On September 9, 2024 Kintara Therapeutics, Inc. (Nasdaq: KTRA) ("Kintara") a biopharmaceutical company focused on the development of new solid tumor cancer therapies, reported all stockholders to vote at the upcoming Special Meeting of Stockholders (the "Special Meeting") to allow for completion of the proposed merger (the "Merger") with TuHURA Biosciences, Inc. ("TuHURA") (Press release, Kintara Therapeutics, SEP 9, 2024, View Source [SID1234646436]). As previously announced, Kintara entered into a definitive agreement (the "Merger Agreement") for an all-stock transaction with TuHURA to form a company combining expertise and resources to advance a risk diversified late-stage oncology pipeline.
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The Special Meeting will be held virtually on Friday, September 20, 2024, at 9:00 a.m., Eastern Time via live audio webcast. In order to attend, register in advance at www.viewproxy.com/kintarasm/2024 by 11:59 p.m., Eastern Time, on September 19, 2024.
Under the terms of the Merger Agreement, subject to stockholder approval, on a pro forma basis, pre-Merger Kintara equityholders are expected to collectively own up to approximately 2.85% (or approximately 5.45% including the shares underlying the contingent value rights (CVR) to be received by certain of Kintara’s equityholders as set forth in the Merger Agreement), of the common stock of post-Merger combined company on a pro forma fully diluted basis. Pre-Merger TuHURA equityholders are expected to collectively own approximately 97.15% (or 94.55% after giving effect to the issuance of the CVR shares), of the common stock of combined company on a pro forma fully diluted basis. The combined company is expected to operate under the name "TuHURA Biosciences, Inc." and to trade on The Nasdaq Capital Market under the ticker "HURA." The transaction is subject to customary closing conditions, including stockholder approval of both companies, and is expected to close in the third quarter of 2024.
For more information, please see the definitive proxy statement and final prospectus filed by Kintara with the Securities and Exchange Commission (the "SEC") on August 19, 2024.
Stockholders must ACTIVELY VOTE by 11:59 p.m., Eastern Time, on September 19, 2024, for their vote to count. Stockholders as of the close of business on August 14, 2024, are entitled to vote, even if they no longer own the shares. Stockholders who have previously submitted their proxy or otherwise voted and who do not want to change their vote need not take any action.