Company: HURA
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001193125-25-113920
Chunk: 874

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-05-06
Form: S-4/A
Chunk 874
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 ranging from of 76.0% to 114.0%, risk-free interest rates ranging from 4.7% to 5.5% and funding probability of 75%, which resulted in a gain in fair value of $1.6 million for the year ended December 31, 2023, which is recorded in other income (expense) in the Statement of Operations. The fair value measurement as of December 31, 2023 was approximately $3.8 million. The following table provides a summary of the changes in the fair value of the rights from Private Placement measured using Level 3 inputs:

|                                                       |     | Years Ended December 31, 
 2024                     
 (in thousands)           |        |   |     | 2023 |       |
|:------------------------------------------------------|:----|:-------------------------|-------:|:--|:----|:-----|------:|
| Balance at beginning of period                        |     | $                        |  3,832 |   |     | $    | 2,250 |
| Change in fair value of rights from Private Placement |     |                          | (3,832 | ) |     |      | 1,582 |
| Balance at end of period                              |     | $                        |      — |   |     | $    | 3,832 |

2020 Notes The Company elected the fair value option to account for the 2020 notes (as defined below) (see Note 5). During 2024, the Company did not obtain an independent valuation of the 2020 notes as they matured on July 31, 2024 and the fair value approximates the principal amount. The 2020 notes matured on July 31, 2024 and are payable anytime after the maturity date upon demand by the holder. During 2023, the 2020 notes were valued using a discounted cash flow model based on the contractual payment dates, a discount rate and the contractual maturity date. The significant unobservable inputs used in the fair value measurement of the 2020 note for the year ended December 31, 2023 were as follows: discount rates ranging from 13.0% to 15.0% and contractual payment dates ranging from 0.6 years to 1.3 years, which resulted in a fair value range for the 2020 notes of $225,000 to $241,000. The following table provides a summary of the changes in the fair value