Company: HURA
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001193125-25-113920
Chunk: 685

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-05-06
Form: S-4/A
Chunk 685
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 Merger Agreement, as amended in April 2025). See paragraph below for treatment of the cash consideration when the amount already paid in cash that is able to be credited against the base consideration value exceeds the estimated cash consideration amount.

After incorporating the current estimated working capital deficit and creditable payments already made by TuHURA to Kineta, the estimated amount of cash to be paid at Closing for the cash component of the aggregate Merger Consideration (the “Closing Adjusted Cash Consideration”) is currently estimated to be a negative amount of $744,503 ($6,000,000 less the $6,744,503 already paid). Pursuant to the Merger Agreement, if and only if the Closing Adjusted Cash Consideration is less than zero, then this negative amount’s absolute value will be defined as the Deficit Cash Consideration which accordingly reduces the Initial Share Consideration. The actual Closing Adjusted Cash Consideration paid, including the calculation of potential Deficit Cash Consideration subject to adjustment pursuant to the amended Merger Agreement based on the final net working capital deficit or surplus of Kineta at the Closing and certain subsequent working capital loans made by TuHURA to Kineta between the date of the Merger Agreement and closing of the Mergers not related to the funding under the CTF Agreement with such loans and their terms made in contemplation within the Merger Agreement, as amended in April 2025. Accordingly, based on the estimated net working capital deficit of $6,000,000 and other cash payments able to be credited against the base cash consideration in the total Merger Consideration noted above, this unaudited pro forma condensed combined financial information assumes a Deficit Cash Consideration of $744,503 as calculated above.

The maximum estimated share consideration, which is ultimately subject to adjustment pursuant to the amended Merger Agreement, to be paid to Kineta stockholders of record at the Effective Time will consist of an aggregate of up to a maximum of approximately 3,998,051 shares of TuHURA Common Stock, which is calculated by using the top-line share value of $23,000,000 (consisting of the maximum value for the Initial Share Consideration of $16,500,000 plus the maximum value for Delayed Share Consideration of $6,500,000) and dividing by the TuHURA Share Value (3,998,051 shares x $5.7528 equals $23,000,000).

After accounting for the expected Deficit Cash Consideration of $744