secwatch.observer — SEC 8-K summary
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Issuer:     KINETA, INC./DE (—)
CIK:        0001445283
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0001193125-22-311158
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 8.01, 9.01, 2.01, 3.02, 3.03, 5.03, 4.01, 5.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Kineta completes reverse merger with Yumanity, asset sale to Janssen for $26M, special dividend paid
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- Asset sale to Janssen: $26M cash for YTX-7739 and preclinical assets; triggered $1.43/share special dividend paid Dec 19.
- Merger closed: Kineta merges into Yumanity; former Kineta holders own 77.3%; ticker changed to KA on Nasdaq.
- PIPE first tranche: $7.5M at $11.55/share; second tranche of $22.5M due March 31, 2023 at VWAP+10%.
- Auditor changed from PwC to Marcum effective Dec 16, 2022; PwC's prior audit had going-concern emphasis.
- Board reconstituted with Kineta CEO Shawn Iadonato, Marion Foote, Raymond Bartoszek; name change to Kineta, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445283/000119312522311158/0001193125-22-311158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445283/000119312522311158/d407996d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-311158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer