# EDGAR Filing Document

**Accession Number:** 0001162194
**File Stem:** 0001104659-26-010965
**Filing Date:** 2026-2
**Character Count:** 25285
**Document Hash:** d76c63fb8b45b67d880949c766627134
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-010965.hdr.sgml**: 20260205

**ACCESSION NUMBER**: 0001104659-26-010965

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260130

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260205

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STANDARD BIOTOOLS INC.
- **CENTRAL INDEX KEY:** 0001162194
- **STANDARD INDUSTRIAL CLASSIFICATION:** LABORATORY ANALYTICAL INSTRUMENTS [3826]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 770513190
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34180
- **FILM NUMBER:** 26603577

**BUSINESS ADDRESS:**
- **STREET 1:** 50 MILK STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 6502666000

**MAIL ADDRESS:**
- **STREET 1:** 50 MILK STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLUIDIGM CORP
- **DATE OF NAME CHANGE:** 20011113

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

------

**FORM 8-K/A**

------

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

**Date of report (Date of earliest event reported):** January 30, 2026**

------

**Standard BioTools Inc.**

(Exact Name of Registrant as Specified in Charter)

------

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-34180** | **77-0513190** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission File <br> Number) | (I.R.S. Employer <br> Identification No.) |

---

---

| |
|:---|
| **50 Milk Street** **, 10th Floor** |
| **Boston** **, Massachusetts 02109** |
| (Address of Principal Executive Offices) (Zip Code) |

---

**(650) 266-6000**

(Registrant's Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

---

| |
|:---|
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

---

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| Title of each class | Name of each exchange on which registered |
| **Common stock, par value $0.001 per share** **LAB** | **Nasdaq Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Explanatory Note**

On January 30, 2026, Standard BioTools Inc. (the "<u>Company</u>"), filed a Current Report on Form 8-K (the "<u>Original Report</u>") to report the completion of its previously announced sale of all of the equity interests of SomaLogic, Inc., Sengenics Corporation LLC and Sengenics Corporation Pte Ltd, pursuant to the terms of the Stock Purchase Agreement, dated as of June 22, 2025, by and between the Company and Illumina, Inc., a Delaware corporation.

This Amendment No. 1 to Current Report on Form 8-K/A amends the Original Report to include the pro forma financial information required under Item 9.01(b), which was excluded from the Original Report in reliance on the instructions to such Item.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Pro Forma Financial Information.

The unaudited pro forma condensed consolidated financial statements as of and for the nine months ended September 30, 2025 and for the year ended December 31, 2024 giving effect to the disposition are filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated in this Item 9.01 by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm265294d1_ex99-1.htm) | [Unaudited Pro Forma Condensed Consolidated Financial Statements of Standard BioTools Inc. as of and for the nine months ended September 30, 2025 and for the year ended December 31, 2024.](tm265294d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: February 5, 2026 | STANDARD BIOTOOLS INC. | STANDARD BIOTOOLS INC. |
|  | By: | /s/ Alex Kim |
|  | Name: | Alex Kim |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION**

On January 30, 2026, Standard BioTools Inc. (the "Company") completed the sale of all of the equity interests of SomaLogic, Inc. ("SomaLogic"), Sengenics Corporation LLC, and Sengenics Corporation Pte Ltd (collectively, the "Disposed Entities") to Illumina, Inc. ("Illumina") pursuant to the Stock Purchase Agreement (the "Purchase Agreement") dated June 22, 2025, by and between the Company and Illumina (such transaction, the "Transaction"). The Disposed Entities comprised the Company's SomaScan® Business, including its SomaScan assay platform and related products and services. The Company retained its mass cytometry and microfluidics businesses, which were not part of the Transaction.

The Company received net cash proceeds of approximately $363.7 million at the closing of the Transaction. The total consideration received by the Company from Illumina at closing is subject to customary post-closing adjustments as set forth in the Purchase Agreement. In addition, the Company is eligible to receive contingent earnout payments of up to $75 million based on the achievement of specified revenue thresholds for net revenue generated from SomaScan assay services or any other SOMAmer-based assay services and sales of SOMAmer-based array kits and SOMAmer-based next-generation sequencing library preparation kits in fiscal years 2025 and 2026. The Company will also receive a 2% royalty on net revenues generated from sales of SOMAmer-based NGS library preparation kits for 10 years following the closing of the Transaction and a co-exclusive license to intellectual property relating to Single SOMAmer commercialization in singleplex affinity assays.

