secwatch.observer — SEC 8-K summary
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Issuer:     Zura Bio Ltd (ZURA)
CIK:        0001855644
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001104659-23-036697
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 2.01, 3.02, 9.01, 4.01, 3.03, 5.03, 5.01, 5.02, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Zura Bio closes SPAC merger with JATT; $165M consideration, $140M redemptions
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- Business Combination closed March 20, 2023; JATT renamed to Zura Bio Limited.
- Holdco securityholders received $165M in aggregate value; 14.6M Class A shares issued.
- Shareholders redeemed 13.6M shares for ~$139.7M; PIPE raised $20.1M from Ewon and Eugene.
- Post-closing cap table: 27.6M Class A shares, 6.9M public warrants, 5.9M private warrants, 2.2M options.
- Hydra promissory note of $8M repaid at $10M (125%) on March 21, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855644/000110465923036697/0001104659-23-036697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855644/000110465923036697/tm2310353d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-036697

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