Company: PRTA
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001559053-25-000031
Chunk: 42

Company: PROTHENA CORP PUBLIC LTD CO
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 42
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 compensation expense) partially offset by interest income on investments.

Cash Used in Investing Activities

Net cash used in investing activities was $128 thousand for the six months ended June 30, 2025, which primarily consisted of expenditures to purchase property and equipment.

Cash Provided by (Used in) Financing Activities

Net cash used in financing activities was$122 thousand f or the six months ended June 30, 2025, which primarily consisted of expenditures related to our at-the-market offering.

Six Months Ended June 30, 2024

Refer to “ Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” in our second quarter 2024 Quarterly Report on Form 10-Q for a discussion of the cash flows for the six months ended June 30, 2024.

Off-Balance Sheet Arrangements

At June 30, 2025, we were not a party to any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures or capital resources.

Contractual Obligations

Our contractual obligations as of June 30, 2025, consisted of minimum cash payments under operating leases of $10.8 million, purchase obligations of $3.3 million (of which $2.6 million is included in current liabilities), obligations under our restructuring plan of $30.3 million (of which all of it is included in current liabilities), and contractual obligations under license agreements of $0.3 million). Purchase obligations consist of non-cancelable purchase commitments to suppliers. Operating leases represent our future minimum rental commitments under our non-cancelable operating leases. For additional information regarding the timing for our contractual obligations see Note 6, “ Commitments and Contingencies” to Condensed Consolidated Financial Statements.

In June 2021, we entered into a lease agreement for office space in Dublin, Ireland, which commenced in August 2021 and had an initial term of one year. In addition, we entered into a lease agreement for additional office space in Dublin, Ireland, which commenced in August 2023 and had an initial term of one year. In April 2025, we renewed both leases, each for another one year term with termination dates in July 2026. Both leases have an automatic renewal clause, pursuant to which each agreement will be extended automatically for successive periods equal to their current terms,