Company: HURA
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-179009
Chunk: 284

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-08-12
Form: S-1
Chunk 284
---
 fair value as determined by using the fair value hierarchy for inputs that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use to value an asset or liability and are developed based on market data obtained from independent sources. Unobservable inputs are inputs based on assumptions about the factors market participants would use to value an asset or liability. The three levels of inputs that may be used to measure fair value are as follows:

| • |     | Level one - inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities; |

| • |     | Level two - inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals; and |

<div align='center'>F-4 5</div>

| • |     | Level three - unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. |

Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. As of September 30, 2024, the Company’s milestone payment liability was measured using level three inputs. The milestone payment liability relates to contingent milestone payments for the REM-001program that was acquired in the Adgero merger (note 1).

|                             |     | September 30, 2024 |   |     |         |   |     |         |     |
|:----------------------------|:----|:-------------------|:--|:----|:--------|:--|:----|:--------|----:|
| Liability                   |     | Level 1            |   |     | Level 2 |   |     | Level 3 |     |
| Milestone payment liability |     |                    | — |     |         | — |     |         | 188 |

| Balance - June 30, 2024       |     | $(in thousands) | 186 |
|:------------------------------|:----|:----------------|----:|
| Change in fair value estimate |     |                 |   2 |
| Balance - September 30, 2024  |     |