabilities | $4.6M | $3.2M | ||
| Warrant liability | $0 | $2.0K | ||
| Derivative liability | $62.0K | $0 | ||
| Contingent consideration obligation | $266.0K | $150.0K | ||
| Total liabilities | $5.0M | $3.4M | ||
| Common stock, $0.01 par value; 300,000,000 and 280,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; 159,444,017 and 2,768,646 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $1.6M | $27.0K | ||
| Additional paid-in capital | $280.5M | $143.4M | ||
| Accumulated deficit | -$152.7M | -$135.9M | ||
| Total stockholders' equity | $129.4M | $7.5M | $11.3M | |
| Total liabilities and stockholders' equity | $134.3M | $10.9M | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | $0.01 | |
| Common Stock, Shares Authorized (in shares) | 300.0M shares | 300.0M shares | 280.0M shares | |
| Common stock, shares issued (in shares) | 159.4M shares | 2.8M shares | ||
| Common stock, shares outstanding (in shares) | 159.4M shares | 2.8M shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $133.4M | $9.8M | ||
| Prepaid expenses and other current assets | $836.0K | $673.0K | ||
| Total current assets | $134.2M | $10.5M | ||
| Restricted cash | $55.0K | $26.0K | ||
| Property and equipment, net | $0 | $3.0K | ||
| Operating lease right-of-use asset | $0 | $84.0K | ||
| Other noncurrent assets | $68.0K | $273.0K | ||
| Total assets | $134.3M | $10.9M | ||
| Accounts payable | $767.0K | $1.1M | ||
| Accrued liabilities | $2.2M | $1.2M | ||
| Accrued compensation and benefits | $1.3M | $722.0K | ||
| Current portion of operating lease liability | $0 | $90.0K | ||
| Share liability | $313.0K | $0 | ||
| Insurance financing debt | $71.0K | $79.0K | ||
| Total current liabilities | $4.6M | $3.2M | ||
| Warrant liability | $0 | $2.0K | ||
| Derivative liability | $62.0K | $0 | ||
| Contingent consideration obligation | $266.0K | $150.0K | ||
| Total liabilities | $5.0M | $3.4M | ||
| Common stock, $0.01 par value; 300,000,000 and 280,000,000 shares authorized at December 31, 2025 and December 31, 2024, respectively; 159,444,017 and 2,768,646 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $1.6M | $27.0K | ||
| Additional paid-in capital | $280.5M | $143.4M | ||
| Accumulated deficit | -$152.7M | -$135.9M | ||
| Total stockholders' equity | $129.4M | $7.5M | $11.3M | |
| Total liabilities and stockholders' equity | $134.3M | $10.9M | ||
| Common Stock, Par or Stated Value Per Share (in dollars per share) | $0.01 | $0.01 | $0.01 | |
| Common Stock, Shares Authorized (in shares) | 300.0M shares | 300.0M shares | 280.0M shares | |
| Common stock, shares issued (in shares) | 159.4M shares | 2.8M shares | ||
| Common stock, shares outstanding (in shares) | 159.4M shares | 2.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$16.8M | -$14.4M |
| Depreciation | $3.0K | $3.0K |
| Non-cash operating lease expense | $84.0K | $114.0K |
| Non-cash expense for the issuance of common stock (Note 5) | $125.0K | $0 |
| Recurring fair value measurements of liabilities | $349.0K | -$54.0K |
| Payment of contingent consideration obligation | -$235.0K | $0 |
| Issuance of common stock to vendors | $0 | $135.0K |
| Write-off of deferred equity issuance costs | $75.0K | $0 |
| Loss on disposal of property and equipment | $0 | $4.0K |
| Stock-based compensation and related charges | $4.0M | $652.0K |
| Other | -$61.0K | $0 |
| Prepaid and other current assets and other noncurrent assets | $529.0K | $750.0K |
| Accounts payable and accrued liabilities | $624.0K | $818.0K |
| Accrued compensation and benefits | $576.0K | -$56.0K |
| Operating lease liabilities | -$90.0K | -$121.0K |
| Net cash used in operating activities | -$10.8M | -$12.2M |
| Payments on insurance financing debt | -$320.0K | -$426.0K |
| Proceeds from issuance of common stock and warrants, net of underwriting discounts and commissions | $128.2M | $8.4M |
| Proceeds from the exercise of warrants | $7.6M | $2.5M |
| Payment of warrant inducement issuance costs | -$495.0K | -$343.0K |
| Payment of equity issuance costs | -$618.0K | -$576.0K |
| Proceeds from issuance of common stock under Employee Stock Purchase Plan | $19.0K | $11.0K |
| Shares withheld for payment of employee withholding tax liability | $0 | -$25.0K |
| Net cash provided by financing activities | $134.4M | $9.6M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $123.6M | -$2.6M |
| Interest paid | $10.0K | $14.0K |
| Equity issuance costs included in accounts payable and accrued liabilities | $46.0K | $0 |
| Warrant inducement costs included in accounts payable and accrued liabilities | $0 | $176.0K |
| Proceeds from the issuance of common stock included in other current receivables (Note 5) | $250.0K | $0 |
| Fair value of common shares to be issued included in share liability (Note 5) | $250.0K | $0 |
| Fair value of warrants issued to solicitation agent in warrant inducements (Note 5) | $233.0K | $94.0K |
| Fair value of warrants issued to placement agents (Note 5) | $10.9M | $527.0K |
| Deferred equity issuance costs recognized as a reduction in additional paid-in capital from financing activities | $0 | $37.0K |
| Insurance financing debt included in prepaid and other current assets and other noncurrent assets | $312.0K | $347.0K |
| Incremental fair value of modified or exchanged warrants (Note 5) | $8.6M | $2.2M |
No quarter-by-quarter statement was filed.
