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[8-K] ImmunityBio, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

ImmunityBio reported a federal court's preliminary approval of a proposed settlement to resolve several stockholder derivative lawsuits brought nominally on behalf of the company. Under the Stipulation, the company will adopt specified corporate governance reforms and will pay attorneys' fees in exchange for a full and complete release and dismissal of the derivative claims. The company states it expects those attorneys' fees will be funded by its insurance carrier. The court has set a final approval hearing for November 4, 2025. The company has posted the Notice and the Stipulation to its Investor Relations website and attached them as Exhibits 99.1 and 99.2.

ImmunityBio ha comunicato che un tribunale federale ha dato l'approvazione preliminare a un accordo proposto per risolvere diverse cause derivate intentate dai soci, nominalmente a nome della società. In base all'accordo, la società adotterà specifiche riforme della governance aziendale e pagherà gli onorari legali in cambio della piena e definitiva estinzione e archiviazione delle pretese derivanti. La società dichiara di prevedere che tali onorari saranno finanziati dalla sua compagnia assicurativa. Il tribunale ha fissato l'udienza per l'approvazione definitiva al 4 novembre 2025. La società ha pubblicato l'Avviso e l'Accordo nella sezione Investor Relations del suo sito web e li ha allegati come Exhibits 99.1 e 99.2.

ImmunityBio informó que un tribunal federal otorgó la aprobación preliminar a un acuerdo propuesto para resolver varias demandas derivadas de accionistas presentadas nominalmente en nombre de la compañía. Según el acuerdo, la compañía adoptará determinadas reformas de gobierno corporativo y pagará los honorarios de los abogados a cambio de la liberación y desestimación completas de las reclamaciones derivadas. La compañía indica que espera que dichos honorarios sean cubiertos por su aseguradora. El tribunal ha fijado la audiencia de aprobación definitiva para el 4 de noviembre de 2025. La compañía ha publicado el Aviso y el Acuerdo en su sitio web de Relaciones con Inversores y los ha adjuntado como Exhibits 99.1 y 99.2.

ImmunityBioëŠ� ì—°ë°© 법ì›ì� 회사 명ì˜ë¡� 형ì‹ì ìœ¼ë¡� 제기ë� 여러 주주 íŒŒìƒ ì†Œì†¡ì� 해결하기 위한 제안ë� í•©ì˜ì•ˆì— 대í•� 예비 승ì¸ì� 내렸다고 보고했습니다. í•©ì˜ì„œì— ë”°ë¼ íšŒì‚¬ëŠ� 명시ë� 기업 지배구ì¡� ê°œí˜ì� 채íƒí•˜ê³  íŒŒìƒ ì²­êµ¬ì—� 대í•� 완전í•� ë©´ì±… ë°� ê°í•˜ì™€ êµí™˜ìœ¼ë¡œ 변호사 비용ì� 지급할 예정입니ë‹�. 회사ëŠ� 해당 변호사 비용ì� 보험사ì—ì„� 충당ë� 것으ë¡� 예ìƒí•œë‹¤ê³� ë°í˜”습니ë‹�. 법ì›ì€ 최종 ìŠ¹ì¸ ì‹¬ë¦¬ë¥� 2025ë…� 11ì›� 4ì�ë¡� 정했습니ë‹�. 회사ëŠ� 공지문과 í•©ì˜ì„œë¥¼ 투ìžìž� ê´€ê³� 웹사ì´íЏì—� 게시하고 Exhibits 99.1 ë°� 99.2ë¡� 첨부했습니다.

ImmunityBio a déclaré qu'un tribunal fédéral avait accordé l'approbation préliminaire d'un règlement proposé visant à résoudre plusieurs actions dérivées d'actionnaires intentées nominalement au nom de la société. Conformément au règlement, la société adoptera des réformes de gouvernance d'entreprise spécifiées et paiera les honoraires d'avocat en échange d'une libération et d'une radiation complètes des demandes dérivées. La société indique s'attendre à ce que ces honoraires soient pris en charge par sa compagnie d'assurance. Le tribunal a fixé l'audience d'approbation définitive au 4 novembre 2025. La société a publié l'Avis et le Règlement sur son site Relations Investisseurs et les a joints en tant qu'Exhibits 99.1 et 99.2.

ImmunityBio meldete, dass ein Bundesgericht die vorläufige Genehmigung eines vorgeschlagenen Vergleichs erteilt hat, um mehrere derivative Aktionärsklagen zu regeln, die nominell im Namen des Unternehmens erhoben wurden. Nach dem Vergleich wird das Unternehmen bestimmte Corporate-Governance-Reformen einführen und Anwaltskosten zahlen, im Gegenzug für einen vollständigen Verzicht auf und die Abweisung der derivativen Ansprüche. Das Unternehmen erklärt, dass es erwartet, dass diese Anwaltskosten von seiner Versicherung getragen werden. Das Gericht hat die abschließende Genehmigungssitzung auf den 4. November 2025 angesetzt. Das Unternehmen hat die Mitteilung und den Vergleich auf seiner Investor-Relations-Website veröffentlicht und sie als Exhibits 99.1 und 99.2 beigefügt.

