LENZ Therapeutics, Inc.
For the period ended Dec 31, 2024. Filed Mar 19, 2025.
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FY2024 · Filed Mar 19, 2025
LENZ$4.10-4.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(49,769) | $(69,968) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 58 | 15 |
| Loss on disposal of property and equipment | 16 | — |
| Accretion of discounts on marketable securities | (4,017) | (1,057) |
| Change in fair value of preferred stock warrants | 1,047 | (123) |
| Share-based compensation expense | 6,365 | 1,343 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 25 | 761 |
| Accounts payable | (4,279) | 856 |
| Accrued liabilities | (7,460) | 7,783 |
| Other assets | (1,377) | 10 |
| Net cash used in operating activities | (59,391) | (60,380) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (241,911) | (52,091) |
| Proceeds from maturities of marketable securities | 87,900 | 22,500 |
| Purchases of property and equipment | (468) | (30) |
| Net cash used in investing activities | (154,479) | (29,621) |
| Cash flows from financing activities | ||
| Proceeds from issuance of Series B convertible preferred stock, net of issuance costs | — | 82,976 |
| Deferred offering costs | — | (2,479) |
| Proceeds from issuance of common stock, net of issuance costs | 79,513 | — |
| Cash, cash equivalents, and restricted cash acquired in connection with the Merger | 117,824 | — |
| Merger transaction costs | (2,373) | — |
| Proceeds from exercises of stock options | 4,038 | 203 |
| Net cash provided by financing activities | 199,002 | 80,700 |
| Net decrease in cash, cash equivalents, and restricted cash | (14,868) | (9,301) |
| Cash and cash equivalents, beginning of the period | 35,140 | 44,441 |
| Cash, cash equivalents, and restricted cash, end of the period | $20,272 | $35,140 |
| Supplemental cash flow information | ||
| Conversion of Series A, A-1, and B convertible preferred stock to common stock | $137,490 | $— |
| Conversion of Class B convertible common stock to common stock | $5,900 | $— |
| Reclassification of warrant liability to equity | $1,918 | $— |
| Prepaid expenses and other current assets assumed in the Merger | $1,313 | $— |
| Accounts payable and accrued liabilities assumed in the Merger | $2,950 | $— |
| Right-of-use assets assumed in the Merger in exchange for operating lease liabilities | $74 | $— |
| Right-of-use assets obtained in exchange for operating lease liabilities | $1,116 | $190 |
| Property and equipment included in accounts payable and accrued expenses | $203 | $— |
| Deferred offering costs included in accounts payable and accrued expenses | $— | $260 |
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