CNSP on Nasdaq

CNS Pharmaceuticals, Inc.

CNS Pharmaceuticals, Inc. is an American pharmaceutical preparations company based in Houston.2 Its shares trade on Nasdaq under the symbol CNSP.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCNSP on Nasdaq2
  • IndustryPharmaceutical Preparations2
  • HeadquartersHouston, United States2
  • Incorporated inNV3
  • Business address2100 West Loop South, Suite 900, Houston, Tx 770273
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI529900FDJ7WGF2Q7UN442
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o Corporation Service Company, 112 North Curry Street, 89703 Carson City, United States2
  • Registered withBusiness Center (Secretary of State), E0354342017-02

Chimeric antigen receptor T-cell (“CAR-T”) therapy has achieved durable remissions in subsets of hematologic malignancies.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5678910-$16.0M in 2025+317% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$3.8M-$3.8M20192020: -$9.5M-$9.5M2020+147%2021: -$14.5M-$14.5M2021+53%2022: -$15.3M-$15.3M2022+5%2023: -$18.9M-$18.9M2023+24%2024: -$14.9M-$14.9M2024−21%2025: -$16.0M-$16.0M2025+7%
Net income5678910-$15.9M in 2025+309% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$3.9M-$3.9M20192020: -$9.5M-$9.5M2020+144%2021: -$14.5M-$14.5M2021+53%2022: -$15.3M-$15.3M2022+5%2023: -$18.9M-$18.9M2023+23%2024: -$14.9M-$14.9M2024−21%2025: -$15.9M-$15.9M2025+7%

Every line of the income statement as filed: the last 2 fiscal years, latest first.10

Period ending2025-12-312024-12-31
General and administrative$6.2M$5.6M
Research and development$9.8M$9.3M
Total operating expenses$16.0M$14.9M
Loss from operations-$16.0M-$14.9M
Other expense-$2.6K$0
Interest income$153.8K$60.3K
Interest expense-$15.2K-$16.1K
Total other income (expense)$136.0K$44.1K
Net loss-$15.9M-$14.9M
Loss per share - basic-$35.75-$466.89
Loss per share - diluted-$35.75-$466.89
Weighted average shares outstanding - basic443.4K shares31.8K shares
Weighted average shares outstanding - diluted443.4K shares31.8K shares

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Corporate structure

CNS Pharmaceuticals, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CNS Pharmaceuticals, Inc.

  • Ikarian Capital, LLC Filed SCHEDULE 13G/A on CNS Pharmaceuticals, Inc., latest Aug 14, 2026 (2 filings since Apr 17, 2026)
  • Stonepine Capital Management, LLC Filed SCHEDULE 13G/A on CNS Pharmaceuticals, Inc., latest May 15, 2026 (3 filings since Nov 4, 2025)
  • ARMISTICE CAPITAL, LLC Filed SCHEDULE 13G/A on CNS Pharmaceuticals, Inc., latest Nov 14, 2025 (5 filings since Feb 14, 2023)
  • Cortice Biosciences, Inc. Filed SC 13D on CNS Pharmaceuticals, Inc., latest Aug 2, 2024
  • Robert Forster Filed SC 13G on CNS Pharmaceuticals, Inc., latest Jul 2, 2024 (2 filings since Jun 25, 2024)
  • Waldemar Priebe Filed SC 13G on CNS Pharmaceuticals, Inc., latest Aug 1, 2023
  • CNS Pharmaceuticals, Inc. Houston, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CNS Pharmaceuticals, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$17.7K10 Dec 31, 2025$6.0K10 Dec 31, 2024+194.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.2M10 Dec 31, 2025$6.5M10 Dec 31, 2024+11.4%

Properties, in its own words

Our corporate and executive offices are located in a leased facility in Houston, Texas. We believe our facilities are sufficient to meet our current needs and that suitable space will be available as and when needed. We do not own any real property.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led CNS Pharmaceuticals, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (11)

Timeline

  1. Oct 2, 20268-K Executive or director change; Shareholder vote25
  2. Jul 2, 20268-K Regulation FD disclosure26
  3. May 4, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change27
  4. Mar 11, 20268-K Regulation FD disclosure28
  5. Mar 2, 20268-K Executive or director change29
  6. Feb 17, 20268-K Executive or director change30
  7. Jan 2, 2026New chief executive Rami Levin becomes CEO13
  8. Dec 17, 20258-K Executive or director change31
  9. Nov 21, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote32
  10. Jul 22, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events33
  11. Jul 15, 20258-K Regulation FD disclosure34
  12. May 15, 20258-K Entered a material agreement35
  13. Apr 9, 20258-K Regulation FD disclosure36
  14. Nov 8, 2019New chief executive John M. Climaco becomes CEO14
  15. Jul 27, 2017Founded CNS Pharmaceuticals, Inc. is founded2

