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Mind Medicine MindMed Inc

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

DFTX$34.64-2.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

(In thousands)

Years Ended December 31,
20242023
Cash flows from operating activities
Net loss$(108,679)$(95,732)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation16,91315,183
Directors' deferred share units expense761311
Amortization of intangible assets5273,162
Change in fair value of 2022 USD Financing Warrants15,9416,636
Gain on extinguishment of contribution payable(2,541)—
Unrealized foreign exchange506(363)
Amortization of debt issuance costs725101
Other non-cash adjustments6256
Changes in operating assets and liabilities:
Prepaid and other current assets(4,337)39
Other noncurrent assets4851
Accounts payable(2,126)2,025
Accrued expenses3,1035,318
Other liabilities, long-term(32)(1,152)
Net cash used in operating activities(79,129)(64,365)
Cash flows from financing activities
Proceeds from the August Offering74,999—
Payment of issuance costs from the August Offering(5,030)—
Proceeds from the March Offering and Private Placement175,000—
Payment of issuance costs from the March Offering and Private Placement(11,060)—
Proceeds from credit facility10,00015,000
Payment of credit facility issuance costs(128)(844)
Proceeds from the 2022 At-the-Market net of issuance costs9847,529
Payment of deferred financing fees related to 2024 At-the-Market(499)—
Proceeds from exercise of 2022 USD Financing Warrants8,268114
Proceeds from exercise of options71649
Withholding taxes paid on vested restricted share units(54)—
Net cash provided by financing activities253,19621,848
Effect of exchange rate changes on cash(30)79
Net increase/(decrease) in cash and cash equivalents174,037(42,438)
Cash and cash equivalents, beginning of year99,704142,142
Cash and cash equivalents, end of year$273,741$99,704
Supplemental Cash Flow Information
Cash paid for interest$2,224$534
Supplemental Noncash Disclosures
Conversion of 2022 USD Financing Warrants to common shares upon exercise of warrants$8,407$64
Reclass of deferred financing fees related to 2022 At-the-Market to additional paid-in capital$332$—
Issuance of common shares upon conversion of loan principal$3,000$—
Unpaid issuance costs for credit facility$—$128
Proceeds from issuance of common shares under the 2022 At-the-Market in prepaid and other current assets$—$294
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.