PART II INFORMATION NOT REQUIRED IN PROSPECTUS Item 14. Other Expenses of Issuance and Distribution. The following table sets forth estimates of the various expenses, other than any underwriting discounts and commissions
Monday, November 17, 2025 BiopharmaWatch Research 1 min read
Key Takeaway: The document provides information about the estimated expenses associated with the issuance and distribution of securities for VSTM. It outlines various costs including registration fees, printing, legal and accounting fees, and miscellaneous expenses. The total estimated expenses amount to $400,000, excluding any underwriting discounts and commissions. This information likely pertains to the company's preparations for securities registration but does not indicate any significant developments or adverse events.
Price reaction · baseline $7.555 (2025-11-14 close) · clean, no other VSTM news in the window
day 0 close
+21.1%
day 1
+22.7%
day 3 · peak
+29.8%
Market Sentiment Analysis
BiopharmaWatch Analysis
From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+156%
120-day peak, hindsight
Typical move
28.1%
average across 4 past catalysts
Cash runway
~9 mo
Medium dilution risk
Lead asset
VS-7375
Phase 1 · Pancreatic Ductal Adenocarcinoma
Full Press Release Details
INFORMATION NOT REQUIRED
Item 14. Other Expenses of Issuance and
The following table sets forth estimates of the various expenses, other than any underwriting discounts and commissions, in connection
with the sale and distribution of the securities being registered.
Securities and Exchange Commission Registration Fee
$
(1
)
Printing and related expenses
20,000
Legal fees and expenses
300,000
Accounting fees and expenses
60,000
Transfer Agent and Registrar fees
5,500
Miscellaneous
14,500
Total
$
400,000
Frequently Asked Questions
What is the total estimated expense of issuance?
The total estimated expense of issuance is $400,000.
How much are the legal fees in issuance?
Legal fees and expenses amount to $300,000.
What are the printing expenses related to?
Printing and related expenses are estimated at $20,000.