TuHURA Biosciences, Inc./NV (HURA): M&A transaction — TuHURA posts $15.7M net loss through Q3 2024; convertible debt rises to $24.4M

TuHURA Biosciences, Inc./NV

Net loss of $15.7M for nine months ended Sep 30, 2024 vs $26.6M prior year (prior year included $16.2M IPR&D charge).
Operating loss of $12.0M vs $27.1M YoY; R&D spend up to $9.4M from $7.5M.
Cash position $19.6M at Sep 30, 2024, up from $3.7M year-end 2023 after $28.6M convertible note issuance.
Convertible notes payable net of discount total $24.4M; derivative liability of $2.9M recorded.
Stockholders' deficit worsened to $(2.8M) from $(1.6M); closed merger with Kintara on Oct 18, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TuHURA Biosciences, Inc./NV underwent a change of control involving TuHURA Biosciences, Inc., a Delaware corporation (closed 2024-10-18).

Action: change of control
Counterparty: TuHURA Biosciences, Inc., a Delaware corporation
Closing: 2024-10-18

Exact text from the filing

the completion of the Merger, pursuant to which Kayak Mergeco, Inc. merged with and into TuHURA Biosciences, Inc., a Delaware corporation ("Private TuHURA")

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TuHURA Biosciences, Inc./NV filing history →

Source: SEC EDGAR

accession 0000950170-24-127218

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