secwatch.observer — SEC 8-K summary
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Issuer:     Zura Bio Ltd (ZURA)
CIK:        0001855644
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001104659-25-036057
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 exchanges 6.5M shares for pre-funded warrants at $0.001/share
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- Venrock surrenders 3.5M shares; AI Biotechnology surrenders 3.0M shares for no consideration.
- Company issues pre-funded warrants to purchase same number of shares at $0.001 per share, no expiration.
- Post-closing expected shares: 61,874,998 outstanding Class A; 30,384,348 pre-funded warrants.
- Warrants exercisable immediately with 9.99% beneficial ownership limitation; exempt under Section 3(a)(9).
- No commissions paid; warrants substantially identical to form filed April 22, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855644/000110465925036057/0001104659-25-036057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855644/000110465925036057/tm2512482d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-036057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer