Microcap Ledger

Tickers · $VTGN

Vistagen Therapeutics, Inc. $VTGN

By Microcap Ledger desk · CIK 0001411685

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Pharmaceutical Preparations
Headquarters
South San Francisco, CA
Fiscal year end
March 31
Shares outstanding
44,376,911 [10-Q 2026-08-14]
as of 2026-08-10

Sources: [10-K 2026-06-15]

What the company doesAI summary of filing

Vistagen Therapeutics is a late clinical-stage biopharmaceutical company developing intranasal pherine product candidates for neuropsychiatric and other conditions. The company's pipeline includes five clinical-stage candidates: fasedienol for social anxiety disorder (currently in Phase 3), itruvone for major depressive disorder, refisolone for menopausal hot flashes, PH15 for psychomotor impairment due to mental fatigue, and PH284 for cancer cachexia. The company also has AV-101, an oral prodrug candidate for NMDAR-related neurological disorders. Vistagen is pre-revenue and generates income through upfront and milestone payments from licensing agreements, including a $5 million upfront payment from AffaMed and a $1.5 million payment from Fuji Pharma for exclusive negotiation rights. [10-K 2026-06-15]

Segments: Fasedienol (social anxiety disorder), Itruvone (major depressive disorder), Refisolone (vasomotor symptoms/menopause, premenstrual dysphoric disorder), PH15 (mental fatigue)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
3 months to Jun 2026$1.48M−$13.03M −$14.71M$16.99M[10-Q 2026-08-14]
FY ended Mar 2026$1.27M−$69.69M −$66.44M$30.79M[10-K 2026-06-15]
FY ended Mar 2025$486.0K−$51.42M −$42.10M$67.13M[10-K 2026-06-15]
Quarterly cash burn
−$14.71M
Cash runway Estimate
~3.5 months

Estimate: cash at the end of the period (3 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-0627,843,466[10-Q 2024-11-07]
2025-02-1128,862,085[10-Q 2025-02-13]
2025-06-1029,157,733[10-K 2025-06-17]
2025-08-0430,680,471[10-Q 2025-08-07]
2025-11-1239,495,451[10-Q 2025-11-13]
2026-02-1139,620,317[10-Q 2026-02-12]
2026-06-1241,032,453[10-K 2026-06-15]
2026-08-1044,376,911[10-Q 2026-08-14]
Shelf registration
S-3 filed 2024-02-13; declared effective 2024-02-29 [S-3 2024-02-13]

Listing status

Current status: 3 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-08-05. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-08-058-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-08-05]
2026-04-028-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-04-02]
2026-02-068-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-02-06]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-06-30Adler Reid G.grant36,818$0.19[4 2026-07-02]
2026-06-30Tressler Nick B.grant11,712$0.19[4 2026-07-02]
2026-06-30Singh Shawngrant36,818$0.19[4 2026-07-02]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.