Positive
  • Preliminary court approval of the proposed settlement advancing resolution of pending derivative litigation
  • Settlement provides for a full and complete release and dismissal of the derivative claims if approved
  • Company expects attorneys' fees to be funded by its insurance carrier, potentially reducing direct cash impact
Negative
  • Settlement requires payment of attorneys' fees as part of the agreement
  • Settlement is subject to final court approval at the hearing scheduled for November 4, 2025, so resolution is not yet final

Insights

TL;DR Settlement requires governance reforms and provides a release of derivative claims, with insurers expected to fund legal fees.

The proposed Stipulation mandates adoption of corporate governance reforms and offers a full release and dismissal of the derivative suits if approved by the court. The company explicitly states that it expects attorneys' fees to be funded by its insurance carrier, which, if realized, would limit direct cash outflow from the company. Finality depends on the scheduled November 4, 2025 hearing and any court determinations about the scope of the reforms.

TL;DR Preliminary court approval advances settlement of derivative litigation; final approval remains pending November 4, 2025.

The court's preliminary approval moves the named derivative actions toward resolution by providing for a stipulated dismissal and release upon settlement terms. The filing confirms the Notice and Stipulation are posted and attached as exhibits, and it identifies the affected cases by name. The material outstanding step is the final approval hearing, which will determine whether the agreed terms become binding.

ImmunityBio ha comunicato che un tribunale federale ha dato l'approvazione preliminare a un accordo proposto per risolvere diverse cause derivate intentate dai soci, nominalmente a nome della società. In base all'accordo, la società adotterà specifiche riforme della governance aziendale e pagherà gli onorari legali in cambio della piena e definitiva estinzione e archiviazione delle pretese derivanti. La società dichiara di prevedere che tali onorari saranno finanziati dalla sua compagnia assicurativa. Il tribunale ha fissato l'udienza per l'approvazione definitiva al 4 novembre 2025. La società ha pubblicato l'Avviso e l'Accordo nella sezione Investor Relations del suo sito web e li ha allegati come Exhibits 99.1 e 99.2.

ImmunityBio informó que un tribunal federal otorgó la aprobación preliminar a un acuerdo propuesto para resolver varias demandas derivadas de accionistas presentadas nominalmente en nombre de la compañía. Según el acuerdo, la compañía adoptará determinadas reformas de gobierno corporativo y pagará los honorarios de los abogados a cambio de la liberación y desestimación completas de las reclamaciones derivadas. La compañía indica que espera que dichos honorarios sean cubiertos por su aseguradora. El tribunal ha fijado la audiencia de aprobación definitiva para el 4 de noviembre de 2025. La compañía ha publicado el Aviso y el Acuerdo en su sitio web de Relaciones con Inversores y los ha adjuntado como Exhibits 99.1 y 99.2.

ImmunityBioëŠ� ì—°ë°© 법ì›ì� 회사 명ì˜ë¡� 형ì‹ì ìœ¼ë¡� 제기ë� 여러 주주 íŒŒìƒ ì†Œì†¡ì� 해결하기 위한 제안ë� í•©ì˜ì•ˆì— 대í•� 예비 승ì¸ì� 내렸다고 보고했습니다. í•©ì˜ì„œì— ë”°ë¼ íšŒì‚¬ëŠ� 명시ë� 기업 지배구ì¡� ê°œí˜ì� 채íƒí•˜ê³  íŒŒìƒ ì²­êµ¬ì—� 대í•� 완전í•� ë©´ì±… ë°� ê°í•˜ì™€ êµí™˜ìœ¼ë¡œ 변호사 비용ì� 지급할 예정입니ë‹�. 회사ëŠ� 해당 변호사 비용ì� 보험사ì—ì„� 충당ë� 것으ë¡� 예ìƒí•œë‹¤ê³� ë°í˜”습니ë‹�. 법ì›ì€ 최종 ìŠ¹ì¸ ì‹¬ë¦¬ë¥� 2025ë…� 11ì›� 4ì�ë¡� 정했습니ë‹�. 회사ëŠ� 공지문과 í•©ì˜ì„œë¥¼ 투ìžìž� ê´€ê³� 웹사ì´íЏì—� 게시하고 Exhibits 99.1 ë°� 99.2ë¡� 첨부했습니다.