SomaLogic had previously entered into a Collaboration Agreement, dated as of December 31, 2021, by and between SomaLogic and Illumina Cambridge, Ltd. (as amended on November 14, 2022, June 15, 2023, September 21, 2023 and June 23, 2025, the "Collaboration Agreement") for the joint development and commercialization of co-branded kits combining Illumina's Next Generation Sequencing technology with SomaScan technology. As a result of the closing of the Transaction, the Company no longer has any subsidiary that is party to the Collaboration Agreement, and neither the Company nor any of its subsidiaries will be entitled to any royalties or other payments under the Collaboration Agreement.

The following unaudited pro forma condensed consolidated financial information is based on the Company's historical consolidated financial statements, which were prepared in accordance with United States generally accepted accounting principles adjusted to give effect to the sale of the Disposed Entities. The unaudited pro forma condensed consolidated balance sheet presents the Company's financial position as of September 30, 2025 as if the Transaction had been completed on that date. The unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2024 and for the nine months ended September 30, 2025 presents results of operations as if the Transaction had been completed on January 1, 2024. The pro forma information reflects adjustments that, in the opinion of management, are necessary to present fairly the pro forma financial position as of September 30, 2025 and results of operations for the nine months ended September 30, 2025 and year ended December 31, 2024. This unaudited pro forma financial information should be read in conjunction with the Company's historical financial statements and the notes thereto included in its Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.

The unaudited pro forma condensed consolidated financial statements are provided for illustrative purposes only and do not purport to represent what the Company's actual results of operations or financial position would have been had the Transaction occurred on the dates indicated, nor are they necessarily indicative of the Company's future results of operations or financial position. The unaudited pro forma adjustments are based upon currently available information, estimates and assumptions that the Company's management believes are reasonable as of the date hereof. The pro forma adjustments and related assumptions are described in the accompanying notes presented on the following pages, which should be read together with the unaudited pro forma condensed consolidated financial statements. The pro forma adjustments reflect the elimination of results of operations and disposition of assets and liabilities directly attributable to the Disposed Entities, the receipt of Transaction consideration net of estimated Transaction and closing costs, recognition of gain on sale, and contractual arrangements entered into in connection with the Transaction.

**STANDARD BIOTOOLS INC.**

**UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET**

**As of September 30, 2025**

*(in thousands)*

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Standard<br> BioTools Inc.<br> (as reported)** | **Pro Forma<br> Adjustments** | **Note 2** | **Pro Forma** |
| ASSETS |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Current assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $129418 | $348876 | A | $478294 |
| &nbsp;&nbsp;&nbsp;Short-term investments | 65485 |  |  | 65485 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 13536 |  |  | 13536 |
| &nbsp;&nbsp;&nbsp;Inventory | 25418 |  |  | 25418 |
| &nbsp;&nbsp;&nbsp;Contingent consideration |  | 25000 | B | 25000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 7906 |  |  | 7906 |
| &nbsp;&nbsp;&nbsp;Current assets held for sale | 230676 | (230676) | C | - |
| Total current assets | 472439 | 143200 |  | 615639 |
| Property and equipment, net | 20738 |  |  | 20738 |
| Operating lease right-of-use asset, net | 23453 |  |  | 23453 |
| Other non-current assets | 3521 |  |  | 3521 |
| Long-term investments | 19485 |  |  | 19485 |
| Non-current assets held for sale | - | - |  | - |
| &nbsp;&nbsp;&nbsp;Total assets | $539636 | $143200 |  | $682836 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
| Current liabilities: |  |  |  |  |
| Accounts payable | $6619 | $- |  | $6619 |
| Accrued liabilities | 30810 | 6928 | D | 37738 |
| Operating lease liabilities, current | 5113 |  |  | 5113 |
| Deferred revenue, current | 40111 | (29891) | E | 10220 |
| Deferred grant income, current | 3098 |  |  | 3098 |
| Current liabilities held for sale | 22214 | (22214) | C | - |
| Total current liabilities | 107965 | (45177) |  | 62788 |
| Convertible notes, non-current | 299 |  |  | 299 |
| Deferred tax liability | 1139 |  |  | 1139 |
| Operating lease liabilities, non-current | 21977 |  |  | 21977 |
| Deferred revenue, non-current | 2366 |  |  | 2366 |
| Deferred grant income, non-current | 5031 |  |  | 5031 |
| Other non-current liabilities | 1200 | 3297 | F | 4497 |
| Non-current liabilities held for sale | - | - |  | - |
| Total liabilities | 139977 | (41879) |  | 98098 |
| Commitments and contingencies (Note 1) |  |  |  |  |
| Stockholders' equity: |  |  |  |  |
| Preferred stock: $0.001 par value, 10,000 shares authorized; no shares issued and outstanding |  |  |  |  |
| Common stock: $0.001 par value, 600,000 shares authorized; 402,194 shares issued; 383,614 shares outstanding | 401 |  |  | 401 |
| Additional paid-in capital | 1726032 |  |  | 1726032 |
| Accumulated other comprehensive loss | (477) |  |  | (477) |
| Accumulated deficit | (1279830) | 185079 | G | (1094751) |
| Treasury stock at cost: 18,580 shares | (46467) | - |  | (46467) |
| Total stockholders' equity | 399659 | 185079 |  | 584738 |
| Total liabilities and stockholders' equity | $539636 | $143200 |  | $682836 |

