Entry into a Material Definitive Agreement · Results of Operations and Financial Condition · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 1.01 Entry into a Material Definitive Agreement. On January 29, 2026 (the “Third Amendment Closing Date”), Replimune Group, Inc. (the “Company”) and certain subsidiaries of the Company (collectively, the “Borrowers”) entered into a Third Amendment to Loan and Security Agreement (the “Amendment”) with Hercules Capital, Inc.…
Filed Feb 3, 2026Accepted Feb 3, 2026, 8:05 AM ESTCIK 1737953Accession 0001104659-26-009510
Replimune Group, Inc., headquartered in Woburn, MA, was founded in 2015 with the mission to transform cancer treatment by pioneering the development of novel oncolytic immunotherapies. Replimune’s proprietary RPx platform is based on a potent HSV-1 backbone intended to maximize immunogenic cell death and the induction of a systemic anti-tumor immune response. The RPx platform is intended to ignite local activity consisting of direct selective virus-mediated killing of the tumor resulting in the release of tumor derived antigens and altering of the tumor microenvironment to then activate a strong and durable systemic response. The RPx product candidates are expected to be synergistic with most established and experimental cancer treatment modalities, leading to the versatility to be developed alone or combined with a variety of other treatment options. For more information, please visit www.replimune.com.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On
January 29, 2026 (the “Third Amendment Closing Date”), Replimune Group, Inc. (the “Company”) and certain subsidiaries
of the Company (collectively, the “Borrowers”) entered into a Third Amendment to Loan and Security Agreement (the “Amendment”)
with Hercules Capital, Inc. (“Hercules”), in its capacity as administrative agent and collateral agent (the “Agent”),
and certain other financial institutions that from time to time may become parties to the Loan Agreement as lenders (collectively, the
“Lenders”), pursuant to which the Company, Hercules, and the Lenders agreed to amend the Loan and Security Agreement
dated October 6, 2022 (as amended by that First Amendment to Loan and Security Agreement dated as of June 28, 2023, and that Second Amendment
to Loan and Security Agreement dated as of December 22, 2023, collectively the “Loan Agreement”) to, among other things, extend
the revenue milestone date thereunder to September 30, 2027.
Pursuant to the Amendment, (i) the third loan tranche
advance under the Loan Agreement was increased from $30 million to $35 million and the availability of the tranche was extended until
June 15, 2026, (ii) the fourth tranche advance under the Loan Agreement was decreased from $50 million to $30 million and the availability
of the tranche was extended until September 30, 2026 or sixty (60) days following the achievement of the approval milestone, (iii) the
availability of the fifth tranche advance under the Loan Agreement of $50 million was extended until December 31, 2027 or sixty (60) days
following the achievement of the revenue milestone, and (iv) the sixth tranche advance under the Loan Agreement was increased from $25
million to $40 million, each subject to the terms and conditions thereof. In addition, the interest rate was amended to be equal to the
greater of either (i) 8.50% and (ii) the Prime Rate (as defined in the Loan Agreement) plus 1.75%, and the amortization date was extended
from October 1, 2026 to October 1, 2027. The third loan tranche advance of $35 million was funded on the Third Amendment Closing Date.
The foregoing description of the Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be filed
as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2025.
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On February 3, 2026, the Company issued a news release announcing its financial results for the third fiscal quarter ended December
31, 2025 and certain corporate updates. A copy of the news release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General
Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed
“filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
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, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The
foregoing description in Item 1.01 above with respect to the Amendment is incorporated into this Item 2.03 by reference. This description
is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be filed as an exhibit to the Company’s
Quarterly Report on Form 10-Q for the quarter ended December 31, 2025.
Filed exhibits (1)
EX-99.1 (by filename) tm264822d1_ex99-1.htm
Exhibit 99.1
Replimune Reports Fiscal Third Quarter 2026
Financial Results and Provides Corporate Update
April 10, 2026 Target Action Date for RP1 in
Advanced Melanoma
Woburn, MA, February 3, 2026 - Replimune Group,
Inc. (Nasdaq: REPL), a clinical stage biotechnology company pioneering the development of novel oncolytic immunotherapies, today announced
financial results for the fiscal third quarter ended December 31, 2025 and provided a business update.
The Company's Biologics License Application (BLA) resubmission for
RP1 (vusolimogene oderparepvec) in anti-PD-1 failed melanoma was accepted by the FDA in October 2025 with a Prescription Drug User Fee
Act (PDUFA) target action date of April 10, 2026. Commercial readiness activities are well underway to support a potential launch, if
approved.
The Company has amended its existing loan agreement with Hercules Capital,
Inc. The amendment included the draw down of $35 million upon closing and the potential to draw another $120 million at post approval
milestones. The amendment also delays the repayment of debt from 2026 to 2027. The Company has extended its cash runway late into the
first quarter of 2027.
“We have been engaged wi…