Arcturus Therapeutics Holdings Inc 8-K, filed Oct 15, 2020
Arcturus Therapeutics Holdings Inc. (ARCT)
About this 8-K
Arcturus Therapeutics Holdings Inc filed this 8-K on October 15, 2020, reporting on events of October 14, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01. Other Events.
On October 14, 2020, Arcturus Therapeutics Holdings Inc., or the Company, received a non-refundable First Reserve Payment of $12.5 million USD from the Israeli Ministry of Health, or MOH. This First Reserve Payment of $12.5 million USD is associated with a specified clinical trial milestone, and was provided after a data review process during which the MOH had access to material preclinical and clinical data for the Company’s COVID-19 vaccine candidate, ARCT-021. This payment serves as an initial reserve payment for a specified number of doses of ARCT-021 pursuant to a Supply Agreement executed by the Company and the MOH on August 17, 2020. As a result of the making of this payment, the MOH has become bound to purchase the reserved vaccine doses, as defined in and subject to the terms and conditions of the Supply Agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibit |
| 104 | Cover Page to this Current Report on Form 8-K in Inline XBRL |
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.
| Arcturus Therapeutics Holdings Inc. | ||
| Date: October 14, 2020 | ||
| By: |
/s/ Joseph E. Payne | |
| Name: | Joseph E. Payne | |
| Title: | Chief Executive Officer | |