---

See accompanying notes

**STANDARD BIOTOOLS INC.**

**UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS**

**For the nine months ended September 30, 2025**

*(in thousands)*

---

| | | | |
|:---|:---|:---|:---|
|  | **Standard<br> BioTools Inc.<br> (as reported)** | **Pro Forma<br> Adjustments** | **Pro Forma** |
| Revenue: |  |  |  |
| &nbsp;&nbsp;&nbsp;Product revenue | $44254 | $- | $44254 |
| &nbsp;&nbsp;&nbsp;Services and other revenue | 17282 | - | 17282 |
| Total revenue | 61536 | - | 61536 |
| Cost of revenue: |  |  |  |
| &nbsp;&nbsp;&nbsp;Cost of product revenue | 20767 |  | 20767 |
| &nbsp;&nbsp;&nbsp;Cost of services and other revenue | 9608 | - | 9608 |
| Total cost of revenue | 30375 | - | 30375 |
| Gross profit | 31161 |  | 31161 |
| Operating expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 18018 |  | 18018 |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 84524 |  | 84524 |
| &nbsp;&nbsp;&nbsp;Restructuring and related charges | 12707 |  | 12707 |
| &nbsp;&nbsp;&nbsp;Transaction and integration expenses | 1517 | - | 1517 |
| Total operating expenses | 116766 | - | 116766 |
| Loss from operations | (85605) |  | (85605) |
| Bargain purchase gain |  |  |  |
| Interest income | 7517 |  | 7517 |
| Interest expense | (21) |  | (21) |
| Other (expense) income, net | 3438 | - | 3438 |
| Loss before income taxes | (74671) |  | (74671) |
| Income tax (expense) benefit | 1944 | - | 1944 |
| Net loss from continuing operations | $(72727) | $- | $(72727) |
| Net loss per share, basic and diluted | (0.19) | - | (0.19) |
| Shares used in computing net loss per share, basic and diluted | 380468 |  | 380468 |

