---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-033397"
form_type: "8-K"
ticker: "JBIO"
cik: "0001798749"
company_name: "Jade Biosciences, Inc."
filed_at: "2025-04-09T23:59:59+00:00"
generated_at: "2026-05-23T18:32:14.590675+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-033397
- form_type: 8-K
- ticker: JBIO
- cik: 0001798749
- company_name: Jade Biosciences, Inc.
- filed_at: 2025-04-09T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798749/000110465925033397/0001104659-25-033397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798749/000110465925033397/tm2511880d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-033397
- JSON: https://secwatch.observer/filing/0001104659-25-033397.json
- Plain text: https://secwatch.observer/filing/0001104659-25-033397.txt

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