STOCK TITAN

[8-K] Cidara Therapeutics, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Cidara Therapeutics, Inc. (Nasdaq: CDTX) filed a Form 8-K detailing the results of its 2025 Annual Meeting held on 18 June 2025.

Shareholders doubled the company’s authorized common stock to 100 million shares by approving a Certificate of Amendment to the Amended & Restated Certificate of Incorporation, effective the same day. This action increases the pool of shares available for future financings, strategic transactions, and employee equity grants but also raises dilution capacity for existing holders.

Investors also expanded the 2024 Equity Incentive Plan by 2.88 million shares, endorsing additional stock-based compensation tools to attract and retain talent. Key plan documents are included as Exhibit 10.1.

Director & governance items: Class I directors Jeffrey Stein, Bonnie Bassler, and Ryan Spencer were re-elected to terms expiring in 2028. Ernst & Young LLP was ratified as auditor for FY-2025. An advisory “say-on-pay” resolution for named executive officer compensation passed with 8.08 million votes in favor versus 2.75 million against.

Voting mechanics: As of the 21 April 2025 record date, 12.55 million common shares and 35,517 Series A preferred shares (2.49 million common equivalent) were entitled to vote. Proposal 2 (share authorization increase) received 13.04 million votes for (≈99.1%), while Proposal 3 (equity plan) passed with 7.79 million votes for (≈72.0%).

Exhibits: 3.1 Certificate of Amendment; 10.1 amended equity plan documents; 104 Inline XBRL cover page file.

Investor takeaway: The filing signals board and shareholder alignment on providing CDTX with significantly greater equity financing flexibility, but it simultaneously heightens potential dilution risk for current shareholders.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) ha depositato un modulo 8-K con i risultati della sua Assemblea Annuale 2025 tenutasi il 18 giugno 2025.

Gli azionisti hanno raddoppiato il capitale sociale autorizzato a 100 milioni di azioni approvando un Certificato di Emendamento al Certificato di Incorporazione Modificato e Ristabilito, con efficacia immediata. Questa misura aumenta il numero di azioni disponibili per futuri finanziamenti, operazioni strategiche e assegnazioni azionarie ai dipendenti, ma incrementa anche la capacità di diluizione per gli azionisti attuali.

Gli investitori hanno inoltre ampliato il Piano di Incentivi Azionari 2024 di 2,88 milioni di azioni, approvando strumenti aggiuntivi di compensazione basati su azioni per attrarre e trattenere talenti. I documenti chiave del piano sono inclusi come Allegato 10.1.

Elementi di governance e consiglio: I direttori di Classe I Jeffrey Stein, Bonnie Bassler e Ryan Spencer sono stati rieletti per mandati che scadranno nel 2028. Ernst & Young LLP è stata confermata come revisore per l’anno fiscale 2025. Una risoluzione consultiva “say-on-pay” relativa alla retribuzione dei dirigenti nominati è stata approvata con 8,08 milioni di voti favorevoli contro 2,75 milioni contrari.

Meccanismi di voto: Alla data record del 21 aprile 2025, 12,55 milioni di azioni ordinarie e 35.517 azioni privilegiate Serie A (equivalenti a 2,49 milioni di azioni ordinarie) avevano diritto di voto. La Proposta 2 (aumento dell’autorizzazione azionaria) ha ricevuto 13,04 milioni di voti favorevoli (circa il 99,1%), mentre la Proposta 3 (piano azionario) è stata approvata con 7,79 milioni di voti favorevoli (circa il 72,0%).

Allegati: 3.1 Certificato di Emendamento; 10.1 documenti modificati del piano azionario; 104 file di copertina Inline XBRL.

Conclusione per gli investitori: Il deposito indica un allineamento tra consiglio e azionisti nel fornire a CDTX una maggiore flessibilità di finanziamento azionario, aumentando però al contempo il rischio di diluizione per gli azionisti attuali.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) presentó un Formulario 8-K detallando los resultados de su Reunión Anual 2025 celebrada el 18 de junio de 2025.