---

See accompanying notes

**STANDARD BIOTOOLS INC.**

**UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS**

**For the year ended December 31, 2024**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Standard<br> BioTools Inc.<br> (as reported)** | **Pro Forma<br> Adjustments** | **Note 2** | **Pro Forma** |
| Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Product revenue | $88568 | $(23139) | H | $65429 |
| &nbsp;&nbsp;&nbsp;Services revenue | 81133 | (56164) | H | 24969 |
| &nbsp;&nbsp;&nbsp;Collaboration and other revenue | 4731 | (4121) | H | 610 |
| Total revenue | 174432 | (83424) |  | 91008 |
| Cost of revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cost of product revenue | 47729 | (17077) | H | 30652 |
| &nbsp;&nbsp;&nbsp;Cost of services revenue | 42265 | (26792) | H | 15473 |
| &nbsp;&nbsp;&nbsp;Cost of collaboration and other revenue | 176 | (176) | H | - |
| Total cost of revenue | 90170 | (44045) |  | 46125 |
| Gross profit | 84262 | (39379) |  | 44883 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 62411 | (33580) | H | 28831 |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative | 156608 | (56700) | H, I | 99908 |
| &nbsp;&nbsp;&nbsp;Restructuring and related charges | 12500 |  |  | 12500 |
| &nbsp;&nbsp;&nbsp;Transaction and integration expenses | 27979 | - |  | 27979 |
| Total operating expenses | 259498 | (90280) |  | 169218 |
| Loss from operations | (175236) | 50901 |  | (124335) |
| Bargain purchase gain | 25213 |  |  | 25213 |
| Interest income | 20199 |  |  | 20199 |
| Interest expense | (3316) |  |  | (3316) |
| Other (expense) income, net | (5172) | 164 | H | (5008) |
| Loss before income taxes | (138312) | 51065 |  | (87247) |
| Income tax (expense) benefit | (573) | 31 | H | (542) |
| Net loss | (138885) | 51096 |  | (87789) |
| Induced conversion of redeemable preferred stock | (46014) | - |  | (46014) |
| Net loss attributable to common stockholders | $(184899) | $51096 |  | $(133803) |
| Net loss per share, basic and diluted | $(0.52) |  |  | $(0.38) |
| Shares used in computing net loss per share, basic and diluted | 353245 |  |  | 353245 |

---

See accompanying notes

**1. Description of the Disposition and Basis of Presentation**

**Transaction Overview**

On January 30, 2026, the Company completed the sale of the Disposed Entities to Illumina pursuant to the Purchase Agreement for approximately $363.7 million in net cash. The total consideration received by the Company from Illumina at closing is subject to customary post-closing adjustments as set forth in the Purchase Agreement. In addition, the Company is eligible to receive up to $75 million in earnout payments, consisting of up to $25 million based on fiscal year 2025 performance and up to $50 million based on fiscal year 2026 performance, in each case payable upon the achievement of specified targets for net revenue generated from SomaScan assay services or any other SOMAmer-based assay services and sales of SOMAmer-based array kits and SOMAmer-based NGS library preparation kits.

Consideration received upon closing of the Transaction was calculated as follows:

---

| | |
|:---|:---|
| Cash consideration (net) | $363685 |
| Transaction expenses | (18365) |
| Net cash proceeds | 345320 |
| Realizable contingent consideration (i) | 25000 |
| Net consideration received | $370320 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Represents the realizable value of the contingent consideration based on revenues earned in 2025. The Company is eligible to receive an additional $50.0 million contingent upon achievement of specified revenue thresholds during fiscal year 2026.

**Basis of Presentation**

The unaudited pro forma condensed consolidated financial statements have been prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed consolidated balance sheet as of September 30, 2025 gives effect to the Transaction as if it had occurred on September 30, 2025. The unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2024 gives effect to the Transaction as if it had occurred on January 1, 2024. The pro forma adjustments, which are further described in Note 2, include:

&nbsp;&nbsp;&nbsp;&nbsp;· Elimination of results of operations and disposition of assets and liabilities
directly attributable to the Disposed Entities;

&nbsp;&nbsp;&nbsp;&nbsp;· Receipt of Transaction consideration, net of Transaction and closing costs;

&nbsp;&nbsp;&nbsp;&nbsp;· Recognition of gain on sale;

&nbsp;&nbsp;&nbsp;&nbsp;· Contractual arrangements entered into in connection with the Transaction,
including a transition services agreement with Illumina, and Transaction bonuses payable to certain employees upon closing.

The Company determined that the Disposed Entities met the held-for-sale criteria under ASC 360, *Property, Plant, and Equipment*, and the discontinued operations criteria under ASC 205, *Presentation of Financial Statements*, during the second quarter of 2025. Accordingly, the Company's Quarterly Report on Form 10-Q for the nine months ended September 30, 2025 presented the Disposed Entities as held-for-sale and as discontinued operations for all periods presented. No pro forma adjustments to the statement of operations for the nine months ended September 30, 2025 were necessary, as that period already reflects the full effect of removing the Disposed Entities from continued operations presentation.

