OnKure Therapeutics, Inc.
19.99%
9,091,532
1637715
Mar 30, 2026
Apr 7, 2026, 09:14 PM
Reporting Persons (4)
This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| AI Biotechnology LLC | Other | 19.99% | 9,091,532 | 0 | 9,091,532 |
| Access Industries Holdings LLC | Other | 19.99% | 9,091,532 | 0 | 9,091,532 |
| Access Industries Management, LLC | Other | 19.99% | 9,091,532 | 0 | 9,091,532 |
| Len Blavatnik | Individual | 19.99% | 9,091,532 | 0 | 9,091,532 |
Disclosure Items (7)
Class A Common Stock, par value $0.0001 per share
OnKure Therapeutics, Inc.
6707 Winchester Circle, Boulder, CO, 80301
This Schedule 13D is being filed by AI Biotechnology LLC ("AIB"), Access Industries Holdings LLC ("AIH"), Access Industries Management, LLC ("AIM") and Len Blavatnik (collectively, the "Reporting Persons", and each, a "Reporting Person"), in respect of the Class A Common Stock ("Class A Common Stock") of OnKure Therapeutics, Inc. (the "Issuer").
The principal business address for each of the Reporting Persons is c/o Access Industries, Inc., 40 West 57th Street, 28th Floor, New York, NY 10019.
The principal business of each of AIB and AIH is holding strategic investments in a variety of industries worldwide. AIM is the manager of holdings of strategic investments in a variety of industries worldwide. Mr. Blavatnik is the founder of Access Industries, Inc., the principal business of which is holding strategic investments in a variety of industries worldwide.
None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
The jurisdiction of organization for each of AIB, AIH and AIM is the State of Delaware. Mr. Blavatnik is a citizen of the United States of America.
On March 31, 2026, AIB purchased from the Issuer (i) 3,998,332 shares of the Issuer's Class A Common Stock at a purchase price of $4.15 per share and (ii) 5,640,222 pre-funded warrants to purchase shares of Class A Common Stock, each whole pre-funded warrant entitling AIB to purchase one share of Class A Common Stock at an exercise price of $0.0001 per share (the "Pre-Funded Warrants"), at a purchase price of $4.1499 per pre-funded warrant, pursuant to a Securities Purchase Agreement by and among the Issuer and the investors party thereto dated as of March 27, 2026 (the "Securities Purchase Agreement"). AIB funded this purchase using capital contributed from affiliated entities, which funded that capital using cash on hand. Pursuant to the Securities Purchase Agreement, AIB was granted a board designation right, and Dr. Liam Ratcliffe was appointed to the Issuer's board of directors in connection therewith, subject to AIB continuing to own at least 50% of the Securities purchased by AIB at the closing of the private placement. In connection with the purchase and sale of shares of Class A Common Stock and Pre-Funded Warrants, the Issuer and the parties to the Securities Purchase Agreement entered into a registration rights agreement, dated as of March 27, 2026 (the "Registration Rights Agreement"), providing for the registration for resale of the shares of Class A Common Stock and the shares of Class A Common Stock issuable upon exercise of the Pre-Funded Warrants, pursuant to a registration statement to be filed with the SEC within 30 days after the closing. The Issuer agreed to use reasonable best efforts to have such registration statement declared effective at the earliest possible date but no later than the earlier of (i) the 90th calendar day after the date of the Registration Rights Agreement, (ii) the 120th calendar day following the initial filing date of such registration statement if the SEC notifies the Issuer that it will "review" such registration statement and (iii) the 5th business day after the date the Issuer is notified (orally or in writing, whichever is earlier) by the SEC that such registration statement will not be "reviewed" or will not be subject to further review. The Issuer also agreed to keep such registration statement continuously effective until the earlier of (i) the date that all shares covered by such registration statement have been sold or (ii) the date on which such shares may be resold without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for the Issuer to be in compliance with the current public information requirement under Rule 144 under the Securities Act of 1933, as amended, or any other rule of similar effect. Each Pre-Funded Warrant is exercisable immediately at an exercise price of $0.0001 per share of Class A Common Stock and will not expire until exercised in full. AIB may not exercise a Pre-Funded Warrant if AIB, together with its attribution parties, would beneficially own more than 9.99% of the number of shares of Class A Common Stock outstanding immediately after giving effect to such exercise, as calculated under Rule 13d-3 of the Securities Exchange Act of 1934, as amended. AIB may increase or decrease such percentage, not in excess of 19.99%, by providing at least 61 days' prior notice to the Issuer. The Pre-Funded Warrants are subject to the Beneficial Ownership Blocker described in Item 5 herein. The foregoing descriptions of the Securities Purchase Agreement, the Registration Rights Agreement and the Pre-Funded Warrants do not purport to be complete and are qualified in their entirety by reference to the Securities Purchase Agreement, the Registration Rights Agreement and the form of Pre-Funded Warrant, each of which is incorporated herein by reference to the Current Report on Form 8-K filed by the Issuer with the SEC on March 30, 2026 and identified as Exhibits 99.1, 99.2 and 99.3 hereto.
