Company: LBRX
Filing Date: 2025-08-22
Form Type: S-1
Source: 0001193125-25-186467
Chunk: 374

Company: LB PHARMACEUTICALS INC
Filing Date: 2025-08-22
Form: S-1
Chunk 374
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urcated from the host contract and a liability and corresponding discount was recorded on the date of issuances in the total amount of $0.3 million and $7.1 million for the years ended December 31, 2023 and 2022, respectively. The liability is remeasured at fair value at the end of each reporting period, with any changes recorded in the accompanying statements of operations. For the year ended December 31, 2023, debt issuance costs associated with the 2022 Notes totaled $0.1 million. On December 16, 2022, the Company amended and restated the 2022 Notes to extend the maturity date to November 30, 2024 for all noteholders. In accordance with ASC 470-50, Debt Modification and Extinguishments,the Company considered this extension of maturity date as a modification. The Company amortizes the remaining debt issuance costs and conversion feature over the remaining life of the modified debt. F-32

LB Pharmaceuticals Inc Notes to Financial Statements The Company recognized the following changes in the debt related to the 2022 Notes during the year ended December 31, 2023 (in thousands):

|                                        |     | 2022  
 Notes |         |   |     | Debt     
 Discount |         |   |     | 2022       
 Notes, Net |         |   |
|:---------------------------------------|:----|:------|--------:|:--|:----|:---------|--------:|:--|:----|:-----------|--------:|:--|
| Balance December 31, 2022              |     | $     |  25,005 |   |     | $        | (10,309 | ) |     | $          |  14,696 |   |
| Issuance of 2022 Notes                 |     |       |     725 |   |     |          |       — |   |     |            |     725 |   |
| Conversion features for 2022 Notes     |     |       |       — |   |     |          |    (327 | ) |     |            |    (327 | ) |
| Issuance costs                         |     |       |       — |   |     |          |    (133 | ) |     |            |    (133 | ) |
| Amortization                           |     |       |       — |   |     |          |   3,694 |