Los accionistas duplicaron las acciones comunes autorizadas a 100 millones mediante la aprobación de un Certificado de Enmienda al Certificado de Incorporación Modificado y Restablecido, con efecto el mismo día. Esta acción incrementa el número de acciones disponibles para futuras financiaciones, transacciones estratégicas y otorgamientos de acciones a empleados, pero también aumenta la capacidad de dilución para los accionistas existentes.

Los inversores también ampliaron el Plan de Incentivos de Acciones 2024 en 2,88 millones de acciones, respaldando herramientas adicionales de compensación basada en acciones para atraer y retener talento. Los documentos clave del plan se incluyen como Anexo 10.1.

Temas de directorio y gobernanza: Los directores de Clase I Jeffrey Stein, Bonnie Bassler y Ryan Spencer fueron reelegidos para mandatos que expiran en 2028. Ernst & Young LLP fue ratificada como auditor para el año fiscal 2025. Una resolución consultiva “say-on-pay” sobre la compensación de ejecutivos nombrados fue aprobada con 8,08 millones de votos a favor frente a 2,75 millones en contra.

Mecánica de votación: A la fecha registro del 21 de abril de 2025, 12,55 millones de acciones comunes y 35.517 acciones preferentes Serie A (equivalentes a 2,49 millones de acciones comunes) tenían derecho a voto. La Propuesta 2 (aumento de autorización de acciones) recibió 13,04 millones de votos a favor (≈99,1%), mientras que la Propuesta 3 (plan de acciones) fue aprobada con 7,79 millones de votos a favor (≈72,0%).

Anexos: 3.1 Certificado de Enmienda; 10.1 documentos modificados del plan de acciones; 104 archivo de portada Inline XBRL.

Conclusión para inversores: La presentación indica una alineación entre la junta y los accionistas para proporcionar a CDTX una flexibilidad significativamente mayor en financiamiento mediante acciones, aunque simultáneamente aumenta el riesgo de dilución para los accionistas actuales.

Cidara Therapeutics, Inc. (나스닥: CDTX)는 2025년 6월 18일에 개최된 2025년 연례 주주총회 결과를 자세히 설명하는 Form 8-K를 제출했습니다.

주주들은 회사의 승인된 보통주 주식 수를 1억 주로 두 배로 늘리는 수정 및 재작성된 정관에 대한 수정 증명서를 승인했으며, 이는 같은 날 발효되었습니다. 이 조치는 향후 자금 조달, 전략적 거래 및 직원 주식 부여를 위한 주식 풀을 확대하는 동시에 기존 주주들의 희석 가능성도 증가시킵니다.

투자자들은 또한 2024년 주식 인센티브 계획을 288만 주 확대하여 인재 유치 및 유지를 위한 추가 주식 기반 보상 도구를 승인했습니다. 주요 계획 문서는 부록 10.1에 포함되어 있습니다.

이사 및 거버넌스 항목: 클래스 I 이사인 Jeffrey Stein, Bonnie Bassler, Ryan Spencer가 2028년까지 임기가 만료되는 이사로 재선임되었습니다. Ernst & Young LLP가 2025 회계연도 감사인으로 재확인되었습니다. 명명된 임원 보상에 관한 자문적 “say-on-pay” 결의안은 찬성 808만 표, 반대 275만 표로 통과되었습니다.

투표 절차: 2025년 4월 21일 기준일 현재 1,255만 주의 보통주와 35,517주의 시리즈 A 우선주(보통주 환산 약 249만 주)가 투표권을 보유했습니다. 제안 2(주식 승인 증가)는 약 1,304만 표(약 99.1%)의 찬성을 받았으며, 제안 3(주식 계획)은 약 779만 표(약 72.0%)의 찬성으로 통과되었습니다.

