Company: HURA
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047921
Chunk: 196

Company: TuHURA Biosciences, Inc./NV
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 196
---
 Certificate of Designation of Series A Preferred Stock with the Secretary of State of Nevada, pursuant to which, Kintara designated and thereafter issued 278,530 shares of preferred stock as Series A Preferred Stock. The shares of Series A Preferred Stock have a state value of $1.00 per share (the “Series A Stated Value”) and are not convertible into shares of our common stock. The holder of the Series A Preferred Stock is entitled to dividends at the rate of 3% of the Series A Stated Value, payable quarterly in arrears.  The dividend has been recorded as a direct increase in accumulated deficit.

Warrant modification

Warrant modification represents an extension of the exercise period of common stock purchase warrants issued in connection with Legacy TuHURA Series A Preferred Stock (the “Series A Warrants”) for an additional six months, with a new expiry date of February 12, 2025. The warrant modification has been recorded as a direct increase in accumulated deficit.

Results of Operations

Comparisons for the Years Ended December 31, 2024, and December 31, 2023

87

    Year ended

    December 31,

    Change

    2024

    2023

    (in thousands)

    Operating expenses:

    Research and development
     
    $
    13,335,316

    $
    9,402,417

    $
    3,932,899

    Acquired in process research and development ("IPR&D")

    -

    16,217,655

    (16,217,655
    )

    General and administrative

    4,314,176

    4,144,648

    169,528

    Total operating expenses

    17,649,492

    29,764,720

    (12,115,228
    )

    Loss from operations

    (17,649,492
    )

    (29,764,720
    )

    12,115,228

    Other income (expense)

    Employee retention tax credit

    -

    334,443

    (334,443
    )

    Grant income

    57,627

    42,466

    15,161

    Interest expense

    (4,138,301
    )

    (18,688
    )

    (4,119,613
    )

    Interest income

    361,