secwatch.observer — SEC 8-K summary
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Issuer:     Zura Bio Ltd (ZURA)
CIK:        0001855644
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001104659-24-091602
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855644/000110465924091602/0001104659-24-091602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855644/000110465924091602/tm2422174d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-091602

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