ImmunityBio a déclaré qu'un tribunal fédéral avait accordé l'approbation préliminaire d'un règlement proposé visant à résoudre plusieurs actions dérivées d'actionnaires intentées nominalement au nom de la société. Conformément au règlement, la société adoptera des réformes de gouvernance d'entreprise spécifiées et paiera les honoraires d'avocat en échange d'une libération et d'une radiation complètes des demandes dérivées. La société indique s'attendre à ce que ces honoraires soient pris en charge par sa compagnie d'assurance. Le tribunal a fixé l'audience d'approbation définitive au 4 novembre 2025. La société a publié l'Avis et le Règlement sur son site Relations Investisseurs et les a joints en tant qu'Exhibits 99.1 et 99.2.

ImmunityBio meldete, dass ein Bundesgericht die vorläufige Genehmigung eines vorgeschlagenen Vergleichs erteilt hat, um mehrere derivative Aktionärsklagen zu regeln, die nominell im Namen des Unternehmens erhoben wurden. Nach dem Vergleich wird das Unternehmen bestimmte Corporate-Governance-Reformen einführen und Anwaltskosten zahlen, im Gegenzug für einen vollständigen Verzicht auf und die Abweisung der derivativen Ansprüche. Das Unternehmen erklärt, dass es erwartet, dass diese Anwaltskosten von seiner Versicherung getragen werden. Das Gericht hat die abschließende Genehmigungssitzung auf den 4. November 2025 angesetzt. Das Unternehmen hat die Mitteilung und den Vergleich auf seiner Investor-Relations-Website veröffentlicht und sie als Exhibits 99.1 und 99.2 beigefügt.

false 0001326110 0001326110 2025-08-08 2025-08-08
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 8, 2025

 

 

ImmunityBio, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-37507   43-1979754

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

3530 John Hopkins Court

San Diego, California 92121

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (844) 696-5235

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 (see General Instruction A.2. below):

 

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 class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share   IBRX   The Nasdaq Global Select 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 8.01.

Other Events.

As previously disclosed in the Company’s Form 10-Q filed on August 5, 2025, on July 29, 2025 the United States District Court for the Southern District of California (the “Court”) issued an order (the “Order”) providing for preliminary approval of a proposed settlement of the claims asserted nominally on behalf of ImmunityBio, Inc. (the “Company”) against the individual defendants named in the previously disclosed stockholder derivative actions entitled Van Luven v. Soon-Shiong et al., Case No. 3:24-cv-02014-GPC-VET, Barbieri v. Soon-Shiong, et al., Case No. 3:25-cv-00416-AGS-JLB and Shin v. Soon-Shiong, et al., Case No. 3:25-cv-00423-JAH-DDL, pending before the Court in accordance with the Stipulation and Settlement Agreement entered in May 2025 (the “Stipulation”). The proposed settlement calls for the Company to adopt certain corporate governance reforms as described further in the Stipulation, and pay attorneys’ fees, which the Company expects to be funded by its insurance carrier, in exchange for a full and complete release and dismissal of the derivative actions. The Order set a final approval hearing for November 4, 2025.

As required by the Order, the Company has posted a copy of the Notice of Proposed Derivative Settlement (the “Notice”) and the Stipulation to the Investor Relations section of the Company’s website, and on August 8, 2025 is filing this Current Report on Form 8-K and attaching the Notice and Stipulation as exhibits hereto, copies of which are attached as Exhibit 99.1 and 99.2, respectively.

 

Item 9.01

Financial Statements and Exhibits.

(d)Exhibits.

 

Exhibit
Number
  

Description of Exhibit

99.1*    Notice of Proposed Derivative Settlement.
99.2*    Stipulation and Settlement Agreement.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
*

Filed herewith.


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.

 

      IMMUNITYBIO, INC.
      Registrant
Date: August 8, 2025     By:  

/s/ Jason R. Liljestrom

      Jason R. Liljestrom
      General Counsel and Corporate Secretary

FAQ

What did ImmunityBio (IBRX) disclose in this 8-K?

The company disclosed that a court granted preliminary approval of a proposed derivative settlement requiring corporate governance reforms and payment of attorneys' fees, and that it posted the Notice and Stipulation as exhibits.

Which derivative cases are covered by the settlement involving ImmunityBio (IBRX)?

The filing names the derivative actions: Van Luven v. Soon-Shiong et al., Barbieri v. Soon-Shiong et al., and Shin v. Soon-Shiong et al.

Will ImmunityBio pay the attorneys' fees under the settlement?

The Stipulation calls for the company to pay attorneys' fees, and the company states it expects those fees to be funded by its insurance carrier.

When is the final approval hearing for the proposed settlement?

The court set the final approval hearing for November 4, 2025.

Where can investors find the Notice and Stipulation for the ImmunityBio (IBRX) settlement?

The company posted the Notice and the Stipulation to the Investor Relations section of its website and attached them as Exhibits 99.1 and 99.2 to the report.
Immunitybio Inc

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2.25B
291.04M
74.06%
9.35%
8.72%
Biotechnology
Biological Products, (no Disgnostic Substances)
United States
SAN DIEGO