Because the historical statement of operations for the year ended December 31, 2024 does not reflect discontinued operations presentation, the pro forma adjustments include the full effect of removing the Disposed Entities from continuing operations. Additionally, as the Disposed Entities were acquired by the Company in January 2024, the Company's historical consolidated financial statements for periods prior to the acquisition do not include the operations of the Disposed Entities and no pro forma adjustments are necessary for the years ended December 31, 2023 or 2022.

**2. Pro Forma Adjustments**

The pro forma adjustments reflected in the accompanying unaudited pro forma condensed consolidated financial statements are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;A) Reflects the estimated cash consideration received upon closing of the Transaction and the settlement of retention bonuses paid by
the Company, as follows:

---

| | |
|:---|:---|
| Cash consideration (net) | $363685 |
| Less: Transaction expenses settled at close | (14810) |
| Pro forma adjustment to Cash and cash equivalents | $348876 |

---

&nbsp;&nbsp;&nbsp;&nbsp;B) Reflects recognition of a contingent consideration asset at its estimated realizable value of $25.0 million as of the closing date. The realizable value was estimated based on revenue targets that were achieved during fiscal year 2025. The Company is eligible to receive
an additional $50.0 million contingent upon the achievement of specified revenue thresholds during fiscal year 2026.

&nbsp;&nbsp;&nbsp;&nbsp;C) Reflects the disposition of assets and liabilities directly attributable to the Disposed Entities which were classified as held-for-sale
as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;D) Reflects the recognition of accrued expenses as follows:

---

| | |
|:---|:---|
| Transaction expenses | $3555 |
| Retention bonuses | 1073 |
| Taxes payable | 2300 |
| Pro forma adjustment to Accrued liabilities | $6928 |

---

&nbsp;&nbsp;&nbsp;&nbsp;E) Eliminates deferred revenue associated with the Collaboration Agreement between SomaLogic and Illumina, which was assumed by Illumina
concurrent with completion of the Transaction. Upon assumption, the Company's remaining performance obligations were extinguished, resulting
in the recognition of previously deferred revenue under ASC 606, Revenue from Contracts with Customers. The related revenue is reflected
in discontinued operations and therefore excluded from the pro forma presentation of continuing operations. The remaining deferred revenue
balance, both current and non-current, relates to the separate business operations of the Company and is not related to the Disposed Entities
or the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;F) Reflects the recognition of an indemnification liability associated
with the potential future settlement of contingent payments to former employees of SomaLogic.

&nbsp;&nbsp;&nbsp;&nbsp;G) Reflects the gain on sale as a result of the Transaction, as well as the impact to accumulated deficit resulting from the
 recognition of previously deferred revenue associated with the Collaboration Agreement (Note 2E), the recognition of accrued
 expenses for retention bonuses and taxes payable upon completion of the Transaction (Note 2D), and the recognition of the
 indemnification liability (Note 2F). The gain on sale resulting from the completion of the Transaction was calculated as
 follows:

---

| | |
|:---|:---|
| Net consideration received | $370320 |
| Net assets divested | 208462 |
| Gain on sale | $161858 |

---

&nbsp;&nbsp;&nbsp;&nbsp;H) Reflects the elimination of revenues, costs, and expenses directly attributable to the Disposed Entities. This adjustment is necessary
for the year ended December 31, 2024 as the historical 10-K balances did not yet reflect discontinued operations presentation. No
adjustment is necessary for the nine months ended September 30, 2025 as that period already reflects discontinued operations presentation.

&nbsp;&nbsp;&nbsp;&nbsp;I) Reflects income to be received under a transition services agreement with Illumina, which is assumed to commence on January 1,
2024 for purposes of the pro forma statements of operations. The pro forma adjustment offsets selling, general, and administrative expense
by $3.2 million for the year ended December 31, 2024. The transition services agreement has a term of six months; accordingly, no
adjustment is necessary for the nine months ended September 30, 2025.