Company: PACB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001299130-25-000061
Chunk: 519

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1A
Chunk 519
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 of our common stock for the twenty trading days ending with and including the trading day that was two days immediately prior to the achievement of the milestone. The $95.9 million represents the $100.0 million that was to be paid in shares of our common stock offset by $4.1 million attributable to stock options issued by PacBio in replacement of Omniome’s unvested options as part of the transaction, pursuant to the terms of the Omniome merger agreement. Following the achievement of the commercial milestone, $101.3 million of the contingent consideration, which includes certain payroll taxes, was paid during the year ended December 31, 2023. Additionally, 8,988,391 shares were issued at a value of $84.8 million to the former Omniome securityholders.

Fiscal 2024 Form 10-K101

Cash, Cash Equivalents, Restricted Cash, and InvestmentsThe following table summarizes our cash, cash equivalents, restricted cash, and investments:December 31, 2024(in thousands)AmortizedCost Grossunrealizedgains Grossunrealizedlosses FairValue Cash and cash equivalents:Cash and money market funds$55,370 $— $— $55,370 U.S. government & agency securities— — — — Total cash and cash equivalents 55,370 — — 55,370 Investments:Commercial paper — — — — Corporate debt securities 46,746 184 (25)46,905 U.S. government & agency securities287,393 418 (155)287,656 Total investments 334,139 602 (180)334,561 Total cash, cash equivalents, and investments $389,509 $602 $(180)$389,931 Short-term restricted cash$690 $— $— $690 Long-term restricted cash$1,532 $— $— $1,532 December 31, 2023(in thousands)AmortizedCostGrossunrealizedgainsGrossunrealizedlossesFairValueCash and cash equivalents:Cash and money market funds$70,172 $— $— $70,172 Commercial paper — — — — U.S. government & agency securities109,786 13 (60)109,739 Total cash and cash equivalents 179,958