other material
confidence high
sentiment neutral
materiality 0.75
Zura Bio terminates prior Stone Peach/BAFFX17 agreements, issues 8.66M shares to Athanor Capital
Zura Bio Ltd
- Terminated Letter Agreements with Stone Peach and BAFFX17; entered new Athanor Agreement on Dec 29, 2025.
- Issued 8,657,402 Class A ordinary shares to Athanor; $7.325M upfront fee and $25M milestone payment on change of control or first regulatory approval.
- Athanor receives piggyback registration rights and 2% net sales royalty on tibulizumab (ZB-106) from the Lilly license.
- Audit Subcommittee review completed; no financial statement impact or employee misconduct found.
- New terms deemed more commercially advantageous; prior agreements voided with broad releases.