Company: VERA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029969
Chunk: 142

Company: Vera Therapeutics, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 142
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    21

    Accretion of discount and amortization of premium on purchase of debt securities

    (8,972
    )

    (4,433
    )

    Accretion of loan exit fee and amortization of loan costs

    810

    326

    Reduction in the carrying amount of operating lease right-of-use assets

    2,064

    2,224

    Stock-based compensation

    20,802

    11,493

    Changes in operating assets and liabilities:

    Prepaid expense and other current assets

    981

    173

    Other assets

    351

    (262
    )

    Accounts payable

    (3,453
    )

    (873
    )

    Accrued and other liabilities

    7,188

    (2,215
    )

    Operating lease liabilities

    (2,407
    )

    (2,645
    )

    Net cash used in operating activities

    (134,679
    )

    (92,181
    )

    Cash flows from investing activities

    Purchase of property and equipment

    (972
    )

    (63
    )

    Purchase of marketable securities

    (703,015
    )

    (224,930
    )

    Proceeds from maturities of marketable securities

    274,958

    176,019

    Proceeds from sale of marketable securities

    4,000

    9,543

    Net cash used in investing activities

    (425,029
    )

    (39,431
    )

    Cash flows from financing activities

    Proceeds from exercise of stock options and employee stock purchase plan

    13,413

    1,056

    Proceeds from short swing settlement

    37

    —

    Proceeds from borrowings, net of costs

    —

    24,741

    Repurchase of common stock

    (13
    )

    —

    Proceeds from issuance of common stock in follow-on offerings

    632,500

    115,000

    Payment of issuance costs and underwriting fees related to follow-on offerings

    (39,264
    )

    (7,256
    )

    Net cash provided by financing activities

    606,673

    133,541

    Net increase in cash and cash equivalents