Form 8-K KINETA, INC./DE For: Feb 29
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Kineta (KA) to Explore Strategic Alternatives, Cuts Staff, Terminates CEO
February 29, 2024 7:10 AM ESTOn February 29, 2024, Kineta (NASDAQ: KA) announced its intention to explore strategic alternatives, as described further under Item 7.01 of this Current Report on Form 8-K (this Current Report). In connection therewith, the Company made a decision to implement a workforce reduction of the Companys workforce by seven full-time employees, or approximately 64% of the Companys then-current employee base. In connection with this workforce reduction, the affected employees will be provided severance benefits, including cash severance payments. Each affected employees eligibility for these severance benefits is contingent upon such employees entering into an effective separation... More