첨부 문서: 3.1 수정 증명서; 10.1 수정된 주식 계획 문서; 104 인라인 XBRL 표지 파일.

투자자 요점: 이번 제출은 CDTX에 훨씬 더 큰 주식 자금 조달 유연성을 제공하는 데 있어 이사회와 주주 간의 일치를 나타내지만, 동시에 현재 주주들에게 희석 위험이 높아짐을 의미합니다.

Cidara Therapeutics, Inc. (Nasdaq : CDTX) a déposé un formulaire 8-K détaillant les résultats de son assemblée générale annuelle 2025 tenue le 18 juin 2025.

Les actionnaires ont doublé le nombre d’actions ordinaires autorisées à 100 millions d’actions en approuvant un certificat de modification du certificat d’incorporation modifié et révisé, effectif le même jour. Cette mesure augmente le nombre d’actions disponibles pour les futurs financements, transactions stratégiques et attributions d’actions aux employés, mais accroît également la capacité de dilution pour les détenteurs actuels.

Les investisseurs ont également élargi le plan d’incitation en actions 2024 de 2,88 millions d’actions, adoptant des outils supplémentaires de rémunération en actions pour attirer et retenir les talents. Les documents clés du plan sont inclus en Annexe 10.1.

Points relatifs aux administrateurs et à la gouvernance : Les administrateurs de classe I Jeffrey Stein, Bonnie Bassler et Ryan Spencer ont été réélus pour des mandats expirant en 2028. Ernst & Young LLP a été ratifié en tant qu’auditeur pour l’exercice 2025. Une résolution consultative « say-on-pay » concernant la rémunération des dirigeants nommés a été adoptée par 8,08 millions de voix pour contre 2,75 millions contre.

Mécanique de vote : À la date d’enregistrement du 21 avril 2025, 12,55 millions d’actions ordinaires et 35 517 actions privilégiées de série A (soit l’équivalent de 2,49 millions d’actions ordinaires) avaient le droit de vote. La proposition 2 (augmentation de l’autorisation des actions) a reçu 13,04 millions de voix pour (≈99,1 %), tandis que la proposition 3 (plan d’actions) a été adoptée avec 7,79 millions de voix pour (≈72,0 %).

Pièces jointes : 3.1 certificat de modification ; 10.1 documents modifiés du plan d’actions ; 104 page de couverture Inline XBRL.

Conclusion pour les investisseurs : Le dépôt indique un alignement entre le conseil d’administration et les actionnaires pour offrir à CDTX une flexibilité nettement accrue en matière de financement par actions, tout en augmentant simultanément le risque potentiel de dilution pour les actionnaires actuels.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) hat ein Formular 8-K eingereicht, das die Ergebnisse seiner Jahreshauptversammlung 2025 vom 18. Juni 2025 detailliert darlegt.

Die Aktionäre haben die genehmigten Stammaktien des Unternehmens auf 100 Millionen Aktien verdoppelt, indem sie eine Änderungsurkunde zur geänderten und neu gefassten Satzung genehmigten, die am selben Tag in Kraft trat. Diese Maßnahme erhöht den Aktienbestand für zukünftige Finanzierungen, strategische Transaktionen und Mitarbeiterbeteiligungen, erhöht jedoch auch das Verwässerungspotenzial für bestehende Inhaber.

Die Investoren haben außerdem den Equity Incentive Plan 2024 um 2,88 Millionen Aktien erweitert und weitere aktienbasierte Vergütungsinstrumente zur Gewinnung und Bindung von Talenten genehmigt. Wichtige Plandokumente sind als Anlage 10.1 beigefügt.

Vorstands- und Governance-Punkte: Die Direktoren der Klasse I, Jeffrey Stein, Bonnie Bassler und Ryan Spencer, wurden für Amtszeiten bis 2028 wiedergewählt. Ernst & Young LLP wurde als Abschlussprüfer für das Geschäftsjahr 2025 bestätigt. Eine beratende „Say-on-Pay“-Resolution zur Vergütung der benannten Führungskräfte wurde mit 8,08 Millionen Stimmen für und 2,75 Millionen Stimmen gegen angenommen.