Leadership
Who has led PALISADE BIO, INC., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
- Chief executive officerMitchell Lawrence Jones May 8, 2024 to May 8, 202411
- Chief executive officerThomas Hallam Apr 29, 2021 to Aug 18, 202212
- Chief executive officerRichard Garr Jan 29, 2007 to Jan 28, 201613
- ChairKenneth C. Carter Oct 11, 2019 to Oct 11, 201914
- ChairKarl Johe Jan 29, 2007 to Mar 11, 200815
- PresidentRichard Garr Jan 29, 2007 to Jul 7, 200813
- Chief financial officerMitchell Lawrence Jones May 8, 2024 to May 8, 202411
- Chief financial officerJones Jonathan Brian Lloyd May 21, 2015 to Mar 27, 201716
- Chief financial officerRichard Garr Jan 29, 2007 to Feb 13, 200713
- Chief financial officerJohn Conron Apr 26, 2007 to Feb 3, 201117
Board members and other officers (22)
- Chief Medical OfficerMitchell Lawrence Jones Sep 13, 2023 to now18
- Chief Medical OfficerMichael John Dawson Apr 29, 2021 to Mar 31, 202219
- Chief Scientific OfficerKarl Johe Sep 24, 2007 to Nov 20, 201520
- Board memberJordan Michael Zwick Jun 12, 2026 to now21
- Board memberRobert Baltera Jr. Jun 18, 2026 to now22
- Board memberEmil Chuang Jul 17, 2025 to now23
- Board memberMargery B. Fischbein May 16, 2024 to Jul 15, 202424
- Board memberJames R. Neal Apr 29, 2021 to Feb 13, 202425
- Board memberRobert J. Trenschel Apr 29, 2021 to Feb 13, 202426
- Board memberStephanie Diaz Apr 29, 2021 to Feb 13, 202427
- Board memberThomas Hallam Apr 29, 2021 to Aug 18, 202212
- Board memberDavid J. Mazzo Jun 27, 2019 to Apr 26, 202128
- Board memberBinxian Wei Jul 3, 2019 to now29
- Board memberMary Ann Gray Oct 11, 2019 to Nov 24, 202330
- Board memberCristina Csimma Oct 3, 2017 to Feb 13, 202431
- Board memberCatherine A. Sohn Jul 31, 2014 to Jul 6, 201532
- Board memberSandford D. Smith Jul 31, 2014 to Jul 3, 201933
- Board memberStanley Westreich Feb 25, 2011 to Jul 5, 201834
- Board memberRichard Garr Jan 29, 2007 to Jan 28, 201613
- Board memberScott Varde Ogilvie Sep 4, 2007 to Oct 11, 201935
- Board memberWilliam Clyde Oldaker Sep 5, 2007 to Jul 3, 201936
- Board memberKarl Johe Sep 24, 2007 to Nov 20, 201520
Former names
Timeline
Filings
403 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 121 insider forms, 42 large holders, 5 private raises, 154 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Jul 29, 2026SCHEDULE 13G EDGAR
- Jul 10, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 8, 20264 EDGAR
- Jul 7, 2026144 EDGAR
- Jul 7, 2026144 EDGAR
- Jul 6, 20264 EDGAR
- Jun 18, 20264 EDGAR
- Jun 18, 20263 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
The 403 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 42 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G/A
- Jul 29, 2026SCHEDULE 13G
- May 27, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G/A
- Feb 17, 2026SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- May 6, 2024Raised $4 million in a private offering of equity Form D: 1 investor so far Form D