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202637

When it reported results

  1. May 16, 2024Reported quarterly or annual results38
  2. Apr 1, 2024Reported quarterly or annual results39
  3. Nov 15, 2023Reported quarterly or annual results40
  4. Aug 14, 2023Reported quarterly or annual results41
  5. May 15, 2023Reported quarterly or annual results42
  6. Aug 15, 2022Reported quarterly or annual results43
  7. May 16, 2022Reported quarterly or annual results44
  8. Mar 3, 2022Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

280 filings to the SEC since October 2021: 9 annual reports, 15 quarterly reports, 72 major events, 71 insider forms, 14 large holders, 1 private raises, 98 other. The latest 20:

  1. Oct 2, 20268-K EDGAR
  2. Aug 25, 2026DEFA14A EDGAR
  3. Aug 21, 2026DEF 14A DEFINITIVE NOTICE AND PROXY STATEMENT EDGAR
  4. Aug 18, 20264 EDGAR
  5. Aug 18, 20264 EDGAR
  6. Aug 18, 20263 EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 12, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  9. Jul 2, 20268-K EDGAR
  10. May 26, 2026EFFECT EDGAR
  11. May 26, 2026424B3 424B3 PROSPECTUS EDGAR
  12. May 22, 2026CORRESP EDGAR
  13. May 22, 2026UPLOAD EDGAR
  14. May 20, 20264 EDGAR
  15. May 19, 2026D EDGAR
  16. May 19, 2026S-3 FORM S-3 REGISTRATION STATEMENT EDGAR
  17. May 15, 2026SCHEDULE 13G/A EDGAR
  18. May 14, 202610-Q FORM 10-Q FOR MAR 2026 EDGAR
  19. May 4, 20268-K EDGAR
  20. Apr 30, 202610-K/A AMENDMENT #1 TO FORM 10-K EDGAR

The 280 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 14 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 18, 2026Fisher MichalDirectorBuy2,000$5.00$10.0KForm 4
May 18, 2026Charles Faith L.DirectorBuy7,100$4.79$34.0KForm 4
Feb 1, 2024Gumulka JerzyDirectorBuy33,333$0.30$10.0KForm 4
Feb 1, 2024Evans Carl AnthonyDirectorBuy33,333$0.30$10.0KForm 4
Feb 1, 2024Downs ChristopherChief Financial OfficerBuy66,666$0.30$20.0KForm 4
Feb 1, 2024Climaco John MChief Executive OfficerBuy166,666$0.30$50.0KForm 4
Aug 22, 2023Downs ChristopherChief Financial OfficerBuy27,000$1.27$34.3KForm 4
Aug 16, 2023Climaco John MChief Executive OfficerBuy2,750$1.80$5.0KForm 4
Apr 19, 2023Gumulka JerzyDirectorBuy2,500$1.70$4.2KForm 4
Apr 17, 2023Downs ChristopherChief Financial OfficerBuy3,100$3.20$9.9KForm 4
Apr 12, 2023Climaco John MChief Executive OfficerBuy15,000$0.69$10.3KForm 4
Apr 10, 2023Gumulka JerzyDirectorBuy7,173$0.74$5.3KForm 4
Mar 28, 2023Priebe Waldemar10% ownerSale10,000$1.04$10.4KForm 4
Mar 27, 2023Priebe Waldemar10% ownerSale5,000$1.09$5.5KForm 4
Mar 24, 2023Priebe Waldemar10% ownerSale5,000$1.08$5.4KForm 4
Mar 23, 2023Priebe Waldemar10% ownerSale10,000$1.08$10.8KForm 4
Mar 22, 2023Priebe Waldemar10% ownerSale5,000$1.08$5.4KForm 4
Mar 21, 2023Priebe Waldemar10% ownerSale5,000$1.10$5.5KForm 4
Mar 20, 2023Priebe Waldemar10% ownerSale5,000$1.08$5.4KForm 4
Mar 17, 2023Priebe Waldemar10% ownerSale5,000$1.13$5.7KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John ClimacoFormer Chief Executive Officer$580.0K$1.2M52
2025Christopher DownsSenior Vice President – Finance, (Former Chief Financial Officer)$450.0K$728.8K52
2025Sandra SilbermanFormer Chief Medical Officer$495.0K$720.8K52
2024John ClimacoFormer Chief Executive Officer$525.0K$1.1M52
2024Christopher DownsSenior Vice President – Finance, (Former Chief Financial Officer)$340.0K$621.0K52
2024Sandra SilbermanFormer Chief Medical Officer$200.0K$361.6K52