Abstimmungsmechanik: Zum Stichtag 21. April 2025 waren 12,55 Millionen Stammaktien und 35.517 Vorzugsaktien der Serie A (entspricht 2,49 Millionen Stammaktien) stimmberechtigt. Vorschlag 2 (Erhöhung der Aktiengenehmigung) erhielt 13,04 Millionen Stimmen dafür (≈99,1 %), während Vorschlag 3 (Aktienplan) mit 7,79 Millionen Stimmen dafür (≈72,0 %) angenommen wurde.

Anlagen: 3.1 Änderungsurkunde; 10.1 geänderte Plandokumente; 104 Inline-XBRL-Titelseite.

Fazit für Investoren: Die Einreichung signalisiert eine Übereinstimmung zwischen Vorstand und Aktionären, CDTX deutlich mehr Flexibilität bei der Eigenkapitalfinanzierung zu bieten, erhöht jedoch gleichzeitig das potenzielle Verwässerungsrisiko für bestehende Aktionäre.

Positive
  • Doubled authorized share capital gives CDTX flexibility to raise equity for R&D, partnerships or acquisitions without additional shareholder votes.
  • Equity incentive plan expansion supports talent retention and alignment with shareholders.
  • Auditor ratification and director re-election passed comfortably, indicating general shareholder confidence.
Negative
  • Increased dilution risk from potential issuance of up to 50 million additional shares plus 2.88 million new equity-plan shares.
  • Equity plan approval margin (≈72%) shows a meaningful minority of shareholders concerned about compensation dilution.

Insights

TL;DR: Governance proposals passed smoothly; board gains capital flexibility with shareholder approval.

The near-unanimous approval of the charter amendment and equity plan demonstrates strong shareholder confidence in management. Re-election of all Class I directors without meaningful opposition suggests no immediate governance concerns. The say-on-pay vote (≈75% support) is above the 70% threshold proxy advisers often consider acceptable, limiting compensation risk. From a governance standpoint, the company now possesses authorized share headroom to execute strategic initiatives without additional proxy solicitations—an efficiency benefit for both company and investors.

TL;DR: Share authorization doubled—greater dilution capacity outweighs short-term benefits.

The increase to 100 million authorized shares and 2.88 million additional equity-plan shares broaden CDTX’s financing arsenal but materially expand dilution potential relative to the current 12.5 million shares outstanding. If fully utilized, the new authorization represents an 8-fold issuance capacity. While added flexibility could support future capital raises for pipeline development, investors should monitor issuance pace and pricing closely. Support for the equity plan (~72% yes) was weaker than for other proposals, reflecting dilution worries already priced into shares. Overall effect skews negative for near-term valuation, but could be neutral if capital is deployed accretively.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) ha depositato un modulo 8-K con i risultati della sua Assemblea Annuale 2025 tenutasi il 18 giugno 2025.

Gli azionisti hanno raddoppiato il capitale sociale autorizzato a 100 milioni di azioni approvando un Certificato di Emendamento al Certificato di Incorporazione Modificato e Ristabilito, con efficacia immediata. Questa misura aumenta il numero di azioni disponibili per futuri finanziamenti, operazioni strategiche e assegnazioni azionarie ai dipendenti, ma incrementa anche la capacità di diluizione per gli azionisti attuali.

Gli investitori hanno inoltre ampliato il Piano di Incentivi Azionari 2024 di 2,88 milioni di azioni, approvando strumenti aggiuntivi di compensazione basati su azioni per attrarre e trattenere talenti. I documenti chiave del piano sono inclusi come Allegato 10.1.

