secwatch.observer — SEC 8-K summary
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Issuer:     PROKIDNEY CORP. (PROK)
CIK:        0001850270
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0000950103-23-016461
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProKidney to repurchase 7.26M shares from two holders for ~$9.5M
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- Repurchase of 7,256,367 Class A ordinary shares at $1.309/share from SC PIPE Holdings and SC Master Holdings.
- Aggregate purchase price approx. $9.5 million; closing expected November 21, 2023.
- Unanimously approved by Board; not part of existing repurchase program.
- Operating cash guidance unchanged – funding into Q4 2025.
- Repurchase from SC PIPE Holdings LLC and SC Master Holdings LLC (Selling Shareholders).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850270/000095010323016461/0000950103-23-016461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850270/000095010323016461/dp202963_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-016461

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer