---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-272531"
form_type: "8-K"
ticker: "ZYME"
cik: "0001937653"
company_name: "Zymeworks Inc."
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:55:32.775268+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Zymeworks terminates ATM agreement with Jefferies; issues 2.715M shares upon warrant exercise at $0.0001/share

## Summary
- Terminated Open Market Sale Agreement with Jefferies effective Nov 9, 2022; no shares were sold under it.
- Issued 1,375,000 common shares on Oct 25 to a warrant holder upon partial exercise of a warrant.
- Issued additional 1,340,000 common shares on Oct 27 to same warrant holder upon exercise of the remaining warrant.
- Warrant exercise price was $0.0001 per share; total cash received $271.50 for both exercises.
- Warrant shares issued under previously filed S-3 registration statement and prospectus supplement.

## SEC filing metadata
- accession: 0001193125-22-272531
- form_type: 8-K
- ticker: ZYME
- cik: 0001937653
- company_name: Zymeworks Inc.
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1937653/000119312522272531/0001193125-22-272531-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1937653/000119312522272531/d401904d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-272531
- JSON: https://secwatch.observer/filing/0001193125-22-272531.json
- Plain text: https://secwatch.observer/filing/0001193125-22-272531.txt

## Key facts
- Material Agreements
  Zymeworks Inc. terminated Open Market Sale Agreement with Jefferies LLC (effective 2022-11-09).
  - Action: termination
  - Agreement: atm program
  - Counterparty: Jefferies LLC
  - Effective: 2022-11-09
  source text: On October 26, 2022, Zymeworks Inc. (the “Company”) notified Jefferies LLC (“Jefferies”) of its decision to terminate the Open Market Sale Agreement SM , dated as of October 21, 2022, (the “Sales Agreement”) between the Company and Jefferies, effective as of November 9, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1937653/000119312522272531/0001193125-22-272531-index.htm

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