Zura Bio shareholders approve $64M private placement and equity plan expansion

Zura Bio Ltd

Issuance of 15,073,530 shares (including 3,782,000 pre-funded warrants) for ~$64M approved; closing June 5.
Chairman Amit Munshi to receive 117,647 shares and options for 1,130,000 shares under Equity Compensation Proposal.
Equity Incentive Plan increased by 5,564,315 shares to total 9,594,213 shares, plus annual 5% evergreen increase.
Combined with $16M issued May 1, total placement exceeds 20% of outstanding shares at a discount to Nasdaq's Minimum Price.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Zura Bio Ltd shareholders approved Equity Compensation Proposal - issuance and grant of options to Amit Munshi at the 2023-06-01 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

The voting results of the Ordinary Shares were as follows: Votes For Votes Against Abstentions 21,823,616 1,400 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Zura Bio Ltd shareholders approved EIP Amendment Proposal - amend 2023 Equity Incentive Plan to increase shares by 5,564,315 at the 2023-06-01 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

The voting results of the Ordinary Shares were as follows: Votes For Votes Against Abstentions 21,822,290 2,726 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Zura Bio Ltd shareholders approved Private Placement Proposal - issuance of Ordinary Shares and Pre-Funded Warrants at the 2023-06-01 meeting.

Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

The voting results of the Ordinary Shares were as follows: Votes For Votes Against Abstentions 18,511,602 481 6

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Zura Bio Ltd filing history →

Source: SEC EDGAR

accession 0001104659-23-067181

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