---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-249342"
form_type: "8-K"
ticker: "SRZN"
cik: "0001824893"
company_name: "Surrozen, Inc./DE"
filed_at: "2021-08-17T23:59:59+00:00"
generated_at: "2026-06-29T09:38:43.790074+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Surrozen completes SPAC merger; PIPE raises $120.2M, shares trade on Nasdaq under SRZN

## Summary
- Business combination closed Aug 11, 2021; CHFW domesticated as Delaware corporation renamed Surrozen, Inc.
- PIPE Financing of $120.2M consummated; 12.02M units at $10.00 per unit with one-third warrant.
- 6.75M shares redeemed for $67.5M cash; post-merger shares: 35.0M common, 3.2M IPO warrants, 4.0M PIPE warrants.
- Surrozen pre-merger net loss $25.7M for H1 2021; accumulated deficit $113.7M as of June 30, 2021.
- Pro forma cash increase of ~$123.1M; existing cash of $25.4M plus PIPE proceeds after transaction costs.

## SEC filing metadata
- accession: 0001193125-21-249342
- form_type: 8-K
- ticker: SRZN
- cik: 0001824893
- company_name: Surrozen, Inc./DE
- filed_at: 2021-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 3.02, 9.01, 4.01, 3.03, 5.01, 5.05, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1824893/000119312521249342/0001193125-21-249342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1824893/000119312521249342/d184950d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-249342
- JSON: https://secwatch.observer/filing/0001193125-21-249342.json
- Plain text: https://secwatch.observer/filing/0001193125-21-249342.txt

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