- Feb 1, 2024Raised $2.5 million in a private offering of securities Form D: 15 investors so far Form D
- Apr 5, 2023Raised $4 million in a private offering of equity Form D: 9 investors so far Form D
- Jan 4, 2023Raised $2.5 million in a private offering of securities Form D: 6 investors so far Form D
- May 10, 2022Raised $2.4 million in a private offering of securities Form D: 5 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Soleus Capital Management, L.P. | 13,063,687 | $27.3M | 0.9% | New |
| B Group, Inc. | 11,414,285 | $23.9M | 13.5% | No change |
| Ameriprise Financial Inc | 11,081,434 | $23.2M | 0.0% | −428,886 |
| Jupiter Topco LLC | 10,689,452 | $22.4M | 0.0% | New |
| BlackRock, Inc. | 10,436,760 | $21.8M | 0.0% | +8,560,420 |
| Octagon Capital Advisors LP | 10,276,317 | $21.5M | 2.0% | No change |
| Perceptive Advisors LLC | 8,425,065 | $17.6M | 0.3% | −503,084 |
| Ra Capital Management, L.P. | 7,124,116 | $14.9M | 0.1% | No change |
| Franklin Resources Inc | 5,785,189 | $12.1M | 0.0% | No change |
| Point72 Asset Management, L.P. | 5,253,403 | $11.0M | 0.0% | +4,841,631 |
| Boxer Capital Management, LLC | 4,799,875 | $10.0M | 0.8% | No change |
| Adage Capital Partners Gp, L.l.c. | 4,500,000 | $9.4M | 0.0% | No change |
| Eversept Partners, LP | 4,182,785 | $8.7M | 0.5% | −804,714 |
| Geode Capital Management, LLC | 3,760,485 | $7.9M | 0.0% | +2,214,245 |
| Wellington Management Group Llp | 3,703,936 | $7.7M | 0.0% | +799,025 |
| Goldman Sachs Group Inc | 3,578,020 | $7.5M | 0.0% | −1,795,931 |
| Federated Hermes, Inc. | 3,136,607 | $6.6M | 0.0% | No change |
| Squadron Capital Management LLC | 3,000,000 | $6.3M | 2.1% | No change |
| Propel Bio Management, LLC | 2,582,388 | $5.4M | 2.8% | +1,467,388 |
| Vestal Point Capital, LP | 2,500,000 | $5.2M | 0.1% | No change |
| State Street Corp | 2,475,648 | $5.2M | 0.0% | +1,839,451 |
| Morgan Stanley | 2,474,069 | $5.2M | 0.0% | −2,077,464 |
| Orbimed Advisors LLC | 2,333,000 | $4.9M | 0.1% | No change |
| Great Point Partners LLC | 2,284,819 | $4.8M | 1.1% | −1,120,938 |
| Sphera Funds Management Ltd. | 2,257,106 | $4.7M | 0.7% | +523,635 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARKenneth C. Carter, Chair
- 15SEC EDGARKarl Johe, Chair
- 16
- 17SEC EDGARJohn Conron, Chief financial officer
- 18
- 19
- 20SEC EDGARKarl Johe, Chief Scientific Officer
- 21SEC EDGARJordan Michael Zwick, Board member
- 22SEC EDGARRobert Baltera Jr., Board member
- 23SEC EDGAREmil Chuang, Board member
- 24SEC EDGARMargery B. Fischbein, Board member
- 25SEC EDGARJames R. Neal, Board member
- 26SEC EDGARRobert J. Trenschel, Board member
- 27SEC EDGARStephanie Diaz, Board member
- 28SEC EDGARDavid J. Mazzo, Board member
- 29SEC EDGARBinxian Wei, Board member
- 30SEC EDGARMary Ann Gray, Board member
- 31SEC EDGARCristina Csimma, Board member
- 32SEC EDGARCatherine A. Sohn, Board member
- 33SEC EDGARSandford D. Smith, Board member
- 34SEC EDGARStanley Westreich, Board member
- 35SEC EDGARScott Varde Ogilvie, Board member
- 36SEC EDGARWilliam Clyde Oldaker, Board member