Aerovate declares special $2.40/share cash dividend ($69.6M total) conditional on Jade Biosciences merger

Jade Biosciences, Inc.

Special cash dividend of $69.6M ($2.40/share) declared, payable to holders of record as of April 25, 2025.
Dividend conditioned on merger with Jade Biosciences closing, expected on or about April 28, 2025.
Stockholders to vote on merger at special meeting on April 16, 2025; dividend payment date April 29, 2025.
Dividend expected to be non-taxable return of capital; company has no current or accumulated earnings and profits.

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