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Eliem Therapeutics Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

CLYM$11.74+6.6%Stored close · as of Nov 10, 2026

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Condensed Consolidated Statements of Cash Flows

(In thousands)

Six Months Ended June 30,
20242023
Cash flows from operating activities:
Net loss$(56,586)$(27,510)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation97710,948
Right-of-use asset impairment—180
Non-cash operating lease expense178232
Accretion of discounts and amortization of premiums on investments, net(63)(1,232)
In-process research and development, related party51,659—
Foreign currency (gain) loss from remeasurement9(630)
Changes in operating assets and liabilities:
Prepaid expenses and other assets2,425(784)
Long-term assets15(1,528)
Accounts payable(1,160)128
Accounts payable and accrued liabilities, related party5—
Accrued liabilities326(2,792)
Operating lease liabilities(249)(209)
Long-term liabilities(22)55
Net cash used in operating activities$(2,486)$(23,142)
Cash flows from investing activities:
Issuance of promissory loan in connection with asset acquisition(5,000)—
Cash paid in connection with asset acquisition, net of cash acquired(4,645)—
Purchase of marketable securities—(55,985)
Proceeds from maturities of marketable securities13,75160,181
Net cash provided by investing activities$4,106$4,196
Cash flows from financing activities:
Proceeds from issuance of common stock in private placement, net of issuance costs119,750—
Proceeds from the exercise of stock options8,66725
Net cash provided by financing activities$128,417$25
Effect of exchange rate changes on cash and cash equivalents(9)630
Net change in cash and cash equivalents$130,028$(18,291)
Cash and cash equivalents at beginning of period93,11243,585
Cash and cash equivalents at end of period$223,140$25,294
Supplemental disclosure of cash operating activities:
Cash paid for leases included in operating cash outflows$263$244
Supplemental disclosure of non-cash investing and financing activities:
Issuance of common stock in exchange for in-process research and development$41,867$—
Settlement of promissory loan in connection with asset acquisition$5,036$—
Right-of-use assets obtained in exchange for lease liabilities$—$313
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.