Relay Therapeutics

Relay Therapeutics
Relay Therapeutics
Company Information
Company Description

Relay Therapeutics is a clinical-stage precision medicines company transforming the drug discovery process with the goal of bringing life-changing therapies to patients. Their Dynamo platform integrates an array of experimental and computational approaches to provide a differentiated understanding of protein structure and motion to drug these targets. Their initial focus is enhancing small molecule therapeutic discovery in targeted oncology.

Industries
Biotechnology, Health Care, Therapeutics

Please note, it is important to assess the company’s business activities against Section 1202(e)(3) which specifies certain industries that are not considered a “qualified trade or business.”

Entity Type
C Corporation

A C corporation is a qualified legal entity for QSBS.

Incorporation Date

2016

Incorporation State
Massachusetts
Qualified Small Business Stock (QSBS) Details

Exemption Level

Given the Company was incorporated after September 27, 2010, all shares could be eligible for up to a 100% tax exclusion if the other QSBS criteria are met.

Any individual owning stock purchased or received directly from the company could potentially be eligible for the QSBS capital gains tax exclusion or the Section 1045 gain rollover if the QSBS standards as per IRC Section 1202 were met at the time of issuance.

In order to assess whether stock issued previously may qualify, the Company would also have to have not taken actions that invalidate QSBS status such as a certain level of redemptions, and would have to satisfy the active business requirement.

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IPO Details
IPO Date
Symbol
RLAY
IPO Raised
$400,000,000.00
IPO Price
$20.00
IPO Date Adjusted Closing Price
$35.05

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.