M&A
confidence high
sentiment neutral
materiality 0.95
Kintara and TuHURA enter definitive merger; combined company to focus on immuno-oncology
TuHURA Biosciences, Inc./NV
- TuHURA stockholders to own ~97.15% of combined company; Kintara stockholders ~2.85% (or 94.55%/5.45% after CVR shares).
- Combined company to trade as 'HURA' on Nasdaq; merger expected to close in Q3 2024.
- TuHURA plans Phase 3 trial for IFx-2.0 personalized cancer vaccine in 2H 2024 under FDA accelerated approval pathway.
- TuHURA has $31M subscribed financing of convertible notes to provide cash runway into late 2025.
- CVRs issued to Kintara stockholders; up to 53.9M shares if milestone on REM-001 study met by Dec 31, 2025.