secwatch.observer — SEC 8-K summary
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Issuer:     Verastem, Inc. (VSTM)
CIK:        0001526119
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001558370-22-004433
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verastem secures $150M Oxford credit facility, reports Q4 net loss $16.5M
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- Secured up to $150M non-dilutive credit facility from Oxford Finance; initial $25M drawn at close.
- Q4 2021 net loss $16.5M ($0.09/sh); full-year net loss $71.2M ($0.41/sh).
- Pro-forma cash $125.3M as of Dec 31, 2021; expected cash runway through 2025.
- RAMP 201 Part A results expected Q2 2022; RAMP 202 Part A results expected H2 2022.
- Director Tim Barberich retiring March 31, 2022; Michelle Robertson appointed to board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1526119/000155837022004433/0001558370-22-004433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1526119/000155837022004433/vstm-20220323x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004433

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