PepGen Inc
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
PEPG$4.61+92.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
| Year EndedDecember 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net loss | $(78,626) | $(69,104) |
| Adjustments to reconcile net loss to cash used in operating activities: | ||
| Depreciation | 1,184 | 493 |
| Stock-based compensation expense | 7,048 | 4,763 |
| Amortization and interest accretion related to operating lease | (334) | — |
| Amortization of premium and discounts on marketable securities, net | (220) | — |
| Change in fair value of preferred stock warrant liability | — | (58) |
| Loss on disposal of fixed assets | — | 134 |
| Changes in operating assets and liabilities: | ||
| Other receivables | 26 | 4,183 |
| Prepaids and other current and non-current assets | 2,038 | (1,784) |
| Accounts payable | (369) | (1,407) |
| Accrued expenses and other non-current liabilities | 1,422 | 5,531 |
| Operating lease liabilities, current and non-current | (1,166) | (2,016) |
| Net cash used in operating activities | (68,997) | (59,265) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (2,599) | (3,755) |
| Purchases of marketable securities | (29,404) | — |
| Net cash used in investing activities | (32,003) | (3,755) |
| Cash flows from financing activities: | ||
| Issuance of common stock upon initial public offering, net of underwriters’ fees | — | 114,267 |
| Payment of offering costs | (442) | (2,697) |
| Proceeds from issuance of common stock upon exercise of Series A-2 warrants | — | 406 |
| Proceeds from employee equity plans | 253 | 217 |
| Net cash provided by financing activities | (189) | 112,193 |
| Effect of exchange rate changes on cash | 286 | (316) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | $(100,903) | $48,857 |
| Cash, cash equivalents and restricted cash at beginning of period | 183,225 | 134,368 |
| Cash, cash equivalents and restricted cash at end of period | $82,322 | $183,225 |
| Components of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $80,774 | $181,752 |
| Restricted cash | 1,548 | 1,473 |
| Total cash, cash equivalents and restricted cash at end of period | $82,322 | $183,225 |
| Supplemental noncash investing and financing activities | ||
| Property and equipment included in accounts payable and accrued expenses | $14 | $363 |
| Cash paid for taxes | 2,702 | — |
| Lease assets obtained in exchange for new operating lease liabilities | — | 26,549 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.