1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
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1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Capital Structure
3. Valuation
Discussion
Symbol
SPTX
Event Date
2026-05-01
Sector
Health Care
Subsector
Pharmaceuticals
Offer Range
—
Shares Offered
11.8M
Shares Outstanding Pre-IPO
116.52M
164.59M
—
Implied Upside vs Midpoint
$00.00Description
—
Post-IPO economic shares by class.
| Class | Shares | % Economic |
|---|---|---|
Common Stock (listed) 1 vote per share (common) | 50.67M | 30.8% |
Series A-1 Convertible Preferred Stock | 40M | 24.3% |
Series A-2 Convertible Preferred Stock | 26.34M | 16.0% |
Series B Convertible Preferred Stock | 47.58M | 28.9% |
| Total economic shares | 164.59M | 100% |