Elementi di governance e consiglio: I direttori di Classe I Jeffrey Stein, Bonnie Bassler e Ryan Spencer sono stati rieletti per mandati che scadranno nel 2028. Ernst & Young LLP è stata confermata come revisore per l’anno fiscale 2025. Una risoluzione consultiva “say-on-pay” relativa alla retribuzione dei dirigenti nominati è stata approvata con 8,08 milioni di voti favorevoli contro 2,75 milioni contrari.

Meccanismi di voto: Alla data record del 21 aprile 2025, 12,55 milioni di azioni ordinarie e 35.517 azioni privilegiate Serie A (equivalenti a 2,49 milioni di azioni ordinarie) avevano diritto di voto. La Proposta 2 (aumento dell’autorizzazione azionaria) ha ricevuto 13,04 milioni di voti favorevoli (circa il 99,1%), mentre la Proposta 3 (piano azionario) è stata approvata con 7,79 milioni di voti favorevoli (circa il 72,0%).

Allegati: 3.1 Certificato di Emendamento; 10.1 documenti modificati del piano azionario; 104 file di copertina Inline XBRL.

Conclusione per gli investitori: Il deposito indica un allineamento tra consiglio e azionisti nel fornire a CDTX una maggiore flessibilità di finanziamento azionario, aumentando però al contempo il rischio di diluizione per gli azionisti attuali.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) presentó un Formulario 8-K detallando los resultados de su Reunión Anual 2025 celebrada el 18 de junio de 2025.

Los accionistas duplicaron las acciones comunes autorizadas a 100 millones mediante la aprobación de un Certificado de Enmienda al Certificado de Incorporación Modificado y Restablecido, con efecto el mismo día. Esta acción incrementa el número de acciones disponibles para futuras financiaciones, transacciones estratégicas y otorgamientos de acciones a empleados, pero también aumenta la capacidad de dilución para los accionistas existentes.

Los inversores también ampliaron el Plan de Incentivos de Acciones 2024 en 2,88 millones de acciones, respaldando herramientas adicionales de compensación basada en acciones para atraer y retener talento. Los documentos clave del plan se incluyen como Anexo 10.1.

Temas de directorio y gobernanza: Los directores de Clase I Jeffrey Stein, Bonnie Bassler y Ryan Spencer fueron reelegidos para mandatos que expiran en 2028. Ernst & Young LLP fue ratificada como auditor para el año fiscal 2025. Una resolución consultiva “say-on-pay” sobre la compensación de ejecutivos nombrados fue aprobada con 8,08 millones de votos a favor frente a 2,75 millones en contra.

Mecánica de votación: A la fecha registro del 21 de abril de 2025, 12,55 millones de acciones comunes y 35.517 acciones preferentes Serie A (equivalentes a 2,49 millones de acciones comunes) tenían derecho a voto. La Propuesta 2 (aumento de autorización de acciones) recibió 13,04 millones de votos a favor (≈99,1%), mientras que la Propuesta 3 (plan de acciones) fue aprobada con 7,79 millones de votos a favor (≈72,0%).

Anexos: 3.1 Certificado de Enmienda; 10.1 documentos modificados del plan de acciones; 104 archivo de portada Inline XBRL.

Conclusión para inversores: La presentación indica una alineación entre la junta y los accionistas para proporcionar a CDTX una flexibilidad significativamente mayor en financiamiento mediante acciones, aunque simultáneamente aumenta el riesgo de dilución para los accionistas actuales.

Cidara Therapeutics, Inc. (나스닥: CDTX)는 2025년 6월 18일에 개최된 2025년 연례 주주총회 결과를 자세히 설명하는 Form 8-K를 제출했습니다.

주주들은 회사의 승인된 보통주 주식 수를 1억 주로 두 배로 늘리는 수정 및 재작성된 정관에 대한 수정 증명서를 승인했으며, 이는 같은 날 발효되었습니다. 이 조치는 향후 자금 조달, 전략적 거래 및 직원 주식 부여를 위한 주식 풀을 확대하는 동시에 기존 주주들의 희석 가능성도 증가시킵니다.

