Oruka Therapeutics Inc
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
ORKA$109.50+4.7%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 Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands)
| Cash flows from operating activities: | |
|---|---|
| Net loss | $(83,724) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Stock-based compensation expense | 14,919 |
| Net accretion of premiums and discounts on marketable securities | (2,245) |
| Non-cash interest expense | 1,468 |
| Non-cash lease expense | 127 |
| Depreciation expense | 27 |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | (1,128) |
| Other non-current assets | (43) |
| Accounts payable | 3,462 |
| Accrued expenses and other current liabilities | 3,292 |
| Operating lease liability | (14) |
| Related party accounts payable and other current liabilities | 6,022 |
| Net cash used in operating activities | (57,837) |
| Cash flows from investing activities: | |
| Purchases of property and equipment | (189) |
| Purchases of marketable securities | (329,938) |
| Net cash used in investing activities | (330,127) |
| Cash flows from financing activities: | |
| Proceeds from issuance of Pre-Merger Oruka Series A Preferred Stock, net of issuance costs paid | 2,931 |
| Proceeds from issuance of notes payable to related party, net of issuance costs paid | 24,980 |
| Proceeds from the Pre-Closing Financing, net | 227,953 |
| Proceeds from the PIPE Financing, net | 188,681 |
| Cash acquired in connection with the reverse recapitalization | 4,940 |
| Proceeds from issuance of common stock | 54 |
| Net cash provided by financing activities | 449,539 |
| Net increase in cash and cash equivalents | 61,575 |
| Cash at beginning of period | — |
| Cash and cash equivalents at end of period | $61,575 |
| Supplemental disclosures of non-cash operating and financing activities: | |
| Operating lease liability arising from obtaining operating right-of-use asset | $982 |
| Assets acquired in connection with the reverse capitalization | $114 |
| Other liabilities assumed in connection with the reverse recapitalization | $(54) |
| Non-cash accrued interest on convertible note converted to common stock | $1,468 |
| Non-cash exchange of Pre-Merger Oruka Series A preferred stock for Series B convertible preferred stock | $2,931 |
| Conversion of Series A non-voting convertible preferred stock to common stock | $52,834 |
| Reclassification of the Paruka warrant from liability to equity | $10,357 |
The accompanying notes are an integral part of these consolidated financial statements
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