Company: ARMP
Filing Date: 2025-12-01
Form Type: 424B5
Source: 0001104659-25-117382
Chunk: 63

Company: Armata Pharmaceuticals, Inc.
Filing Date: 2025-12-01
Form: 424B5
Chunk 63
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 the depositary, or its nominee, will be the sole registered owner and holder of all securities represented
by a global security, and investors will be permitted to own only beneficial interests in a global security. Beneficial interests must
be held by means of an account with a broker, bank or other financial institution that in turn has an account with the depositary or with
another institution that does. Thus, an investor whose security is represented by a global security will not be a holder of the security,
but only an indirect holder of a beneficial interest in the global security.

If the prospectus supplement
for a particular security indicates that the security will be issued in global form only, then the security will be represented by a global
security at all times unless and until the global security is terminated. If termination occurs, we may issue the securities through another
book-entry clearing system or decide that the securities may no longer be held through any book-entry clearing system.

Special Considerations for Global Securities

As an indirect holder, an
investor’s rights relating to a global security will be governed by the account rules of the investor’s financial institution
and of the depositary, as well as general laws relating to securities transfers. We do not recognize an indirect holder as a holder of
securities and instead deal only with the depositary that holds the global security.

If securities are issued only
in the form of a global security, an investor should be aware of the following:

| · | An investor cannot cause the securities to be                                                                                            
 registered in his or her name and cannot obtain non-global certificates for his or her interest in the securities, except in the special 
 situations we describe below.                                                                                                            |

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| · | An investor will be an indirect holder and must                                                                                             
 look to his or her own bank, broker or other financial institution for payments on the securities and protection of his or her legal rights 
 relating to the securities, as we describe above.                                                                                           |

| · | An investor may not be able to sell interests                                                                                              
 in the securities to some insurance companies and to other institutions that are required by law to own their securities in non-book-entry 
 form.                                                                                                                                      |

| · | An investor may not be able to pledge his or                                                                                               
 her interest in a global security in circumstances where certificates representing the securities must be delivered to the lender or other 
 beneficiary of the pledge in order for the pledge to be effective.                                                                         |

| · | The depositary’s policies,