Kineta (KA) to Join Russell Microcap Index

Kineta, Inc. (Nasdaq: KA) announced today that the company is set to join the Russell Microcap® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary list of additions posted on May 19, 2023.

Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“We are pleased to be added to the Russell Microcap® Index in this first year of being a publicly traded company. The inclusion of Kineta into the Russell Microcap® Index should provide increased exposure to stockholders and institutional investors,” said Shawn Iadonato, Ph.D., Chief Executive Officer of Kineta. “We believe we are well-positioned to build momentum and drive near and long-term value as we progress the Phase 1/2 clinical study of KVA12123, Kineta’s novel VISTA blocking immunotherapy, in patients with advanced solid tumors.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

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