secwatch.observer — SEC 8-K summary
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Issuer:     Surrozen, Inc./DE (SRZN)
CIK:        0001824893
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0000950170-24-040337
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surrozen raises $17.5M in private placement with milestone-triggered warrants
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- Issues 1,089,033 shares at $15.50 and pre-funded warrants for 40,000 shares at $15.4999.
- Management purchases 2,948 shares at $16.96; total gross proceeds ~$17.5M.
- Series A warrants: 1,129,033 shares at $15.50, exercisable for 5 years.
- Series B warrants: 1,228,071 shares at $14.25; exercisable after 15-patient enrollment milestone in SZN-043 trial.
- Series C/D warrants: each up to 4,375,000 shares at $16.00, exercisable after Phase 1b data or ≥50 patient enrollment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824893/000095017024040337/0000950170-24-040337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824893/000095017024040337/srzn-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-040337

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