$Kintara Therapeutics (KTRA.US)$ The text describes details ...

$Kintara Therapeutics (KTRA.US)$ The text describes details regarding the ownership and valuation of two companies, Kintara and TuHURA, in the context of their merger. Here's a summary and explanation:

### Summary:
- **Record Date and Holders:**
- As of August 14, 2024 (the Record Date), Kintara had about 436 registered shareholders of its common stock.
- As of August 1, 2024, TuHURA had around 203 shareholders of its common stock and 135 of its preferred stock.

- **Valuation of Companies:**
- TuHURA was valued at approximately $190.7 million, which includes:
- A pre-negotiated enterprise value of $160.0 million.
- An additional $30.7 million raised by TuHURA through a specific financing deal (TuHURA Note Financing).
- Kintara was valued at $11 million, which is based on its expected net cash at the time of the merger's closing.

- **Ownership and Exchange Ratio:**
- The exchange ratio for the merger between TuHURA and Kintara was determined to be approximately 6.2400. This ratio affects how shares of the two companies will be converted into shares of the newly combined company.

### Explanation:
The text provides information about a merger between two companies, Kintara and TuHURA. Each company has a certain number of shareholders, and their combined ownership in the new, merged entity will depend on the agreed valuations of each company.

- **Valuation Breakdown:**
- **TuHURA:** Its higher value ($190.7 million) suggests it's the larger entity in the merger. The value includes both the company's intrinsic worth (enterprise value) and the money it recently raised.
- **Kintara:** Its lower valuation of $11 million is primarily based on its expected cash reserves at the time of the merger, indicating it might be a smaller or less financially robust company compared to TuHURA.

- **Exchange Ratio:**
- The exchange ratio of 6.2400 suggests that for every share of Kintara, shareholders might receive approximately 6.24 shares in the newly formed company. This ratio ensures that the final ownership stakes in the merged company reflect the agreed valuations of Kintara and TuHURA.

The key takeaway is that this merger is heavily tilted in favor of TuHURA due to its higher valuation, and the exchange ratio reflects that Kintara shareholders will receive more shares in the combined company to balance the difference in value.