Item 2.02. Results of Operations and Financial Condition.
On January 7, 2022, Nuvalent, Inc. (the "Company") announced that, although it
has not finalized its full financial results for the fourth quarter and fiscal
year ended December 31, 2021, it expects to report that it had cash, cash
equivalents and marketable securities of approximately $288.4 million
(unaudited) as of December 31, 2021. This amount is preliminary and unaudited,
subject to the completion of the Company's financial closing procedures, and
does not present all information necessary for an understanding of the Company's
financial condition as of December 31, 2021, and its results of operations for
the three months and year ended December 31, 2021. The audit of the Company's
consolidated financial statements for the year ended December 31, 2021, is
ongoing and could result in changes to the information set forth herein.
The information in this Current Report on Form 8-K is intended to be furnished
and shall not be deemed "filed" for 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 set forth by specific reference in such
filing.
Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended, including, without
limitation, statements regarding the Company's estimated cash, cash equivalents
and marketable securities as of December 31, 2021, and its expectations related
thereto. The words "may," "might," "will," "could," "would," "should," "expect,"
"plan," "anticipate," "intend," "believe," "expect," "estimate," "seek,"
"predict," "future," "project," "potential," "continue," "target" or the
negative of these terms and similar words or expressions are intended to
identify forward-looking statements, although not all forward-looking statements
contain these identifying words. You should not place undue reliance on these
statements.
Any forward-looking statements in this Form 8-K are based on management's
current expectations and beliefs and are subject to a number of risks,
uncertainties, and important factors that may cause actual events or results to
differ materially from those expressed or implied by any forward-looking
statements contained in this Form 8-K, including, without limitation, potential
changes in estimated cash, cash equivalents and marketable securities based on
the completion of financial closing procedures and release of complete fiscal
2021 results; and other risks described in greater detail in the section
entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the
quarter ended September 30, 2021, as well as any subsequent filings with the
Securities and Exchange Commission. In addition, any forward-looking statements
represent the Company's views only as of the date of this Form 8-K and should
not be relied upon as representing its views as of any subsequent date. The
Company explicitly disclaims any obligation to update any forward-looking
statements.
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