---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-006465"
form_type: "8-K"
ticker: "BYSI"
cik: "0001677940"
company_name: "BeyondSpring Inc."
filed_at: "2026-10-06T20:30:15+00:00"
generated_at: "2026-10-12T16:14:37.583441+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BeyondSpring closes sale of BeyondSpring Ltd. to Biolin for DUBLIN-4 data rights, $53.7M pro forma gain

## Summary
- Closed Sept. 30, 2026 sale of all BeyondSpring Ltd. shares, which indirectly held Bulin and SEED Technology, to Biolin Investment Limited; no cash consideration was paid.
- Consideration is noncash: Investor funds China portion of DUBLIN-4 Phase 3 trial of Plinabulin plus docetaxel in NSCLC; BYSI gets exclusive perpetual royalty-free license to Bulin Data.
- Clawback: if Bulin misses Target Enrollment within three years, Investor returns equity based on shortfall, including 100% of equity if shortfall is 90% or greater.
- Pro forma preliminary gain on Sale $53.7M; accumulated deficit improves to $(358.5)M from $(411.4)M, and total shareholders' deficit turns positive at $17.3M.
- Deconsolidates BeyondSpring Ltd. and SEED disposal groups; retains ~29% of SEED voting power via common and Series A-1 preferred, with right to elect two directors.

## SEC filing metadata
- accession: 0001171843-26-006465
- form_type: 8-K
- ticker: BYSI
- cik: 0001677940
- company_name: BeyondSpring Inc.
- filed_at: 2026-10-06T20:30:15+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677940/000117184326006465/0001171843-26-006465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677940/000117184326006465/f8k_100626.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-006465
- JSON: https://secwatch.observer/filing/0001171843-26-006465.json
- Plain text: https://secwatch.observer/filing/0001171843-26-006465.txt

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