secwatch.observer — SEC 8-K summary
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Issuer:     Surrozen, Inc./DE (SRZN)
CIK:        0001824893
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0001193125-21-249342
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.02, 3.02, 9.01, 4.01, 3.03, 5.01, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824893/000119312521249342/0001193125-21-249342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824893/000119312521249342/d184950d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-249342

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