UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition.
Based upon preliminary estimates and information available to IDEAYA Biosciences, Inc. (the “Company”) as of April 24, 2023, the Company expects to report that the Company had approximately $351.2 million in cash, cash equivalents and marketable securities as of March 31, 2023. The Company has not yet completed its quarter-end financial close processes for the quarter ended March 31, 2023. The review of the Company’s financial statements for the quarter ended March 31, 2023 is ongoing and could result in changes to this amount. This estimate of the Company’s cash, cash equivalents and marketable securities as of March 31, 2023 is preliminary, has not been audited, does not present all information necessary for an understanding of the Company’s financial condition as of March 31, 2023 and is subject to change upon completion of the Company’s financial statement closing procedures. The preliminary financial data included in this Current Report on Form 8-K has been prepared by, and is the responsibility of, the Company’s management. PricewaterhouseCoopers LLP, the Company’s independent registered public accounting firm, has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto. Additional information and disclosure would be required for a more complete understanding of the Company’s financial position and results of operations as of March 31, 2023.
The information furnished under this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
In January 2021, following approval by the Company’s board of directors, the Company entered into an “at-the-market” program and sales agreement, or ATM facility, with Jefferies LLC, under which it may, from time to time, offer and sell common stock having an aggregate offering value of up to $90.0 million, referred to as its “at-the-market” offering. The Company has sold 142,160 shares of its common stock at a weighted average sales price of approximately $18.38 per share through its “at the market” offerings between January 1, 2023 and April 21, 2023, and as of that date has approximately $61.8 million of common stock remaining available to be sold under the ATM facility.
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.
| IDEAYA BIOSCIENCES, INC. | ||||||
| Date: April 24, 2023 | By: | /s/ Yujiro Hata | ||||
| Yujiro Hata | ||||||
| President and Chief Executive Officer | ||||||