UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.05 | Costs Associated with Exit or Disposal Activities. |
On November 2, 2023, the Board of Directors (the “Board”) of NexImmune, Inc. (the “Company”) unanimously approved the liquidation and wind up of the Company through a dissolution pursuant to a plan of liquidation and dissolution, subject to stockholder approval, while continuing to pursue alternatives intended to maximize the value of the business and its assets. The Company intends to call a special meeting of the stockholders to seek approval of the plan of dissolution and will file proxy materials relating to the special meeting with the Securities and Exchange Commission as soon as practicable.
On October 31, 2023, the Board also approved a reduction-in-force of substantially all of the Company’s employees, other than key members of management necessary to implement the wind up and support the efforts to maximize the value of the business and its assets. The Company is unable at this time to determine an estimate of the total amount or range of amounts expected to be incurred in connection with the reduction-in-force, but shall file an amendment to this report on Form 8-K within four business days after it makes such a determination. The Company expects that the implementation of the reduction-in-force will be substantially complete in November 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEXIMMUNE, INC. | ||
By: | /s/ Kristi Jones | |
Kristi Jones | ||
Chief Executive Officer |
Date: November 2, 2023
Document and Entity Information |
Oct. 31, 2023 |
---|---|
Cover [Abstract] | |
Security Exchange Name | NASDAQ |
Amendment Flag | false |
Entity Central Index Key | 0001538210 |
Document Type | 8-K |
Document Period End Date | Oct. 31, 2023 |
Entity Registrant Name | NEXIMMUNE, INC. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-40045 |
Entity Tax Identification Number | 45-2518457 |
Entity Address, Address Line One | 9119 Gaither Road |
Entity Address, City or Town | Gaithersburg |
Entity Address, State or Province | MD |
Entity Address, Postal Zip Code | 20877 |
City Area Code | (301) |
Local Phone Number | 825-9810 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $0.0001 par value per share |
Trading Symbol | NEXI |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
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