Rezolute, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)

3 Months Ended

Sep. 30, 2020

Schedule of unaudited pro forma balance sheet that gives effect to the Financing Activities, Restricted Funds and Early Payments

Presented below is an unaudited pro forma balance sheet that gives effect to the Fiscal 2021 Financing and the Early Payments to Xoma, as if these events had occurred on September 30, 2020 (in thousands, except per share amount):


			Equity Financing				Xoma
			Gross		Offering		Early
	Historical		Proceeds (1)		Costs (2)		Payments (3)		Pro Forma
Assets										(Unaudited)

Current assets:
Cash and cash equivalents	$	6,404	$	41,000	$	(3,491)	$	(1,409)	$	42,504
Prepaid expenses and other		491		—		—		—		491
Total current assets		6,895		41,000		(3,491)		(1,409)		42,995

Long-term assets:
Right-of-use assets, net		325		—		—		—		325
Deferred offering costs		129		—		(129)		—		—
Other		61		—		—		—		61
Total assets	$	7,410	$	41,000	$	(3,620)	$	(1,409)	$	43,381

Liabilities and Stockholders' Equity

Current liabilities:
Accounts payable	$	797	$	—	$	—	$	—	$	797
Accrued liabilities		473		—		(129)		—		344
Current portion of license fees payable to Xoma		1,409		—		—		(1,409)		—
Current portion of operating lease liabilities		245		—		—		—		245
Total current liabilities		2,924		—		(129)		(1,409)		1,386

Long-term liabilities:
Operating lease liabilities, net of current portion		104		—		—		—		104
Total liabilities		3,028		—		(129)		(1,409)		1,490

Stockholders' equity:
Common Stock, $0.001 par value, 500,000 shares authorized; see below for issued and outstanding		6		2		—		—		8
Additional paid-in capital		155,232		40,998		(3,491)		—		192,739
Accumulated deficit		(150,856)		—		—		—		(150,856)
Total stockholders' equity		4,382		41,000		(3,491)		—		41,891
Total liabilities and stockholders' equity	$	7,410	$	41,000	$	(3,620)	$	(1,409)	$	43,381

Number of shares of Common Stock issued and outstanding		5,867		2,485		—		—		8,352

(1)Gives effect to the receipt of gross proceeds of $41.0 million on October 9, 2020, as a result of the private placement of units at an issuance price of $16.50 per unit. The units consisted of an aggregate of approximately 2.5 million shares of Common Stock and warrants for the purchase of an additional 0.8 million shares of Common Stock.