Surrozen raises ~$76.4M in first tranche private placement; appoints Tim Kutzkey to Board

Surrozen, Inc./DE

First tranche closed March 26, 2025; gross proceeds ~$76.4M from 6,586,415 Units at $11.60 each.
Each Unit includes one share (or pre-funded warrant) and one-half Series E Common Warrant ($11.54 exercise, 5-year term).
Second tranche of up to 8,499,821 Units (~$98.6M) conditioned on FDA IND clearance for SZN-8141 by Oct 31, 2026.
Series C and D warrants cancelled; Series A and B exercise prices reduced to $11.54 (management: $12.45).
Dr. Tim Kutzkey (The Column Group) appointed as Class I director; initial option grant for 2,666 shares at $10.66.

item 1.01 item 3.02 item 5.02 item 9.01

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Appointed

Tim Kutzkey

Class I Director

SRZN · Surrozen, Inc./DE

Effective: 2025-03-26
Filed: March 28, 2025, 7:59 PM ET

Upon the recommendation of the Nominating and Corporate Governance Committee, on March 26, 2025, Tim Kutzkey, Ph.D., was appointed to serve as a Class I director of the Company’s Board of Directors

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Tim Kutzkey was appointed as Class I Director at Surrozen, Inc./DE.

Action: appointed
Role: Class I Director

Exact text from the filing

Upon the recommendation of the Nominating and Corporate Governance Committee, on March 26, 2025, Tim Kutzkey, Ph.D., was appointed to serve as a Class I director of the Company’s Board of Directors

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Surrozen, Inc./DE filing history →

Source: SEC EDGAR

accession 0000950170-25-046769

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