Company: HURA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047921
Chunk: 182

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 182
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 Merger, Kineta stockholders will become holders of our common stock. The market price of our common stock may fluctuate significantly following completion of the Kineta Merger. As a result, former current stockholders could lose some or all of the value of their investment in our common stock. In addition, any significant price or volume fluctuations in the stock market generally could have a material adverse effect on the market for, or liquidity of, the common stock received in the Kineta Merger, regardless of our actual operating performance.

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The market price of our common stock may decline in the future as a result of the sale of shares of our common stock held by former Kineta stockholders or current stockholders.

Following their receipt of shares of our common stock as merger consideration, former Kineta stockholders may seek to sell the shares of common stock delivered to them, and, other than former directors and executive officers of Kineta who are subject to a lock-up of one-third of the shares of common stock they receive as merger consideration, the Kineta Merger Agreement contains no restriction on the ability of former Kineta stockholders to sell such shares of common stock following consummation of the Kineta Merger. Other stockholders may also seek to sell shares of our common stock held by them following, or in anticipation of, consummation of the Kineta Merger. These sales (or the perception that these sales may occur), coupled with the increase in the outstanding number of shares of our common stock, may affect the market for, and the market price of, our common stock in an adverse manner.

Satisfying closing conditions may prevent or delay completion of the Kineta Merger.

The Kineta Merger is subject to a number of conditions to closing as specified in the Kineta Merger Agreement. These closing conditions include, among others, the effectiveness of the registration statement on Form S-4 registering the issuance of shares of our common stock to Kineta stockholders in connection with the Kineta Merger, our completion of a financing resulting in net proceeds of no less than Thirty-Five Million Dollars ($35,000,000) (the “Concurrent Investment”), and the absence of any stop order or proceedings by the SEC with respect thereto, and the absence of governmental restraints or prohibitions preventing the completion of the Kineta Merger. The obligation of each of us and Kineta to complete the Kineta Merger are also conditioned on, among other things, the accuracy of certain representations and warranties of the other