Shattuck Labs Terminates Material Agreement
Ticker: STTK · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1680367
| Field | Detail |
|---|---|
| Company | Shattuck Labs, Inc. (STTK) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.5 million, $1.75 m, $105.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, restructuring, financial-update
TL;DR
Shattuck Labs terminated a key deal, expect some exit costs.
AI Summary
Shattuck Labs, Inc. reported the termination of a material definitive agreement on September 30, 2024. The company also disclosed costs associated with exit or disposal activities. The filing also included other events and financial statements/exhibits.
Why It Matters
The termination of a material definitive agreement and associated exit costs can significantly impact a company's financial health and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of material agreements and associated costs can signal financial distress or strategic shifts, warranting closer examination.
Key Players & Entities
- Shattuck Labs, Inc. (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- 001-39593 (company) — SEC File Number
- 81-2575858 (company) — I.R.S. Employer Identification Number
- 500 W. 5th Street (location) — Principal executive offices address
- Austin, TX 78701 (location) — Principal executive offices address
- (512) 900-4690 (phone_number) — Registrant's telephone number
FAQ
What was the nature of the material definitive agreement that was terminated?
The filing states the termination of a material definitive agreement but does not specify its nature or the counterparty.
What are the estimated costs associated with the exit or disposal activities?
The filing mentions costs associated with exit or disposal activities but does not provide a specific dollar amount in the provided text.
What are the 'Other Events' mentioned in the filing?
The filing lists 'Other Events' as an item information category but does not detail what those events are in the provided text.
When was the termination of the material definitive agreement effective?
The earliest event reported is dated September 30, 2024, which is likely the effective date of the termination.
Does the filing provide any details on the financial impact of these events?
The filing indicates 'Financial Statements and Exhibits' are included, suggesting financial details may be present within the full document, but they are not explicitly quantified in the provided summary text.
Filing Stats: 787 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-10-01 06:36:29
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share STTK The Nasdaq Global Se
- $1.5 million — to incur restructuring charges between $1.5 million and $1.75 million, the majority of whic
- $1.75 m — turing charges between $1.5 million and $1.75 million, the majority of which are relate
- $105.3 million — Company had a balance of approximately $105.3 million in cash, cash equivalents and investmen
Filing Documents
- d845252d8k.htm (8-K) — 28KB
- d845252dex991.htm (EX-99.1) — 27KB
- 0001193125-24-229480.txt ( ) — 187KB
- sttk-20240930.xsd (EX-101.SCH) — 3KB
- sttk-20240930_lab.xml (EX-101.LAB) — 18KB
- sttk-20240930_pre.xml (EX-101.PRE) — 11KB
- d845252d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibits Exhibit Number Description of Exhibit 99.1 Press Release, dated October 1, 2024. 104 The cover page from the Company's Current Report on Form 8-K formatted in Inline XBRL. 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. Shattuck Labs, Inc. Date: October 1, 2024 By: /s/ Dr. Taylor Schreiber Dr. Taylor Schreiber Chief Executive Officer (principal executive officer)