Company: HURA
Filing Date: 2025-02-07
Form Type: S-4
Source: 0001193125-25-022803
Chunk: 847

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-02-07
Form: S-4
Chunk 847
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 relief under the US Bankruptcy Code.

In connection with the Company’s decision to explore strategic alternatives, the Company implemented a workforce reduction of the Company’s workforce by seven full-time employees, or approximately 64% of the Company’s then-current employee base. The workforce reduction includes Kineta’s Chief Executive Officer, Shawn Iadonato, Ph.D., who will continue to serve on the Company’s Board of Directors, and Kineta’s General Counsel and Secretary, Pauline Kenny. Each of Dr. Iadonato and Ms. Kenny will continue to support the Company in a consulting capacity until December 31, 2024. In connection with this workforce reduction, the affected employees will be provided severance benefits, including cash severance payments. Each affected employee’s eligibility for these severance benefits is contingent upon such employee’s entering into an effective separation agreement, which includes a general release of claims against the Company. The reduction of workforce is expected to result in approximately $246,000 in severance costs. The incremental costs are expected to be incurred in the first quarter of 2024.

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KINETA, INC. CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited)

|                                                                                                                                                                                                                        |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023 |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Assets                                                                                                                                                                                                                 |     |   |               |   |     |   |              |   |
| Current assets:                                                                                                                                                                                                        |     |   |               |   |     |   |              |   |
| Cash                                                                                                                                                                                                                   |     | $ |         1,949 |   |     | $ |        5,783 |   |
| Restricted cash                                                                                                                                                                                                        |     |   |             4 |   |     |   |           75 |   |
| Prepaid expenses and other current assets                                                                                                                                                                              |     |   |           265 |   |     |   |          119 |   |
| Total current assets                                                                                                                                                                                                   |     |   |         2,218 |   |     |   |        5,977 |   |
| Operating right-of-use asset                                                                                                                                                                                           |     |   |             — |   |     |   |          472 |   |
|