투자자들은 또한 2024년 주식 인센티브 계획을 288만 주 확대하여 인재 유치 및 유지를 위한 추가 주식 기반 보상 도구를 승인했습니다. 주요 계획 문서는 부록 10.1에 포함되어 있습니다.

이사 및 거버넌스 항목: 클래스 I 이사인 Jeffrey Stein, Bonnie Bassler, Ryan Spencer가 2028년까지 임기가 만료되는 이사로 재선임되었습니다. Ernst & Young LLP가 2025 회계연도 감사인으로 재확인되었습니다. 명명된 임원 보상에 관한 자문적 “say-on-pay” 결의안은 찬성 808만 표, 반대 275만 표로 통과되었습니다.

투표 절차: 2025년 4월 21일 기준일 현재 1,255만 주의 보통주와 35,517주의 시리즈 A 우선주(보통주 환산 약 249만 주)가 투표권을 보유했습니다. 제안 2(주식 승인 증가)는 약 1,304만 표(약 99.1%)의 찬성을 받았으며, 제안 3(주식 계획)은 약 779만 표(약 72.0%)의 찬성으로 통과되었습니다.

첨부 문서: 3.1 수정 증명서; 10.1 수정된 주식 계획 문서; 104 인라인 XBRL 표지 파일.

투자자 요점: 이번 제출은 CDTX에 훨씬 더 큰 주식 자금 조달 유연성을 제공하는 데 있어 이사회와 주주 간의 일치를 나타내지만, 동시에 현재 주주들에게 희석 위험이 높아짐을 의미합니다.

Cidara Therapeutics, Inc. (Nasdaq : CDTX) a déposé un formulaire 8-K détaillant les résultats de son assemblée générale annuelle 2025 tenue le 18 juin 2025.

Les actionnaires ont doublé le nombre d’actions ordinaires autorisées à 100 millions d’actions en approuvant un certificat de modification du certificat d’incorporation modifié et révisé, effectif le même jour. Cette mesure augmente le nombre d’actions disponibles pour les futurs financements, transactions stratégiques et attributions d’actions aux employés, mais accroît également la capacité de dilution pour les détenteurs actuels.

Les investisseurs ont également élargi le plan d’incitation en actions 2024 de 2,88 millions d’actions, adoptant des outils supplémentaires de rémunération en actions pour attirer et retenir les talents. Les documents clés du plan sont inclus en Annexe 10.1.

Points relatifs aux administrateurs et à la gouvernance : Les administrateurs de classe I Jeffrey Stein, Bonnie Bassler et Ryan Spencer ont été réélus pour des mandats expirant en 2028. Ernst & Young LLP a été ratifié en tant qu’auditeur pour l’exercice 2025. Une résolution consultative « say-on-pay » concernant la rémunération des dirigeants nommés a été adoptée par 8,08 millions de voix pour contre 2,75 millions contre.

Mécanique de vote : À la date d’enregistrement du 21 avril 2025, 12,55 millions d’actions ordinaires et 35 517 actions privilégiées de série A (soit l’équivalent de 2,49 millions d’actions ordinaires) avaient le droit de vote. La proposition 2 (augmentation de l’autorisation des actions) a reçu 13,04 millions de voix pour (≈99,1 %), tandis que la proposition 3 (plan d’actions) a été adoptée avec 7,79 millions de voix pour (≈72,0 %).

Pièces jointes : 3.1 certificat de modification ; 10.1 documents modifiés du plan d’actions ; 104 page de couverture Inline XBRL.

Conclusion pour les investisseurs : Le dépôt indique un alignement entre le conseil d’administration et les actionnaires pour offrir à CDTX une flexibilité nettement accrue en matière de financement par actions, tout en augmentant simultanément le risque potentiel de dilution pour les actionnaires actuels.