The responses of each of the Reporting Persons with respect to Rows 11, 12, and 13 of the cover pages of this Schedule 13D that relate to the aggregate number and percentage of Class A Common Stock (including but not limited to footnotes to such information) are incorporated herein by reference. The Pre-Funded Warrants may not be exercised if the aggregate number of shares of Class A Common Stock beneficially owned by the holder thereof immediately following such exercise would exceed 9.99% of the Class A Common Stock outstanding, as calculated under Rule 13d-3 of the Securities Exchange Act of 1934, as amended; provided, however, that AIB may increase or decrease the foregoing beneficial ownership limitation by giving notice to the Issuer (such notice not to be effective until the sixty-first day after the notice is delivered to the Issuer), but not to exceed any percentage in excess of 19.99% (such limitations, the "Beneficial Ownership Blocker"). As of the date of this filing, and pursuant to the Beneficial Ownership Blocker, 40,383 shares of Class A Common Stock are issuable at any time or times upon the partial exercise of the Pre-Funded Warrants and 5,093,200 shares of Class A Common Stock are issuable upon the partial exercise of the Pre-Funded Warrants, if AIB delivered notice to the Issuer to increase the beneficial ownership limitation to 19.99% (such notice not to be effective until the sixty-first day after the date such notice is delivered to the Issuer).
The responses of each of the Reporting Persons with respect to Rows 7, 8, 9, and 10 of the cover pages of this Schedule 13D that relate to the number of shares of Class A Common Stock as to which each of the Reporting Persons has sole or shared power to vote or to direct the vote of and sole or shared power to dispose of or to direct the disposition of (including but not limited to footnotes to such information) are incorporated herein by reference. 3,998,332 shares of Class A Common Stock and Pre-Funded Warrants exercisable into 5,640,222 shares of Class A Common Stock, of which 5,093,200 may be deemed to be beneficially owned as of the date of this filing pursuant to the Beneficial Ownership Blocker, are held directly by AIB and may be deemed to be beneficially owned by AIM, AIH and Mr. Blavatnik because (i) Mr. Blavatnik controls AIM and AIH, (ii) AIM controls AIH, and (iii) AIH owns all of the voting units of AIB. Each of AIH, AIM and Mr. Blavatnik, and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities.
The information set forth in Item 3 hereof is incorporated herein by reference.
Not applicable.
Not applicable.
The information set forth in Item 3 hereof is incorporated herein by reference. A Joint Filing Agreement, dated as of April 7, 2026, by and among the Reporting Persons has been executed by the Reporting Persons, a copy of which is attached hereto as Exhibit 99.4 and is incorporated herein by reference.
99.1 Form of Securities Purchase Agreement, dated as of March 27, 2026, by and among OnKure Therapeutics, Inc. and the other parties signatories thereto (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Issuer with the SEC on March 30, 2026). 99.2 Form of Registration Rights Agreement, dated as of March 27, 2026, by and among OnKure Therapeutics, Inc. and the other parties signatories thereto (incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed by the Issuer with the SEC on March 30, 2026). 99.3 Form of Pre-Funded Warrant, by and between OnKure Therapeutics, Inc. and AI Biotechnology LLC (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by the Issuer with the SEC on March 30, 2026). 99.4 Joint Filing Agreement, dated as of April 7, 2026. 99.5 Limited Power of Attorney, dated as of April 7, 2026.