Zura Bio enters share surrender and warrant deal with Venrock; 4M shares cancelled, 4M pre-funded warrants issued

Zura Bio Ltd

Venrock affiliates surrendered 4,000,000 Class A ordinary shares for no consideration; shares cancelled.
Company issued pre-funded warrants to purchase 4,000,000 ordinary shares at $0.001/share, no expiration.
Post-transaction: 63,207,088 Class A shares and 23,884,348 pre-funded warrants outstanding as of Aug 21, 2024.
Warrants exercisable immediately, subject to 9.99% beneficial ownership limitation.
Issuance exempt under Section 3(a)(9) of Securities Act; no solicitation commissions paid.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.