Cidara Therapeutics, Inc. (Nasdaq: CDTX) hat ein Formular 8-K eingereicht, das die Ergebnisse seiner Jahreshauptversammlung 2025 vom 18. Juni 2025 detailliert darlegt.

Die Aktionäre haben die genehmigten Stammaktien des Unternehmens auf 100 Millionen Aktien verdoppelt, indem sie eine Änderungsurkunde zur geänderten und neu gefassten Satzung genehmigten, die am selben Tag in Kraft trat. Diese Maßnahme erhöht den Aktienbestand für zukünftige Finanzierungen, strategische Transaktionen und Mitarbeiterbeteiligungen, erhöht jedoch auch das Verwässerungspotenzial für bestehende Inhaber.

Die Investoren haben außerdem den Equity Incentive Plan 2024 um 2,88 Millionen Aktien erweitert und weitere aktienbasierte Vergütungsinstrumente zur Gewinnung und Bindung von Talenten genehmigt. Wichtige Plandokumente sind als Anlage 10.1 beigefügt.

Vorstands- und Governance-Punkte: Die Direktoren der Klasse I, Jeffrey Stein, Bonnie Bassler und Ryan Spencer, wurden für Amtszeiten bis 2028 wiedergewählt. Ernst & Young LLP wurde als Abschlussprüfer für das Geschäftsjahr 2025 bestätigt. Eine beratende „Say-on-Pay“-Resolution zur Vergütung der benannten Führungskräfte wurde mit 8,08 Millionen Stimmen für und 2,75 Millionen Stimmen gegen angenommen.

Abstimmungsmechanik: Zum Stichtag 21. April 2025 waren 12,55 Millionen Stammaktien und 35.517 Vorzugsaktien der Serie A (entspricht 2,49 Millionen Stammaktien) stimmberechtigt. Vorschlag 2 (Erhöhung der Aktiengenehmigung) erhielt 13,04 Millionen Stimmen dafür (≈99,1 %), während Vorschlag 3 (Aktienplan) mit 7,79 Millionen Stimmen dafür (≈72,0 %) angenommen wurde.

Anlagen: 3.1 Änderungsurkunde; 10.1 geänderte Plandokumente; 104 Inline-XBRL-Titelseite.

Fazit für Investoren: Die Einreichung signalisiert eine Übereinstimmung zwischen Vorstand und Aktionären, CDTX deutlich mehr Flexibilität bei der Eigenkapitalfinanzierung zu bieten, erhöht jedoch gleichzeitig das potenzielle Verwässerungsrisiko für bestehende Aktionäre.

0001610618false--12-3100016106182025-06-182025-06-18

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 18, 2025
  
Cidara Therapeutics, Inc.
(Exact name of registrant as specified in its charter)
 
 
 
Delaware 001-36912 46-1537286
(State or Other Jurisdiction of
Incorporation or Organization)
 (Commission File Number) (I.R.S. Employer
Identification Number)
 
6310 Nancy Ridge Drive, Suite 101
San Diego, California 92121
(858) 752-6170
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Par Value $0.0001 Per ShareCDTXThe Nasdaq Stock Market LLC