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$22.5M 2026–2026
Money received by yearMoney received by year, 2026–2026: $22.5M in all. Private raises (Form D) $22.5M.$0$10M$20M$30M2026 · Private raises (Form D): $22.5M2026
Figures by year
YearPrivate raises (Form D)Total
2026$22.5M$22.5M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. May 4, 2026Raised $22.5 million in a private offering of equity53 Form D: 13 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Ikarian Capital, LLC135,830$649.3K0.1%+90,000
ADAR1 Capital Management, LLC70,000$334.6K0.0%New
Stonepine Capital Management, LLC41,573$198.7K0.2%−19,427
Boothbay Fund Management, LLC13,524$64.6K0.0%No change
Vanguard Fiduciary Trust Co10,226$48.9K0.0%New
Vanguard Capital Management LLC6,993$33.4K0.0%New
UBS Group AG1,461$7.0K0.0%+732
Tower Research Capital LLC (TRC)799$3.8K0.0%−511
Barclays PLC19$910.0%New
Barrett & Company, Inc.8$380.0%No change
Danske Bank A/s1$50.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CNS Pharmaceuticals, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNS Pharmaceuticals, Inc.1
  • CIK0001729427
  • Employer ID (EIN)82-23185454
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inNevada4
  • Fiscal year endsDecember 311
  • Industry code (SIC)2834 Pharmaceutical Preparations1
  • SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
  • Business address2100 West Loop South, Suite 900, Houston, TX 770271
  • Phone1-800-946-91851
  • Shares outstanding1,461,449 as of Aug 11, 202612
  • Public float$5.0M as of Jun 30, 20254
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 13, 20181
  • Filings390 in all: 8-K (100), 4 (68), CORRESP (43), 10-Q (21), 3 (15), EFFECT (12), UPLOAD (12), S-1/A (10)1
    All 43 form types

    424B5 (8), DEF 14A (8), S-1 (8), 10-K (7), 4/A (7), 10-K/A (6), 424B3 (5), 424B4 (5), PRE 14A (5), S-3 (5), SC 13G (4), SCHEDULE 13G/A (4), 1-A/A (3), 8-K/A (3), DRS (3), FWP (3), S-8 (3), SCHEDULE 13G (3), DEFA14A (2), SC 13G/A (2), 1-A (1), 1-A-W (1), 8-A12B (1), ARS (1), C (1), C-AR (1), C-TR (1), C-U (1), CERT (1), D (1), DEFR14A (1), DOS (1), DRSLTR (1), RW (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Aug 21, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
Common StockCNSPNASDAQ

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CNS Pharmaceuticals, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 36 risks under these headings, as written.4

