Skip to main content

Xilio Therapeutics, Inc.

For the period ended Mar 31, 2026. Filed May 12, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 12, 2026

XLO$9.00+4.4%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits
Contents

3. Fair Value Measurements

Liabilities measured at fair value on a recurring basis consist of the following as of March 31, 2026:

Quoted
Prices in
Active · Significant
Markets for · Other · Significant
Identical · Observable · Unobservable
Assets · Inputs · Inputs
Level 1 · Level 2 · Level 3 · Total
Financial liabilities:
Series A warrants to purchase common stock$—$—$20,560$20,560
Series C warrants to purchase common stock——5,7005,700
Total financial liabilities at March 31, 2026$—$—$26,260$26,260

Liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2025:

Quoted
Prices in
Active · Significant
Markets for · Other · Significant
Identical · Observable · Unobservable
Assets · Inputs · Inputs
Level 1 · Level 2 · Level 3 · Total
Financial liabilities:
Series A warrants to purchase common stock$—$—$23,100$23,100
Series C warrants to purchase common stock——6,4606,460
Total financial liabilities at December 31, 2025$—$—$29,560$29,560

The fair value of the common stock warrant liabilities, which are described in more detail in Note 8, are calculated utilizing a Black-Scholes option pricing model for the Series A warrants and a Monte Carlo simulation model for the Series C warrants. The Black-Scholes option pricing model and the Monte Carlo simulation model both require the use of assumptions, certain of which are not observable in the market, which represent Level 3 measurements within the fair value hierarchy. The Black-Scholes pricing model and the Monte Carlo simulation model assumptions include the warrant exercise price, the expected term of the warrant, the current price of the Company’s common stock, expected volatility, the risk-free interest rate for the expected term of the warrant and expected dividend yield. The Monte Carlo simulation assumptions also include the potential impacts of the warrant strike price reset features.

The following assumptions were used in determining the fair value of the Company’s common stock warrant liabilities as of March 31, 2026 and December 31, 2025:

March 31, · December 31,
2026 · 2025
Closing price of common stock$8.41$8.96
Warrant exercise price$10.50$10.50
Expected volatility70%70%
Risk free interest rate3.79%3.62%
Expected dividend yield——
Expected term (in years)0.67 - 4.180.92 - 4.43

The following table summarizes the changes in the fair market value of the Company’s common stock warrant liabilities, which are classified within the Level 3 fair value hierarchy:

financial
Series A · Series C · liabilities
Balance at December 31, 2025$23,100$6,460$29,560
Change in fair value of common stock warrant liabilities(2,540)(760)(3,300)
Balance at March 31, 2026$20,560$5,700$26,260
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.