---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-112896"
form_type: "8-K"
ticker: "JBIO"
cik: "0001798749"
company_name: "Jade Biosciences, Inc."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:34:04.208886+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Aerovate to merge with Jade Biosciences; Jade holders to own 98.4%

## Summary
- Aerovate (AVTE) reverse-merges with Jade; pre-merger Jade stockholders receive 98.4% of combined firm; Aerovate holders receive 1.6%.
- Concurrent ~$300M PIPE led by existing Jade investors, including conversion of $95M convertible notes.
- Aerovate to pay ~$65M cash dividend to its pre-merger stockholders; combined company renamed Jade Biosciences, expects ticker 'JBIO'.
- Post-closing board will be six members, all designated by Jade; closing requires stockholder and regulatory approvals.

## SEC filing metadata
- accession: 0001104659-24-112896
- form_type: 8-K
- ticker: JBIO
- cik: 0001798749
- company_name: Jade Biosciences, Inc.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798749/000110465924112896/0001104659-24-112896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798749/000110465924112896/tm2427147d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-112896
- JSON: https://secwatch.observer/filing/0001104659-24-112896.json
- Plain text: https://secwatch.observer/filing/0001104659-24-112896.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.