  • Risks Related to the Company’s Business and Industry
  • Our future success depends on our ability to identify, acquire or license new drug candidates, and we may not be successful in doing so.
  • Any drug candidates we acquire or license may require significant additional development, and there can be no assurance that such candidates will prove to be safe, effective or commercially viable.
  • We may not have access to sufficient capital to pursue acquisition or licensing opportunities, which could limit our ability to expand our pipeline.
  • We will require substantial funding to execute our new corporate strategy, which may not be available to us on acceptable terms, or at all, and, if not so available, may require us to delay, limit, reduce or cease our operations.
  • The report of our independent registered public accounting firm expresses substantial doubt about our ability to continue as a going concern. Such “going concern” opinion could impair our ability to obtain financing.
  • We have never been profitable, we have no products approved for commercial sale, and we have not generated any revenue from product sales. As a result, our ability to reduce our losses and reach profitability is unproven, and we may never achieve or sustain profitability. Therefore, we may not be able to continue as a going concern.
  • We have a limited operating history and we expect a number of factors to cause our operating results to fluctuate on an annual basis, which may make it difficult to predict our future performance.
  • We cannot be certain that any of our future product candidates will receive regulatory approval, and without regulatory approval we will not be able to market or commercialize them.
  • Delays in the commencement, enrollment and completion of clinical trials could result in increased costs to us and delay or limit our ability to obtain regulatory approval for our product candidates.
  • We have never completed a clinical trial or submitted an NDA before, and any product candidate we advance through clinical trials may not have favorable results in later clinical trials or receive regulatory approval.
  • If a future product candidate is found to be unsafe or ineffective, we will not be able to obtain regulatory approval for it and our business would be materially and possibly irreparably harmed.
The other 25 risks
  • Interim or preliminary data from our clinical trials that we announce or publish from time to time may change as more patient data become available and are subject to audit and verification procedures that could result in material changes in the final data.
  • Our product candidates may have undesirable side effects that may delay or prevent marketing approval, or, if approval is received, require them to be taken off the market, require them to include safety warnings or otherwise limit their sales.
  • If the FDA does not find the manufacturing facilities of our future contract manufacturers acceptable for commercial production, we may not be able to commercialize any of our product candidates, or such commercialization efforts may be delayed until we can contract with manufacturers with facilities acceptable to the FDA or other regulatory authorities.
  • We have no sales, marketing or distribution experience and we will have to invest significant resources to develop those capabilities or enter into third-party sales and marketing arrangements, the problems with which could materially harm our business at any time.
  • We may not be successful in establishing and maintaining development and commercialization collaborations, which could adversely affect our ability to develop certain of our product candidates and our financial condition and operating results.
  • We face competition from other biotechnology and pharmaceutical companies and our operating results will suffer if we fail to compete effectively.
  • Our licensed U.S. patents for Berubicin have expired and our licensed U.S. patents for TPI 287 will expire before commercialization is reasonably possible, and the expiration of our patents may subject us to increased competition, and the Orphan Drug Designations for TPI 287 and Berubicin will not bar approval of other similar products under certain circumstances.
  • We may incur substantial costs as a result of litigation or other proceedings relating to patent and other intellectual property rights.
  • We may be subject to claims that our employees and contractors have wrongfully used or disclosed alleged trade secrets of their former employers.
  • If we are not able to adequately prevent disclosure of trade secrets and other proprietary information, the value of our technology and products could be significantly diminished.
  • We will need to expand our operations and increase the size of our Company, and we may experience difficulties in managing growth.
  • We may not be able to manage our business effectively if we are unable to attract and retain key personnel and consultants.
  • We do not expect that our insurance policies will cover all of our business exposures thus leaving us exposed to significant uninsured liabilities.
  • Although dependent on certain key personnel, we do not have any key man life insurance policies on any such people.
  • There may be limited suppliers for active pharmaceutical ingredients (“API”) used in our drug candidates. Problems with the third parties that manufacture the API used in our drug candidates, or in the supply chain between the manufacturer and CNS, may delay our clinical trials or subject us to liability.
  • We may not be able to recover from any catastrophic event affecting our suppliers.
  • We may be materially adversely affected in the event of cyber-based attacks, network security breaches, service interruptions, or data corruption.
  • Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
  • Risks Related to Our Common Stock
  • Failure to maintain effective internal control over our financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act has caused and may cause in the future our financial reports to be inaccurate.
  • Failure to continue improving our accounting systems and controls could impair our ability to comply with the financial reporting and internal controls requirements for publicly traded companies.
  • Our current stockholders’ ownership may be diluted if additional capital stock is issued to raise capital, to finance acquisitions or in connection with strategic transactions.
  • We have in the past been unable to maintain compliance with the listing requirements of The Nasdaq Capital Market, and any future failure to maintain compliance could subject our common stock to be delisted from The Nasdaq Capital Market, which could have a material adverse effect on our financial condition and could make it more difficult for you to sell your shares.
  • We may be required to repurchase certain of our warrants upon a fundamental transaction, which may prevent or deter a third party from acquiring us.
  • General Risk Factors
  • As a biotechnology company, we may be at an increased risk of securities class action litigation.
  • If securities or industry analysts do not publish research or reports about us, or if they adversely change their recommendations regarding our common stock, then our stock price and trading volume could decline.

Legal proceedings

From time to time in the ordinary course of our business, we may be involved in legal proceedings, the outcomes of which may not be determinable. The results of litigation are inherently unpredictable. Any claims against us, whether meritorious or not, could be time consuming, result in costly litigation, require significant amounts of management time and result in diversion of significant resources. However, we are currently not a party to any pending legal actions. We have insurance policies covering any potential losses where such coverage is cost effective.

We are not at this time involved in any additional legal proceedings that we believe could have a material effect on our business, financial condition, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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