6-K

Immatics N.V. (IMTX)

6-K 2021-03-30 For: 2021-03-30
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Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 6-K


REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

March 30, 2021

Commission File Number: 001-39363


IMMATICS N.V.


Paul-Ehrlich-Straße 15

72076 Tübingen, Federal Republicof Germany

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  ☒ Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

INFORMATION CONTAINED IN THIS REPORTON FORM 6-K

On March 30, 2021, Immatics N.V. (the “Company”) issued a press release announcing its full year 2020 financial results and providing a corporate update. A copy the press release is attached hereto as Exhibit 99.1.

EXHIBITS

ExhibitNumber Description
99.1 Press release dated March 30, 2021.

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.

IMMATICS N.V.
Date: March 30, 2021 by: /s/<br> Harpreet Singh
Harpreet Singh
Chief Executive Officer

Exhibit 99.1

PRESS RELEASE

Immatics Announces Full Year 2020 FinancialResultsand Corporate Update

· Phase<br> 1a data update from clinical ACTengine^®^ programs demonstrated first anti-tumor<br> activity at early phases of dose escalation in heavily pre-treated solid cancer patients
· Enrollment<br> across clinical ACTengine^®^ IMA200 trial series continues to scale up
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· Cash<br> and cash equivalents as well as other financial assets of $285 million^1^(€232<br> million) as of December 31, 2020 provide cash<br> reach into 2023
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Tuebingen,Germany and Houston, TX, March 30, 2021 – Immatics N.V. (NASDAQ: IMTX; “Immatics”), a clinical-stage biopharmaceutical company active in the discovery and development of T cell redirecting cancer immunotherapies, today provided an update on its corporate progress and reported financial results for the quarter and full year ended December 31, 2020.

Harpreet Singh, Ph.D., CEO of Immatics commented, “The past year was exceptional for Immatics with the advancement of our pipeline programs, expansion of our leadership team and scientific advisory board and the completion of our listing on the Nasdaq. Building on this foundation, we have recently delivered encouraging data from three clinical TCR-T studies demonstrating first anti-tumor activity in heavily pre-treated solid cancer patients. This early data also constitutes a first clinical validation for our differentiated TCR therapeutics platform. We look forward to reporting further data from our Phase 1 ACTengine^®^ TCR-T trials as well as the progress in our TCR Bispecifics programs (TCER^®^) in the latter part of this year.”

Fourth Quarter2020 and Subsequent Company Progress

AdoptiveCell Therapy Programs

· ACTengine^®^IMA200 series - Immatics provided a clinical data update<br> from three ongoing ACTengine^®^ Phase 1 trials for its engineered<br> Adoptive Cell Therapy approach (also known as TCR-T) in March. The combined data readout<br> during early phases of dose escalation for the ACTengine^®^ programs, IMA201,<br> IMA202 and IMA203, indicated first anti-tumor activity with tumor shrinkage observed in 8<br> out of 10 patients including one unconfirmed partial response as of data cut-off. This was<br> consistent with the observed robust engraftment, persistence and tumor infiltration of infused<br> ACTengine^®^ T cells. Overall, all product candidates demonstrated a manageable<br> safety and tolerability profile. An additional Phase 1a read-out for IMA201 and IMA203 and<br> initial Phase 1b data for IMA202 from the dose expansion cohort is planned for H2 2021. Submission<br> of a clinical trial application (CTA) for the fourth IMA200 series program, IMA204, remains<br> anticipated for H2 2021. The company presented the first preclinical data for the program<br> in September 2020, which is directed at a novel target, COL6A3 exon 6 that is expressed in<br> the tumor stroma of a variety of solid cancers.
| Immatics Press Release March 30, 2021 | 1 | 9 |

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TCRBispecifics Programs

· IMA401<br> – Immatics presented preclinical proof-of-concept data<br> from its lead TCER^®^ program, IMA401, at the European Antibody Congress<br> 2020 in November. IMA401 is an antibody-like, “off-the-shelf” biologic directed<br> against a high-density peptide target derived from MAGEA4/8. Submission of a CTA for IMA401<br> remains on track by the end of 2021.
· IMA402<br> – Immatics plans to announce preclinical proof-of-concept data for its second TCER^®^program, IMA402 in Q2 2021. GMP process development activities are targeted to begin<br> at the same time to advance this program towards the Investigational New Drug (IND) stage<br> and clinical development.
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Corporate Developments

ScientificAdvisory Board Update

· Immatics<br> has established a new Scientific Advisory Board (SAB) comprised of several leaders and scientific<br> pioneers in immuno-oncology, adoptive cell therapies, clinical oncology and cancer biology.<br> The members of the new SAB include Gwendolyn Binder, Dirk Busch, Christoph Huber, Patrick<br> Hwu, Roland Kontermann, Crystal Mackall, Hidde Ploegh, Hans-Georg Rammensee, and Cassian<br> Yee. Patrick Hwu and Crystal Mackall will co-chair the SAB. Additional information about<br> the members can be found on the Immatics website.

