{"filings":[{"id":861324,"accession_number":"0001213900-26-065294","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2026-06-04T20:15:32+00:00","items":["5.07"],"status":"ready","headline":"Oruka Therapeutics stockholders elect directors, ratify auditor, approve say-on-pay at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Lawrence Klein (43.9M votes for) and Chris Martin (43.9M for) elected as Class II directors; 1.3M broker non-votes.","Ratification of PricewaterhouseCoopers as auditor for FY2026 passed: 45.2M for, 39,637 against, 3,432 abstain.","Non-binding advisory vote on named executive officer compensation approved: 43.0M for, 875,114 against, 73,091 abstain; 1.3M broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":777719,"accession_number":"0001213900-26-063481","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2026-06-01T20:01:27+00:00","items":["8.01","9.01"],"status":"ready","headline":"Oruka Therapeutics expands ORKA-001 license to include IBD; clinical dosing restrictions until 2028-2030","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Oruka amended IL-23 license with Paragon to expand field to include inflammatory bowel disease (IBD).","Cannot dose ORKA-001 in combination IBD trial before June 1, 2028, or monotherapy before June 1, 2030.","If material transaction occurs (e.g., change of control), monotherapy restriction ends June 1, 2028.","Paragon's exclusivity for monospecific antibodies in IBD extended to October 11, 2029."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99635,"accession_number":"0001213900-26-050249","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2026-04-30T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"Oruka Therapeutics closes 9.66M-share offering at $72.50; prelim cash $496M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Oruka completed underwritten public offering of 9,660,000 shares of common stock at $72.50 per share, raising gross proceeds of approximately $700 million.","Underwriters have a 30-day option to purchase up to an additional 1,449,000 shares at the public offering price.","Preliminary estimate of cash, cash equivalents, and investments as of March 31, 2026 is approximately $496 million.","Offering closed April 30, 2026; underwriting agreement dated April 28, 2026 with Leerink, TD, Goldman Sachs, Stifel, Guggenheim."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99634,"accession_number":"0001213900-26-047743","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2026-04-27T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Oruka Phase 2a EVERLAST-A meets primary endpoint: 63.5% PASI 100 at Week 16 in psoriasis","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["ORKA-001 achieved 63.5% (40/63) PASI 100 at Week 16 vs 4.8% placebo (p<0.0001), exceeding primary endpoint.","Secondary endpoints: PASI 90 82.5%, IGA 0 63.5%, IGA 0/1 84.1% vs 4.8% placebo.","Safety: well-tolerated; no serious TEAEs, no discontinuations; URI 19% vs 14% placebo.","Updated Phase 1 PK/PD data support once-yearly dosing; concentrations above effective trough for 52 weeks.","Longer-term EVERLAST-A data (Week 28, 52-wk) expected 2H 2026; EVERLAST-B Phase 2b data expected 2027."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132177,"accession_number":"0001213900-25-120676","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Oruka Therapeutics appoints Christopher Martin to board; Cameron Turtle resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Cameron Turtle resigned as director on Dec 11, 2025; not due to disagreement with the company.","Christopher Martin appointed as Class II director, Chair of Compensation Committee, and Audit Committee member.","Martin previously Chief Commercial Officer at Verona Pharma, acquired by Merck for ~$10B in Oct 2025.","He received an option to buy 35,000 shares vesting over 3 years; annual cash retainers: $40K (board), $12K (Comp Chair), $7.5K (Audit).","Martin also serves on the board of Edgewise Therapeutics (EWTX)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148751,"accession_number":"0001213900-25-090129","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2025-09-22T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Oruka raises $180M; ORKA-001 Phase 1 shows ~100-day half-life, supports annual dosing","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Private placement gross proceeds ~$180M; issued 10.9M shares at $15.00 and pre-funded warrants for 1.07M shares.","ORKA-001 half-life ~100 days (>3x risankizumab), PK supports potential once-yearly maintenance dosing.","Phase 1 showed complete STAT3 inhibition through 24 weeks; no severe TEAEs; safety consistent with IL-23 class.","EVERLAST-A Phase 2a enrollment ongoing, data expected 2H 2026; EVERLAST-B Phase 2b to start 1H 2026.","Pro forma shares outstanding ~67.1M; cash expected to fund into 2027 after key data readouts."