0001532346 false 0001532346 2022-06-01 2022-06-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
















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


Date of Report (Date of earliest event reported): June 1, 2022




Atreca, Inc.

(Exact name of Registrant as Specified in Its Charter)




Delaware 001-38935 27-3723255

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

835 Industrial Rd., Suite 400
San Carlos, California
(Address of Principal Executive Offices)   (Zip Code)


(650) 595-2595 

(Registrant’s Telephone Number, Including Area Code)




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 Instructions 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 Securities Exchange Act of 1934:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock, $0.0001 par value per share   BCEL   The Nasdaq Stock Market LLC


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 x


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 2.05 Costs Associated with Exit or Disposal Activities


On June 1, 2022, Atreca, Inc. (the “Company”) implemented and announced a corporate reorganization of its operations. In connection with the reorganization, the Company undertook a workforce reduction of more than 25%, including both current employees and open positions, and expects to record severance and employee benefits charges of approximately $0.7 million in the quarter ending June 30, 2022. As a result of the corporate reorganization, the Company believes its existing cash, cash equivalents and investments will be sufficient to fund its operating and capital needs through 2023. The Company will remain focused on the development of ATRC-101, ATRC-301, and its other preclinical oncology programs, and will continue its efforts to generate new lead antibodies against tumor specific targets utilizing its proprietary discovery platform.


Forward-Looking Statements


Statements contained in this report regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “believe, “will,” “remain,” “continue” and similar words are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our strategy and future plans; expected severance and employee benefits charges in the quarter ending June 30, 2022; our ability to fund our operating and capital needs through 2023; and our development of ATRC-101, ATRC-301, and our preclinical and clinical plans. Our actual results may differ materially from those indicated in these forward-looking statements due to risks and uncertainties related to the initiation, timing, progress and results of our research and development programs, preclinical studies, clinical trials, regulatory submissions, and other matters that are described in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) and available on the SEC’s website at www.sec.gov, including the risk factors set forth therein. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report, and we undertake no obligation to update any forward-looking statement in this report, except as required by law.







Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


  Atreca, Inc.
Dated: June 1, 2022 By: /s/ John A. Orwin       
    John A. Orwin
    President and Chief Executive Officer



Historical Stock Chart
From May 2023 to Jun 2023 Click Here for more Atreca Charts.
Historical Stock Chart
From Jun 2022 to Jun 2023 Click Here for more Atreca Charts.