Amendmentto Resale Registration Statement

· In<br> connection with the filing of the Annual Report on Form 20-F, Immatics will file an amendment<br> to its existing resale registration statement on Form F-1 to update certain information.<br> This registration statement relates solely to the resale of shares by certain stockholders,<br> and the filing of the amendment is not necessarily indicative of any sales by the holders<br> of their shares. No shares will be issued or sold by Immatics pursuant to the registration<br> statement.

Full Year 2020Financial Results

*Cash Position:*Cash and cash equivalents as well as other financial assets total €232.0 million ($284.7 million^1^) as of December 31, 2020 compared to €119.4 million ($146.5 million^1^) as of December 31, 2019. The increase is mainly the result of the business combination with ARYA Sciences Acquisition Corporation completed in July 2020 (ARYA merger) and the concurrent PIPE Financing.

| Immatics Press Release March 30, 2021 | 2 | 9 |

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Revenue: Total revenue, consisting of revenue from collaboration agreements, was €31.3 million ($38.4 million**^1^) for the year ended December 31, 2020, compared to €18.4 million ($22.6 million^1^**) for the year ended December 31, 2019.

Research andDevelopment Expenses: R&D expenses were €67.1 million ($82.3 million^1^) for the year ended December 31, 2020, compared to €40.1 million ($49.2 million^1^) for the year ended December 31, 2019. The increase is mainly due to an increase in preclinical and clinical development expenses and an increase in share-based compensation (€14.5 million; $17.8 million^1^for the year ended December 31, 2020 compared to €1.6 million; $1.9 million for the year ended December 31, 2019).

General and AdministrativeExpenses: G&A expenses were €34.2 million ($42.0 million^1^) for the year ended December 31, 2020, compared to €11.8 million ($14.5 million^1^) for the year ended December 31, 2019. The increase is mainly due to an increase in share-based compensation (€10.9 million; $13.4 million^1^ for the year ended December 31, 2020 compared to €0.5 million; $0.6 million for the year ended December 31, 2019) as well as one-time transaction costs of the NASDAQ listing in connection with the ARYA merger in July.

Net Loss: Net loss was €229.6 million ($281.7 million^1^) for the year ended December 31, 2020, compared to €32.5 million ($39.9 million^1^) for the year ended December 31, 2019, of which €152.8 million ($187.5 million^1^) resulted from a one-time, non-cash expense in connection with the ARYA merger. The main part of this €152.8 million ($187.5 million^1^) non-cash expense resulted from the share price increase between signing and closing of the ARYA merger.

Full financial statements can be found in the Annual Report on Form 20-F filed with the Securities and Exchange Commission (SEC) and published on the SEC website under www.sec.gov.

^1^All amounts translated using the exchange rate published by the European Central Bank in effect as of December 31, 2020 (1 EUR = 1.2271 USD).

Upcoming InvestorConferences

· Kempen<br> Life Science – April 28, 2021
· Bank<br> of America Healthcare Conference – May 11-13, 2021
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· Jefferies<br> Virtual Healthcare Conference – June 1-3, 2021
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To see the full list of events and presentations, visit www.investors.immatics.com/events-presentations.

About Immatics

Immatics combines the discovery of true targets for cancer immunotherapies with the development of the right T cell receptors with the goal of enabling a robust and specific T cell

| Immatics Press Release March 30, 2021 | 3 | 9 |

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![](image_004.gif)

response against these targets. This deep know-how is the foundation for our pipeline of Adoptive Cell Therapies and TCR Bispecifics as well as our partnerships with global leaders in the pharmaceutical industry. We are committed to delivering the power of T cells and to unlocking new avenues for patients in their fight against cancer.

Immatics intends to use its website www.immatics.com as a means of disclosing material non-public information. For regular updates you can also follow us on Twitter and LinkedIn.

Forward-LookingStatements

Certain statements in this press release may be considered forward-looking statements. Forward-looking statements generally relate to future events or Immatics’ future financial or operating performance. For example, statements concerning the timing of product candidates and Immatics’ focus on partnerships to advance its strategy are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Immatics and its management, are inherently uncertain. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management's control including general economic conditions and other risks, uncertainties and factors set forth in filings with the SEC. Nothing in this presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Immatics undertakes no duty to update these forward-looking statements.