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148750,"accession_number":"0001213900-25-060352","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2025-07-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Oruka Therapeutics appoints Laura Sandler as COO, effective July 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Base salary of $460,000 per year; eligible for annual bonus targeted at 40% of base.","Granted option to purchase 25,000 shares of common stock; vests 25% on first anniversary, then monthly over 36 months.","Severance: 12 months base salary if terminated without cause or for good reason outside change-in-control period.","Within change-in-control period: severance of 1x base salary plus target bonus, plus full equity acceleration.","Sandler previously served as SVP of Operations at Oruka since March 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167628,"accession_number":"0001213900-25-050756","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2025-06-03T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Oruka Therapeutics shareholders elect directors, ratify auditor, approve say-on-pay","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected Carl Dambkowski (26,047,914 for) and Peter Harwin (25,935,823 for) as Class I directors.","Ratified PricewaterhouseCoopers as independent auditor for FY 2025 (26,781,030 for, 1,848 against).","Non-binding advisory vote approved named executive officer compensation (25,824,834 for, 88,740 against).","Non-binding vote favored annual frequency for future say-on-pay; board adopted annual frequency.","All proposals passed; broker non-votes of 732,854 on director and compensation proposals."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184913,"accession_number":"0001213900-25-010525","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2025-02-05T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Oruka Therapeutics licenses IL-17A/F antibodies from Paragon; up to $22M in milestones","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exclusive worldwide license to develop and commercialize Paragon's anti-IL-17A/F antibodies.","Milestone payments up to $22M, including $1.5M for candidate nomination and $2.5M for first Phase 1 dosing.","Low single-digit royalty on antibody products; royalty term up to 12 years after first sale.","Paragon agrees not to conduct new anti-IL-17A/F campaigns in the field for at least 5 years.","Company may terminate agreement on 60 days' notice; termination for breach or insolvency."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201506,"accession_number":"0001213900-24-110303","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-12-19T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Oruka Therapeutics enters exclusive IL-23 license with Paragon; up to $22M milestones","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Oruka grants exclusive worldwide license for anti-IL-23 antibodies (ORKA-001) from Paragon, excluding inflammatory bowel disease.","Milestone payments up to $22M including $1.5M for development candidate nomination and $2.5M for first Phase 1 dosing.","Low single-digit royalty on antibody products; royalty term ends 12 years after first sale or last-to-expire patent.","Paragon will not conduct new anti-IL-23 monospecific antibody campaigns in Field for at least 5 years.","Company may terminate on 60 days notice; agreement also subject to material breach and insolvency provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201505,"accession_number":"0001213900-24-099645","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Oruka shareholders approve Series A conversion and adjournment proposals","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["30,598,476 shares voted for Series A conversion; 6,026 against; 1,089 abstaining; no broker non-votes.","29,294,720 shares voted for adjournment proposal; 1,309,805 against; 1,066 abstaining.","Both proposals approved at special meeting held November 14, 2024.","Conversion involves Series A Non-Voting Convertible Preferred Stock issued September 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201504,"accession_number":"0001213900-24-098530","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Oruka files retroactively adjusted pre-merger audited financials as of Feb 6, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Balance sheet shows $1K subscription receivable, zero cash; total stockholders' equity $1K.","Auditor's report includes going concern qualification due to no revenue and operating losses.","Adjustments reflect 1-for-12 reverse stock split and 6.8569 exchange ratio from August 2024 merger.","No new operational or financial information beyond the previously closed business combination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201503,"accession_number":"0001213900-24-085543","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-10-04T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Oruka Therapeutics amends CEO & SVP employment agreements, revising severance terms","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO Klein: outside CIC, severance = 12 months base salary + 30% time-based equity vesting. Within CIC, 1.5x base+bonus + full equity acceleration.","SVP Agarwal: outside CIC, 9 months base salary. Within CIC, 0.75x base+bonus + full equity acceleration and 9 months COBRA.","Agreements also provide full time-based equity acceleration upon death/disability for Klein.","Base salary ($600K for CEO) and target bonus (50% of base) remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217510,"accession_number":"0001213900-24-078549","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-09-13T23:59:59+00:00","items":["1.01","5.03","3.02","7.01","9.01"],"status":"ready","headline":"Oruka raises $200M via PIPE; accelerates ORKA-001/002 clinical timelines","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds of ~$200M from sale of common stock, preferred stock, and pre-funded warrants at $23.00 per common