---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009557"
form_type: "8-K"
ticker: "VSTM"
cik: "0001526119"
company_name: "Verastem, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:17:47.108219+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Verastem reports $87.9M cash; secures $30M preferred stock and $15M loan for pipeline

## Summary
- Preliminary unaudited cash and short-term investments of $87.9M as of Dec 31, 2022.
- Closed $30M initial tranche of $60M private placement of Series B Convertible Preferred Stock with BVF.
- Eligible to draw additional $15M Term B Loan from Oxford Finance upon milestone.
- 2023 catalysts: initiate confirmatory LGSOC study; initial data from RAMP 203/204 NSCLC trials.

## SEC filing metadata
- accession: 0001104659-23-009557
- form_type: 8-K
- ticker: VSTM
- cik: 0001526119
- company_name: Verastem, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1526119/000110465923009557/0001104659-23-009557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1526119/000110465923009557/tm235241d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009557
- JSON: https://secwatch.observer/filing/0001104659-23-009557.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009557.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.