secwatch.observer — SEC 8-K summary
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Issuer:     GRAIL, Inc. (GRAL)
CIK:        0001699031
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001628280-24-030355
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.06
LLM model:  deepseek-v4-flash:cloud@v2

GRAIL expects $888.9M goodwill impairment & ~$420M IPR&D charge in Q2 2024
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- Goodwill impairment charge of $888.9 million, full remaining carrying value as of March 31, 2024.
- IPR&D intangible impairment estimated at ~$420 million pushed down from Illumina's spin-off.
- Total IPR&D intangible assets were $560.0 million as of March 31, 2024.
- No material future cash expenditures expected from these impairments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024030355/0001628280-24-030355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699031/000162828024030355/gral-20240624.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030355

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