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[8-K] TuHURA Biosciences, Inc./NV Reports Material Event

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

TuHURA Biosciences (HURA) entered a secured bridge loan facility of up to $3,000,000, with an initial $1,500,000 advance, to fund working capital. The loan bears interest at 3% per month and is due on the earlier of December 31, 2025 or 30 days after closing an equity financing with gross cash proceeds exceeding $12,000,000. A $180,000 loan fee is payable at maturity, and prepayment is allowed without penalty.

The facility is secured by a first priority perfected security interest in U.S. patents related to TuHURA’s ImmuneFx technology platform. In connection with each advance, the lender receives warrants equal to 10% of the loan amount divided by the exercise price set at the Nasdaq Official Closing price on the grant date. On the initial advance date, TuHURA issued a warrant to purchase up to 65,217 shares, immediately exercisable and expiring two years from issuance.

Positive
  • None.
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Insights

TuHURA adds short-term cash via a high-cost, patent-secured bridge.

TuHURA obtained up to $3,000,000 in secured bridge financing, with an initial draw of $1,500,000. The debt accrues interest at 3% per month and carries a $180,000 fee at maturity. Collateral is a first-priority security interest in U.S. patents tied to the ImmuneFx platform.

Maturity is the earlier of December 31, 2025 or 30 days after an equity raise exceeding $12,000,000. Each advance includes a warrant grant sized at 10% of the advance divided by the exercise price set to the Nasdaq Official Closing price at issuance; the initial warrant covers up to 65,217 shares and is immediately exercisable for two years.

Key dependencies are lender advances within the 30‑day availability window and any qualifying equity financing that could accelerate repayment. Subsequent filings may specify additional draws or warrant issuances tied to further advances.

0001498382falseTuHURA BIOSCIENCES, INC./NV00014983822025-10-272025-10-27

 

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): October 27, 2025

TUHURA BIOSCIENCES, INC.

(Exact name of Registrant as Specified in Its Charter)

 

Nevada

001-37823

99-0360497

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

10500 University Center Dr., Suite 110

Tampa, Florida 33612

(Address of Principal Executive Offices, including zip code)

Registrant’s Telephone Number, Including Area Code: (813) 875-6600

 

N/A

(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

Trading
Symbol(s)


Name of each exchange on which registered

Common Stock, $0.001 par value per share

 

HURA

The Nasdaq Capital Market

 

 


 

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 1.01 Entry into a Material Definitive Agreement.

 

Bridge Loan Transaction

 

On October 27, 2025, TuHURA Biosciences, Inc. (the “Company”) entered into a Secured Promissory Note and Loan Agreement (the “Loan Agreement”) with the Matthew Nachtrab Revocable Trust dated 12/18/2014 (the “Lender”). Pursuant to the terms of the Loan Agreement, the Lender agreed to make loans to the Company in an aggregate principal amount of up to $3,000,000 (the “Loans”) during a 30-day availability period beginning on the date of the Loan Agreement. The Lender advanced the first loan to the Company in the amount of $1,500,000 simultaneously with the execution of the Loan Agreement (the “Initial Advance”), and upon advance notice by the Company in accordance with the terms therein, may loan up to an additional $1,500,000. The Loans will be used by the Company for working capital purposes.

 

The outstanding principal, plus any accrued and unpaid interest, of the Loans will be due and payable on the earlier of December 31, 2025 or on the date that is 30 days following the successful closing of an equity financing in which the Company receives gross cash proceeds in excess of $12,000,000. The outstanding principal amount of the Loans will bear an interest rate of 3% per month, payable in arrears on the maturity date. The Company may prepay all or a portion of the outstanding principal and accrued but unpaid interest under the Loan Agreement at any time without a prepayment fee. The Loan Agreement also provides for a $180,000 loan fee payable to the Lender on the maturity date.

 

The Loan Agreement provides for customary representations, warranties and covenants made by each the Company and the Lender. The Loan Agreement is secured by a first priority perfected security interest in U.S patents owned by the Company related to its ImmuneFxTM technology platform.

 

In addition, in connection with each loan advance made pursuant to the Loan Agreement, the Company will issue to the Lender a warrant to purchase shares of the Company’s common stock (each, a “Lender Warrant”) equal to 10% of the applicable loan advance divided by the exercise price, which shall be equal to the Nasdaq Official Closing price on such date of issuance, subject to adjustment in certain circumstances. On the date of the Initial Advance, the Company issued a Lender Warrant to the Lender to purchase up to 65,217 shares of common stock. Each Lender Warrant will be immediately exercisable and will expire on the date that is two years from the date of issuance.

 

The foregoing descriptions of the Loan Agreement and the Lender Warrant, are summary in nature and are each qualified by reference to the full text of each, copies of which are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth under Item 1.01 above is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No

10.1 Secured Promissory Note and Loan Agreement

10.2 Form of Lender Warrant

104 Cover 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.

TUHURA BIOSCIENCES, INC.

Date:

October 31, 2025

By:

/s/ Dan Dearborn

Name: Dan Dearborn
Title: Chief Financial Officer

 

 


FAQ

What financing did TuHURA Biosciences (HURA) announce?

TuHURA entered a secured bridge loan of up to $3,000,000, with an initial $1,500,000 advance for working capital.

What are the key terms of HURA’s bridge loan?

The loan bears 3% per month interest, a $180,000 fee at maturity, and may be prepaid at any time without a prepayment fee.

When is the TuHURA loan due?

The outstanding principal and interest are due on December 31, 2025 or 30 days after an equity financing with gross proceeds over $12,000,000.

What collateral secures HURA’s bridge loan?

It is secured by a first priority perfected security interest in U.S. patents related to the ImmuneFx technology platform.

What warrants were issued with the financing?

For each advance, TuHURA issues warrants equal to 10% of the advance divided by the exercise price. The initial warrant covers up to 65,217 shares, immediately exercisable for two years.

What triggers early repayment of the TuHURA loan?

Repayment is triggered 30 days after a successful equity financing where TuHURA receives gross cash proceeds in excess of $12,000,000.
TuHURA Biosciences

NASDAQ:HURA

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HURA Stock Data

126.74M
32.81M
31.03%
12.88%
4.66%
Biotechnology
Pharmaceutical Preparations
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United States
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