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Spruce Biosciences, Inc.

corporate_fare Company Profile

Spruce Biosciences, Inc.

SPRB·NASDAQ·Life Sciences·CIK 0001683553

The company is a biopharmaceutical company that develops and sells new treatments for neurological disorders where current medical options are insufficient. Founded in April 2016, the company's management team has experience in developing and commercializing innovative therapies. The company's strategy includes seeking regulatory approval and maximizing the U.S. commercial potential of TA-ERT for treating Mucopolysaccharidosis Type IIIB (MPS IIIB). They plan to seek U.S. accelerated approval for tralesinidase alfa enzyme replacement therapy ("TA-ERT") for MPS IIIB using existing non-clinical and clinical data. As a condition for a biologics license application ("BLA") from the U.S. Food and Drug Administration ("FDA"), a confirmatory trial will be initiated. If the BLA is approved, the company intends to build a specialized commercial and medical affairs organization to support TA-ERT's commercialization. TA-ERT has received Rare Pediatric Disease Designation, Fast Track Designation, Breakthrough Therapy Designation, and Orphan Drug Designation in the United States and European Union ("EU"). The company aims to commercialize TA-ERT and its other investigational products globally, including North America, the EU, the United Kingdom, Latin America, Turkey, Asia, and other international markets. They plan to establish their own commercial organization in the United States, EU, and the United Kingdom, and seek regional strategic collaborations and third-party distributors in other international markets. The company focuses on serious diseases with significant unmet medical need and clear, well-understood biology.

Spruce Biosciences, Inc. (NASDAQ:SPRB) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 20 items for SPRB at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-24, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 16 rated 8 or above. Recent SEC coverage for SPRB spans 8-K, 10-Q, 424B5, DEF 14A.

Recent high-impact activity:

  • FDA Endorses Spruce's BLA Plan for TA-ERT; Submission on Track for Q4
  • Spruce Biosciences Q2 2026 Update: BLA Submission for TA-ERT Remains on Track for Q4 2026
  • Spruce Biosciences Targets Q4 BLA for MPS IIIB Drug, Secures $5.5M Patient Advocacy Investment
  • Spruce Biosciences Extends Cash Runway to Q2 2027 Following $69M Offering and Improved Q1 Financials
  • Spruce Biosciences Secures $107M Cash, Extends Runway to H2 2027, Mitigating Going Concern Doubts

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$0
Net Income
-$38.97M
Diluted EPS
-$50.83
Op. Cash Flow
-$33.33M
Operating Income
-$36.51M
Cash & Equivalents
$48.91M
Total Debt
$0
Debt / Equity
0.00×
Shares Outstanding
1.37M sh
Source: 10-K · filed 2026-03-09 · accession 0001193125-26-097558

Dilution Risk

Low risk

Filing-implied dilution signals for SPRB, detected from its recent SEC filings · based on capital-structure filings through 2026-04-21.

1 recent capital raise

Offering Finalized and Priced · Deep Discount to Market Price

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$53.05
52-week range · as of 2026-08-12 $7 – $240
Market cap
$152.47M
Volume
99.7K (1.1× avg)
3-mo avg 87.6K
Live data · 2026-09-21 04:13 UTC · Market overnight

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feed SPRB - Latest Insights

SPRB
Aug 24, 2026, 8:00 AM EDT
Source: BusinessWire
Importance Score:
8
Price at Filing: $51.58
Real-time Price: $53.05 info
Change: +$1.47 (+3%) info
Market Cap: $152.466M info
SPRB
Aug 12, 2026, 9:05 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $46.41
Real-time Price: $53.05 info
Change: +$6.64 (+14%) info
Market Cap: $152.466M info
SPRB
Aug 12, 2026, 9:00 AM EDT
Source: BusinessWire
Importance Score:
7
Price at Filing: $46.41
Real-time Price: $53.05 info
Change: +$6.64 (+14%) info
Market Cap: $152.466M info
SPRB
May 13, 2026, 4:06 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $57.55
Real-time Price: $53.05 info
Change: -$4.50 (-8%) info
Market Cap: $152.466M info
SPRB
May 13, 2026, 8:13 AM EDT
Source: Wiseek News
Importance Score:
9
Price at Filing: $56.67
Real-time Price: $53.05 info
Change: -$3.62 (-6%) info
Market Cap: $152.466M info
SPRB
May 13, 2026, 8:05 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $56.67
Real-time Price: $53.05 info
Change: -$3.62 (-6%) info
Market Cap: $152.466M info
SPRB
Apr 22, 2026, 6:03 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $54.00
Real-time Price: $53.05 info
Change: -$0.950 (-2%) info
Market Cap: $152.466M info
SPRB
Apr 21, 2026, 5:50 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $54.00
Real-time Price: $53.05 info
Change: -$0.950 (-2%) info
Market Cap: $152.466M info
SPRB
Apr 21, 2026, 5:23 PM EDT
Filing Type: 424B5
Importance Score:
9
Price at Filing: $54.00
Real-time Price: $53.05 info
Change: -$0.950 (-2%) info
Market Cap: $152.466M info
SPRB
Apr 20, 2026, 11:45 PM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $60.45
Real-time Price: $53.05 info
Change: -$7.40 (-12%) info
Market Cap: $152.466M info
SPRB
Apr 20, 2026, 4:02 PM EDT
Filing Type: 424B5
Importance Score:
7
Price at Filing: $65.01
Real-time Price: $53.05 info
Change: -$11.96 (-18%) info
Market Cap: $152.466M info
SPRB
Apr 09, 2026, 5:02 PM EDT
Filing Type: DEF 14A
Importance Score:
8
Price at Filing: $66.01
Real-time Price: $53.05 info
Change: -$12.96 (-20%) info
Market Cap: $152.466M info
SPRB
Mar 20, 2026, 5:04 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $58.40
Real-time Price: $53.05 info
Change: -$5.35 (-9%) info
Market Cap: $152.466M info
SPRB
Mar 09, 2026, 7:31 AM EDT
Filing Type: 424B5
Importance Score:
9
Price at Filing: $56.04
Real-time Price: $53.05 info
Change: -$2.99 (-5%) info
Market Cap: $152.466M info
SPRB
Mar 09, 2026, 7:23 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $56.04
Real-time Price: $53.05 info
Change: -$2.99 (-5%) info
Market Cap: $152.466M info
SPRB
Mar 09, 2026, 7:21 AM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $56.04
Real-time Price: $53.05 info
Change: -$2.99 (-5%) info
Market Cap: $152.466M info
SPRB
Mar 09, 2026, 7:05 AM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $58.00
Real-time Price: $53.05 info
Change: -$4.95 (-9%) info
Market Cap: $152.466M info
SPRB
Feb 18, 2026, 5:27 PM EST
Filing Type: SCHEDULE 13D/A
Importance Score:
7
Price at Filing: $53.76
Real-time Price: $53.05 info
Change: -$0.710 (-1%) info
Market Cap: $152.466M info
SPRB
Feb 05, 2026, 4:11 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $70.85
Real-time Price: $53.05 info
Change: -$17.80 (-25%) info
Market Cap: $152.466M info
SPRB
Jan 08, 2026, 8:05 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $78.10
Real-time Price: $53.05 info
Change: -$25.05 (-32%) info
Market Cap: $152.466M info
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