Company: HURA
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001193125-25-113920
Chunk: 365

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-05-06
Form: S-4/A
Chunk 365
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 the term sheet into a draft amendment for further discussion and negotiations.

On April 22, 2025, TuHURA delivered to Kineta a draft of the First Amendment setting forth proposed amendments to the Merger Agreement, and on April 24, 2025, the CEOs and other representatives of TuHURA and Kineta, together with their respective counsel, held a virtual meeting during which they discussed and negotiated the terms and provisions of the First Amendment.

On April 25, 2025, the parties agreed in principle on a form of First Amendment that would provide for a reduction in the minimum size of the Concurrent Investment to $20 million in gross proceeds, a reduction of the base amount of Closing Adjusted Cash Consideration from $15 million to $12.0 million and a corresponding increase in the share consideration in the Mergers (split equally between the Initial Share Consideration and Kineta Delayed Share Consideration), and a reduction in the maximum working capital deficit that Kineta could have at the Closing from $12 million to $6 million. The First Amendment also changed the End Date from April 30, 2025, to June 30, 2025, but with a right of TuHURA to extend the End Date from June 30, 2025 to July 31, 2025, contingent on TuHURA advancing to Kineta an amount equal to $250,000 of operating capital. In the First Amendment, TuHURA also agreed to make additional loans available to Kineta in the amount of $250,000 to be advanced on or before May 15, 2025, as well as an additional advance of $250,000 to be made on or before June 3, 2025 contingent on TuHURA receiving certain financing or warrant exercise proceeds.

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On May 2, 2025, the TuHURA Board of Directors approved the First Amendment by written consent, and on April 29, 2025, the Kineta Board of Directors approved the First Amendment by written consent. The parties to the Merger Agreement entered into the First Amendment on May 5, 2025. Recommendation of the TuHURA Board of Directors; TuHURA’s Reasons for the Mergers The TuHURA Board of Directors has unanimously determined that the Mergers are in the best interests of TuHURA; has approved and declared advisable the Merger Agreement, the Mergers, the issuance of shares of