Formore information, please contact:

For Media Inquiries Investor Relations Contact
Jacob Verghese<br> or Stephanie May John Graziano
Trophic<br> Communications Solebury Trout
Phone:<br> +49 89 2388 7731 Phone: +1 646 378 2942
immatics@trophic.eu jgraziano@soleburytrout.com
Immatics N.V.
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Anja Heuer Jordan Silverstein
Corporate Communications Head of Strategy
Phone: +49 89 540415-606 Phone: +1 281 810 7545
media@immatics.com InvestorRelations@immatics.com
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Immatics N.V. and subsidiaries

Condensed Consolidated Statement ofFinancial Position of Immatics N.V.

As of
December 31, <br>2020 December 31, <br>2019
(Euros in thousands)
Assets
Current assets
Cash and cash equivalents 207,530 103,353
Other financial assets 24,448 16,023
Accounts receivable 1,250 957
Other current assets 5,763 3,667
Total current assets 238,991 124,000
Non-current assets
Property, plant and equipment 7,868 4,720
Intangible assets 914 1,008
Right-of-use assets 6,149 3,287
Other non-current assets 724 1,262
Total non-current assets 15,655 10,277
Total assets 254,646 134,277
Liabilities and shareholders' deficit
Current liabilities
Provisions 51 50
Accounts payable 10,052 7,082
Deferred revenue 46,600 59,465
Lease liabilities 1,881 1,411
Other current liabilities 2,025 1,288
Total current liabilities 60,609 69,296
Non-current liabilities
Deferred revenue 85,475 101,909
Lease liabilities 4,306 1,823
Other non-current liabilities - 2,084
Total non-current liabilities 89,781 105,816
Shareholders' equity (deficit)
Share capital 629 1,164
Share premium 573,339 190,945
Accumulated deficit (462,253 ) (233,194 )
Other reserves (7,459 ) (770 )
Total equity (deficit) attributable to shareholders of the parent 104,256 (41,855 )
Non-controlling interest - 1,020
Total shareholders' equity (deficit) 104,256 (40,835 )
Total liabilities and shareholders' equity (deficit) 254,646 134,277
| Immatics Press Release March 30, 2021 | 5 | 9 |

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Immatics N.V. and subsidiaries

Condensed Consolidated Statement ofLoss of Immatics N.V.

Year ended December 31,
2020 2019 2018
(Euros in thousands, except share and per share data)
Revenue from collaboration agreements 31,253 18,449 3,770
Research and development expenses (67,085 ) (40,091 ) (33,971 )
General and administrative expenses (34,186 ) (11,756 ) (7,666 )
Other income 303 385 3,458
Operating result (69,715 ) (33,013 ) (34,409 )
Financial income 2,949 790 2,215
Financial expenses (10,063 ) (264 ) (161 )
Share listing expense (152,787 ) - -
Financial result (159,901 ) 526 2,054
Loss before taxes (229,616 ) (32,487 ) (32,355 )
Taxes on income - - -
Net loss (229,616 ) (32,487 ) (32,355 )
Attributable to:
Equity holders of the parent (229,059 ) (31,571 ) (31,444 )
Non-controlling interest (557 ) (916 ) (911 )
Net loss (229,616 ) (32,487 ) (32,355 )
Net loss per share - basic and diluted (4.77 ) (0.95 ) (0.95 )
Weighted average shares outstanding - basic and diluted 48,001,228 33,093,838 33,093,838
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Immatics N.V. and subsidiaries

Condensed Consolidated Statement ofComprehensive Loss of Immatics N.V.

Year ended December 31,
Notes 2020 2019 2018
(Euros in thousands)
Net Loss (229,616 ) (32,487 ) (32,355 )
Other comprehensive loss
Items that may be reclassified subsequently to profit or loss, net of tax - - -
Currency translation differences from foreign operations (6,689 ) (29 ) 313
Total comprehensive loss for the period (236,305 ) (32,516 ) (32,042 )
Attributable to:
Equity holders of the parent (235,748 ) (31,600 ) (31,131 )
Non-controlling interest 20 (557 ) (916 ) (911 )
Total comprehensive loss for the period (236,305 ) (32,516 ) (32,042 )
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Immatics N.V. and subsidiaries

Condensed Consolidated Statement ofCash Flows of Immatics N.V.

