UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02. Termination of a Material Definitive Agreement.
On May 19, 2021, Kura Oncology, Inc. (the “Company”) paid in full all amounts due and owing, and terminated all commitments and obligations, under that certain Loan and Security Agreement, dated as of November 1, 2018, as amended (the “Loan Agreement”), with Silicon Valley Bank (the “Lender”). Pursuant to a payoff letter, the Company agreed to pay to the Lender approximately $6.6 million, which included pay-off amounts for principal, interest, and fees. The material terms of the Loan Agreement are described in the Company’s Form 10-Q filed with the Securities and Exchange Commission on May 6, 2021.
The foregoing summary of the Loan Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to (i) the Loan Agreement, which was filed as Exhibit 10.3 to the Company’s Form 10-Q on November 5, 2018, and (ii) the First Amendment to the Loan and Security Agreement, dated April 3, 2020, between the Company and the Lender, which was filed as Exhibit 10.1 to the Company’s Form 8-K on April 7, 2020, both of which are incorporated herein by reference.
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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 thereunto duly authorized.
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KURA ONCOLOGY, INC. |
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Date: May 24, 2021 |
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By: |
/s/ James Basta |
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James Basta |
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Chief Legal Officer and Secretary |