Femasys Inc. filed an SEC registration statement for the potential resale of up to 28.1 million common shares. These securities relate to a $30 million private placement of stock and warrants completed in August 2026.

The company will receive no proceeds from the resale of these shares. Femasys would only receive cash if the associated warrants are exercised.

The filing includes a going-concern warning from the company’s auditor. This warning cites recurring losses, negative operating cash flows, and an accumulated deficit.

Auditors expressed substantial doubt regarding the company's ability to continue operations. The potential sale of these shares could create significant downward pressure on the stock price.