{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-217618","form_type":"8-K","ticker":"SMMT","cik":"0001599298","company_name":"Summit Therapeutics Inc.","filed_at":"2024-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.709930+00:00","generated_at":"2026-05-31T05:14:03.377020+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Summit Therapeutics raises $235M in private placement led by insiders at $22.70/share","bullets":["Sold 10.35M shares at $22.70, the closing price on Sept 11; aggregate gross proceeds ~$235M.","$79M raised from insiders including CEO Robert Duggan, Dr. Zanganeh, Soni, Anand, and director Jeff Huber.","Remaining $156M from multiple leading biopharma institutional investors; no bankers' fees.","Proceeds to advance ivonescimab clinical development in NSCLC and other cancers, plus working capital.","Company will file a resale registration statement with SEC after closing expected by Sept 18, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-217618","json":"https://secwatch.observer/filing/0001193125-24-217618.json","markdown":"https://secwatch.observer/filing/0001193125-24-217618.md","text":"https://secwatch.observer/filing/0001193125-24-217618.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1599298/000119312524217618/0001193125-24-217618-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1599298/000119312524217618/d799002d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:14:03.377020+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}