share.","Cash runway extended through 2027; closing expected September 13, 2024.","First-in-human dosing of ORKA-001 (IL-23p19 mAb) now expected Q1 2025; ORKA-002 (IL-17A/F mAb) expected Q3 2025.","Preclinical data show ORKA-001 half-life >30 days in NHPs; data to be presented at EADV September 25-28.","Pro forma shares outstanding expected to be ~55.1 million including all conversions and warrants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217509,"accession_number":"0001213900-24-076184","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-09-05T23:59:59+00:00","items":["5.07","1.01","2.01","5.02","9.01","2.02","3.03","4.01","5.01","5.03","5.05","5.06","7.01"],"status":"ready","headline":"ARCA completes reverse merger with Oruka; combined entity renamed Oruka Therapeutics (ORKA)","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger closed: ARCA (shell) merges with private Oruka; Oruka shareholders own ~97.6% of combined company.","Pre-closing financing raised ~$275M gross from new & existing investors; includes $25M convertible note.","Special cash dividend of ~$23.4M ($1.613/share) paid to ARCA stockholders on Aug 28, 2024.","Reverse stock split (1-for-12) effective Sept 3, 2024; post-split common shares outstanding: ~29.4M.","Combined company changes name to Oruka Therapeutics, Inc. (ORKA) and begins trading on Nasdaq."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217508,"accession_number":"0001213900-24-072683","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-08-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"ARCA sets special dividend at $1.613/share for Oruka merger; ex-date Aug 29","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Special cash dividend of $1.613 per share payable on Aug 28 to holders of record Aug 26.","Ex-dividend date set for Aug 29 due to dividend exceeding 25% of stock price; due bill period Aug 25-28.","Merger with Oruka Therapeutics expected to close Aug 29; combined company to trade as ORKA on Nasdaq Global Market.","Reverse stock split at 1-for-12 effective Sept 3, 2024, after merger close."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217507,"accession_number":"0001213900-24-072251","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-08-23T23:59:59+00:00","items":["5.07","8.01","9.01"],"status":"ready","headline":"ARCA shareholders approve merger with Oruka; 1-for-12 reverse split set for Sept 3 trading under ORKA","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Shareholders approved all 9 proposals at Aug 22 special meeting, including merger, share increase to 545M, and reverse split.","Board set reverse stock split ratio at 1-for-12; 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merger close expected August 29, 2024.","Dividend amount based on ARCA's net cash exceeding $5M; actual amount may vary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217505,"accession_number":"0001213900-24-069662","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-08-15T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"ARCA biopharma sells legacy Gencaro and rNAPc2 assets to Genvara for $300K","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["ARCA entered Asset Purchase Agreement with Genvara Biopharma to sell all rights in Gencaro (bucindolol) for atrial fibrillation and rNAPc2 (AB201) for COVID-19.","Total cash consideration is $300,000, payable pre-closing and held in escrow until the Closing.","Closing of asset sale is automatic immediately following the First Merger (Oruka merger).","Buyer Genvara is controlled by Dr. Michael Bristow, ARCA's former President/CEO.","The asset sale is a condition to the broader reverse merger with Oruka Therapeutics."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217504,"accession_number":"0000950170-24-089329","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARCA biopharma Q2 net loss widens to $2.7M, cash $33.3M; 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corrections are procedural."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237386,"accession_number":"0000950170-24-048364","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-04-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ARCA biopharma Q1 net loss $2.0M, cash $35.9M; Oruka merger and CEO change detailed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net loss for Q1 2024 was $2.0M ($0.14 per share) vs $1.3M ($0.09) in Q1 2023.","Cash and equivalents $35.9M at March 31, 2024, down from $37.4M at Dec. 31, 2023; funds operations through mid-2025.","G&A expenses rose to $2.3M from $1.4M due to $1.1M in professional fees related to the Oruka merger.","CEO Michael Bristow separated effective April 3, 2024; Thomas Keuer appointed President and principal executive officer.","Merger with Oruka Therapeutics is subject to conditions; failure could lead to dissolution or alternative strategic transaction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":3497498949.999661,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237385,"accession_number":"0000950170-24-046918","cik":907654,"company_name":"Oruka Therapeutics, Inc.","ticker":"ORKA","form_type":"8-K","filed_at":"2024-04-23T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"ARCA biopharma boosts CEO and CFO retention bonuses to $200K each","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board approved 33.33% increase in retention bonuses for Thomas A. 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