TuHURA (HURA) closes merger with Kineta and files Exhibits 99.1/99.2
Rhea-AI Filing Summary
TuHURA Biosciences completed the acquisition of Kineta, Inc. on June 30, 2025 under the Agreement and Plan of Merger dated December 11, 2024, as amended May 5, 2025. The transaction was structured as a two-step series of mergers: Merger Sub I merged into Kineta (the Surviving Entity), which then merged into Merger Sub II, with Merger Sub II surviving.
This Form 8-K/A amends TuHURA’s original June 30, 2025 report to furnish Item 9.01 financial disclosures. The amendment attaches Kineta’s unaudited consolidated financial statements as of March 31, 2025 and December 31, 2024 as Exhibit 99.1 and provides unaudited pro forma condensed combined financial information for TuHURA as Exhibit 99.2, including a pro forma balance sheet and statements of operations on the noted dates and periods. The filing notes substantially the same financial statements were previously included in TuHURA’s Form S-4, declared effective May 14, 2025. The amendment is signed by CFO Dan Dearborn.
Positive
- Acquisition completed: TuHURA completed the mergers to acquire Kineta on June 30, 2025 under the amended Merger Agreement dated Dec 11, 2024 (amended May 5, 2025).
- Target financials provided: Unaudited consolidated financial statements of Kineta as of March 31, 2025 and December 31, 2024 are attached as Exhibit 99.1.
- Pro forma information filed: Unaudited pro forma condensed combined balance sheet and statements of operations for TuHURA are attached as Exhibit 99.2, including notes to pro forma statements.
- Prior disclosures referenced: Substantially the same financial statements were included in TuHURA’s Form S-4, declared effective May 14, 2025, supporting consistency of disclosures.
Negative
- None.
Insights
TL;DR: TuHURA closed the Kineta acquisition and has filed the target's unaudited financials plus pro forma combined statements for investor review.
This amendment supplies the financial exhibits investors need to assess the transaction: Kineta's unaudited consolidated statements and pro forma condensed combined financial information for TuHURA. The filing confirms prior S-4 disclosure (declared effective May 14, 2025), reducing disclosure gaps and enabling analysis of pro forma balance and operating results as if the Transactions and earlier reverse merger were consummated on the pro forma dates.
Impact assessment: Impactful for transparency; rating: 0 (neutral) because the amendment provides required information but does not by itself change operating results.
TL;DR: The two-step merger closed June 30, 2025; this 8-K/A supplies Item 9.01 exhibits (Exhibits 99.1 and 99.2) required after closing.
The described structure—a first merger leaving Kineta as the surviving entity followed by a second merger into Merger Sub II—is a common reverse triangular sequence for stock-for-stock or statutory combination transactions. Filing the acquired company's interim and historical unaudited statements and the pro forma combined financials is standard post-closing compliance, helping stakeholders verify accounting consolidation and pro forma adjustments tied to the Transactions and the earlier Kintara reverse merger.
Impact assessment: Impactful from a disclosure and compliance perspective; rating: 0 (neutral) since the documents provide transparency but do not assert financial performance changes beyond the pro forma presentation.