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



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 18, 2025, Cidara Therapeutics, Inc. (the “Company”) held its 2025 Annual Meeting of Stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders of the Company approved an amendment to the Cidara Therapeutics, Inc. 2024 Equity Incentive Plan (the “2024 Plan”) to, among other things, increase the number of shares of the Company’s common stock (the “Common Stock”) authorized for issuance under the 2024 Plan by 2,880,000 shares (the “Amended 2024 Plan”).
A more detailed summary of the material features of the Amended 2024 Plan is set forth in the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 25, 2025. That summary and the foregoing description are qualified in their entirety by reference to the Amended 2024 Plan, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
At the Annual Meeting, the stockholders of the Company approved an amendment to the Company’s Amended and Restated Certificate of Incorporation, as amended, to increase the authorized number of shares of Common Stock from 50,000,000 shares to 100,000,000 shares. The increase in the authorized number of shares of Common Stock was effected pursuant to a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) filed with the Secretary of State of the State of Delaware on June 18, 2025 and was effective as of such date. The foregoing description is qualified in its entirety by the Certificate of Amendment, which is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
As of April 21, 2025, the record date for the Annual Meeting, 12,546,698 shares of Common Stock were outstanding and entitled to vote at the Annual Meeting and 35,517 shares of the Company’s Series A Convertible Voting Preferred Stock were outstanding and entitled to vote at the Annual Meeting (resulting in 2,486,190 shares of Common Stock on an as-converted to Common Stock basis). A summary of the matters voted upon by stockholders at the Annual Meeting, as well as the final voting results (reflected on an as-converted to Common Stock basis), with respect to each matter, is set forth below.
Proposal 1. Election of Directors
The Company’s stockholders elected the three persons listed below as Class I Directors, each to serve until the Company’s 2028 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified. The final voting results are as follows:

 
Votes ForVotes WithheldBroker Non-Votes
Jeffrey Stein, Ph.D.10,808,69324,7282,327,079
Bonnie Bassler, Ph.D.8,180,8842,652,5372,327,079
Ryan Spencer10,809,69423,7272,327,079
Proposal 2. Approval of an Amendment to our Amended and Restated Certificate of Incorporation, as Amended, to Increase the Number of Authorized Shares of Common Stock
The Company’s stockholders approved the Certificate of Amendment to increase the total number of authorized shares of Common Stock from 50,000,000 shares to 100,000,000 shares. The final voting results are as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
13,042,27597,60120,624
Proposal 3. Approval of the Amended 2024 Plan
The Company’s stockholders approved the Amended 2024 Plan. The final voting results are as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
7,791,3283,033,0529,0412,327,079



Proposal 4. Ratification of the Appointment of Independent Registered Public Accounting Firm
The Company’s stockholders ratified the appointment of Ernst & Young LLP by the Audit Committee of the Company’s Board of Directors to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The final voting results are as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
13,144,23413,7522,514
Proposal 5. Approval, on an Advisory Basis, of the Compensation of the Company’s Named Executive Officers
The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s definitive proxy statement for the Annual Meeting. The final voting results are as follows:

Votes ForVotes AgainstAbstentionsBroker Non-Votes
8,077,4702,745,37410,5772,327,079
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
3.1
Certificate of Amendment to the Amended and Restated Certificate of Incorporation.
10.1
Cidara Therapeutics, Inc. 2024 Equity Incentive Plan, as amended, Form of Grant Notice, Stock Option Agreement and Notice of Exercise, and Form of Restricted Stock Unit Grant Notice and Restricted Stock Unit Award Agreement thereunder.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES
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.
 
 Cidara Therapeutics, Inc.
   
Date: June 20, 2025 /s/ Jeffrey Stein, Ph.D.
   Jeffrey Stein, Ph.D.
   President and Chief Executive Officer
(Principal Executive Officer)


FAQ

Why did Cidara Therapeutics (CDTX) double its authorized common shares?

Shareholders approved a charter amendment to raise the limit from 50 million to 100 million shares, giving the company more flexibility for future equity financing and corporate purposes.

How many additional shares were added to Cidara’s 2024 Equity Incentive Plan?

The plan was increased by 2,880,000 shares of common stock.

What was the voting outcome for the share authorization increase at CDTX?

Proposal 2 passed with 13,042,275 votes for, 97,601 against, and 20,624 abstentions—about 99.1% support.

Did shareholders approve the compensation of CDTX’s named executive officers?

Yes. The advisory say-on-pay resolution received 8,077,470 votes for and 2,745,374 against.

Who will audit Cidara Therapeutics for fiscal year 2025?

Ernst & Young LLP was ratified with 13,144,234 votes for.
Cidara Theraptcs

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582.99M
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Biotechnology
Biological Products, (no Disgnostic Substances)
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United States
SAN DIEGO