other material
confidence high
sentiment positive
materiality 0.65
Arcus and Gilead extend share lockup to July 2023, agree to register resale shares
Arcus Biosciences, Inc.
- Lockup on Gilead's Arcus shares extended by one year to July 13, 2023, from original two-year term ending May 2022.
- Arcus must file a resale registration statement for Gilead's registrable securities by October 31, 2022.
- Amendment executed October 11, 2022; other terms of the Investor Rights Agreement unchanged.