Year ended December 31,
2020 2019 2018
(Euros in thousands)
Cash flows from operating activities
Loss before taxation (229,616 ) (32,487 ) (32,355 )
Adjustments for:
Interest income (850 ) (790 ) (507 )
Depreciation and amortization 4,424 3,858 2,176
Interest expense 289 170 16
Share listing expense 152,787 - -
Equity settled share-based payment 22,908 152 118
MD Anderson compensation expense 45 700 1,360
(Decrease) Increase in other liabilities resulting from share appreciation rights (2,036 ) 1,864 220
Payment related to share-based compensation awards previously classified as equity-settled (4,322 ) - -
Net foreign exchange differences (4,477 ) 3 -
Changes in working capital
Increase in accounts receivable (294 ) (563 ) (175 )
Increase in other assets (1,600 ) (1,497 ) 5,608
(Increase) decrease in accounts payable and other current liabilities (23,387 ) 98,937 43,732
Interest received 808 790 507
Interest paid (289 ) (170 ) (16 )
Net cash provided by/(used in) operating activities (85,610 ) 70,967 20,684
Cash flows from investing activities
Payments for property, plant and equipment (7,420 ) (2,143 ) (429 )
Cash paid for investments in Other financial assets (82,930 ) (20,473 ) (13,101 )
Cash received from maturity of investments classified in Other financial assets 74,505 17,551 -
Payments for intangible assets (104 ) (91 ) (78 )
Proceeds from disposal of property, plant and equipment - 97 94
Net cash provided by/(used in) investing activities (15,949 ) (5,059 ) (13,514 )
Cash flows from financing activities
Proceeds from issuance of shares to equity holders of the parent 217,918 - 23,648
Transaction cost deducted from equity (7,939 )
Payments for leases (2,096 ) (1,862 ) -
Net cash provided by/(used in) financing activities 207,883 (1,862 ) 23,648
Net increase in cash and cash equivalents 106,324 64,046 30,818
Cash and cash equivalents at beginning of period 103,353 39,367 8,415
Effects of exchange rate changes on cash and cash equivalents (2,147 ) (60 ) 134
Cash and cash equivalents at end of period 207,530 103,353 39,367
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Immatics N.V. and subsidiaries

Condensed Consolidated Statement ofChanges in Shareholders’ equity (deficit) of Immatics N.V.

(Euros in thousands) Notes Share capital Share premium Accumulated deficit Other reserves Total equity attributable to shareholders of the parent Non-controlling interest Total share-holders' equity (deficit)
Balance as of January 1, 2018 1,164 167,027 (170,179 ) (1,054 ) (3,042 ) 787 (2,255 )
Other comprehensive loss - - - 313 313 - 313
Net loss - - (31,444 ) - (31,444 ) (911 ) (32,355 )
Comprehensive loss for the year - - (31,444 ) 313 (31,131 ) (911 ) (32,042 )
Equity-settled tandem awards 18 - 118 - - 118 - 118
Issuance of ordinary shares 19 - 23,648 - - 23,648 - 23,648
MD Anderson compensation expense 20 - - - - - 1,360 1,360
Balance as of December 31, 2018 1,164 190,793 (201,623 ) (741 ) (10,407 ) 1,236 (9,171 )
Balance as of January 1, 2019 1,164 190,793 (201,623 ) (741 ) (10,407 ) 1,236 (9,171 )
Other comprehensive loss - - - (29 ) (29 ) - (29 )
Net loss - - (31,571 ) - (31,571 ) (916 ) (32,487 )
Comprehensive loss for the year - - (31,571 ) (29 ) (31,600 ) (916 ) (32,516 )
Equity-settled tandem awards 18 - 152 - - 152 - 152
MD Anderson compensation expense 20 - - - - - 700 700
Balance as of December 31, 2019 1,164 190,945 (233,194 ) (770 ) (41,855 ) 1,020 (40,835 )
Balance as of January 1, 2020 1,164 190,945 (233,194 ) (770 ) (41,855 ) 1,020 (40,835 )
Other comprehensive loss - - - (6,689 ) (6,689 ) - (6,689 )
Net loss - - (229,059 ) - (229,059 ) (557 ) (229,616 )
Comprehensive loss for the year - - (229,059 ) (6,689 ) (235,748 ) (557 ) (236,305 )
Reorganization 3,19 (833 ) 833 - - - - -
Issue of share capital
MD Anderson Share Exchange 3,19 7 501 - - 508 (508 ) -
PIPE Financing, net of transaction costs 3, 19 104 89,973 - - 90,077 - 90,077
ARYA Merger, net of transaction costs 3,19, 17 180 272,508 - - 272,688 - 272,688
SAR conversion 18 7 (7 ) - - - - -
Total issuance of share capital 298 362,975 - - 363,273 (508 ) 362,765
Equity-settled share-based compensation 18 - 22,908 - - 22,908 - 22,908
Payment related to share-based compensation awards previously classified as equity-settled 18 - (4,322 ) - - (4,322 ) - (4,322 )
MD Anderson compensation expense 20 - - - - - 45 45
Balance as of December 31, 2020 629 573,339 (462,253 ) (7,459 ) 104,256 - 104,256
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