Nantahala Capital Management Reports 9.99% Stake in Fractyl Health, Inc. (GUTS)

On May 15, 2026, Nantahala Capital Management, LLC, along with Wilmot B. Harkey and Daniel Mack, filed a Schedule 13G/A reporting a significant position in Fractyl Health, Inc. (GUTS). As of the event date on March 31, 2026, the reporting persons collectively hold 16,124,780 shares of common stock, representing a 9.99% ownership stake in the company. This holding includes 2,760,261 shares that may be acquired within sixty days through the exercise of convertible securities. Nantahala Capital Management serves as an investment adviser for various funds and managed accounts, while Messrs. Harkey and Mack are considered control persons as managing members of the firm. The filing indicates shared voting and dispositive power over all 16,124,780 shares. The acquisition was made in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This filing marks an increase from a previously reported 0.0% position, establishing Nantahala as a major institutional shareholder.