Form 8-K
0001840229 False 0001840229 2022-11-03 2022-11-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares



Washington, D.C. 20549





Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 3, 2022


MiNK Therapeutics, Inc.

(Exact name of registrant as specified in its charter)


(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

149 Fifth Avenue, Suite 500

New York, New York 10010

(Address of Principal Executive Offices) (Zip Code)

(212) 994-8250

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)


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:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.00001 per shareINKTNASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 2.02. Results of Operations and Financial Condition.

On November 3, 2022, MiNK Therapeutics, Inc. announced its financial results for the quarter ended September 30, 2022. In connection with the announcement, the Company issued a press release, which is being furnished as Exhibit 99.1 to this current report on Form 8-K.

The information set forth under Item 2.02 and in Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as expressly set forth by specific reference in such filing. 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit 

The following exhibit is furnished herewith:

99.1 Press Release dated November 3, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)


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.

 MiNK Therapeutics, Inc.
Date: November 3, 2022By: /s/ Christine M. Klaskin        
  Christine M. Klaskin
  Principal Financial Officer




MiNK Therapeutics Reports Corporate Update and Third Quarter 2022 Financial Results

-  Five presentations on clinical data and novel pipeline candidates at the Society of Cancer Immunotherapy (SITC) Meeting
-  R&D Day on November 10, 2022, from 4:00-6:00pm ET in Boston and via webcast

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- MiNK Therapeutics, Inc., a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic, off-the-shelf, invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases, today reported financial results for the third quarter 2022 and provided a corporate update.

“Our team has continued to excel as we focus on advancing both our clinical stage programs and next-generation pipeline, while scaling up our internal cGMP manufacturing capabilities,” said Jennifer Buell, President and CEO, of MiNK. “This progress is exemplified in the five upcoming presentations at this year’s SITC conference and our upcoming R&D Day.”

Business Progress and Upcoming Milestones:

Five abstracts accepted for presentation at Society of Cancer Immunotherapy 37th Annual Meeting, November 8th to 12th:

MiNK to host R&D Day on November 10th, 2022, from 4:00 – 6:00pm ET:

Fourth Quarter and Full Year 2021 Financial Results

We ended the third quarter 2022 with a cash balance of $24.2 million as compared to $38.9 million at December 31, 2021. Cash used in operations for the nine-months and third quarter ended September 30, 2022, was $14.4 million, and $5.6 million respectively, compared to $11.1 million and $3.5 million for the same periods in 2021. The increased funding was related to the internalization of our cGMP manufacturing of agent-797 for clinical trial supply.

Net loss for the quarter ended September 30, 2022, was $6.3 million or $0.19 per share, compared to a net loss for the same period of 2021 of $14.3 million or $0.59 per share. Net loss for the nine months ended September 30, 2022, was $20.2 million, or $0.60 per share compared to $24.4 million and $1.01 per share for the nine months ended September 30, 2021.

Summary Consolidated Financial Information   
Condensed Consolidated Balance Sheet Data   
(in thousands)   
 September 30, 2022 December 31, 2021   
Cash and cash equivalents$24,159  $38,889     
Total assets 25,262   40,242     
Total stockholders' equity 6,756   23,776     
Other Financial Information    
(in thousands)   
 Three months ended September 30, Nine months ended September 30,
  2022   2021   2022   2021 
Cash used in operations$5,615  $3,496  $14,436  $11,125 
Non-cash expenses (income)$801  $10,161   (348)  12,909 
Condensed Consolidated Statements of Operations Data   
(in thousands, except per share data)   
 Three months ended September 30, Nine months ended September 30,
  2022   2021   2022   2021 
Operating expenses:       
Research and development 6,150   3,334   17,303   10,016 
General and administrative 1,838   815   5,757   2,278 
Change in fair value of convertible affiliated note (non-cash) -   9,227   -   9,703 
Operating loss 7,988   13,376   23,060   21,997 
Other expense (income), net (1,656)  891   (2,838)  2,451 
Net loss$6,332  $14,267  $20,222  $24,448 
Per common share data, basic and diluted:       
Net loss$(0.19) $(0.59) $(0.60) $(1.01)
Weighted average number of common shares outstanding, 33,757   24,205   33,628   24,187 
basic and diluted       

Conference Call:
Dial-in numbers: 646-307-1952 (United States); 888-672-2415 (USA & Canada)
Event ID: 3583551

A webcast and replay of the conference call will be accessible from the Events & Presentations page of the Company’s website at and via

About MiNK Therapeutics

MiNK Therapeutics is a clinical-stage biopharmaceutical company pioneering the discovery, development, and commercialization of allogeneic invariant natural killer T (iNKT) cell therapies to treat cancer and other immune-mediated diseases. MiNK is advancing a pipeline of both native and next-generation engineered iNKT programs, with a platform designed to facilitate scalable and reproducible manufacturing for off-the-shelf delivery. The company is headquartered in New York, NY. For more information, please visit

Kimberly Ha
KKH Advisors

Forward-Looking Statements

This release contains forward-looking statements. You can identify these forward-looking statements by the fact they use words such as “could,” “expect,” “anticipate,” “estimate,” “target,” “may,” “project,” “intend,” “plan,” “believe,” “will,” “potential,” “opportunity,” “future” and other words and terms of similar meaning and include statements that they do not relate strictly to historical or current facts. In particular, these statements relate to, among other things, the mechanism of action, efficacy and safety of our iNKT technology, business strategy, our research and development plans, our product development efforts, funding and partnering opportunities including government funding opportunities, future operating plans, results, objectives, expectations, and intentions. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes to differ materially from current expectations. Therefore, we caution investors such statements need to be evaluated in light of all the information contained in our filings with the SEC on our Annual Report on Form 10-K, among others. Furthermore, the statements speak only as of the date of this document, and we undertake no obligation to update or revise these statements, except as required by law.