{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-238883","form_type":"8-K","ticker":"EQ","cik":"0001746466","company_name":"Equillium, Inc.","filed_at":"2022-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:56.890472+00:00","generated_at":"2026-06-23T15:35:41.267254+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Equillium to acquire Metacrine in all-stock deal; adds $33M cash, MET642 candidate","bullets":["All-stock merger adds ~$33M cash to Equillium's balance sheet, extending runway into 2024.","Transaction valued at 25% premium over Metacrine net cash (~$26M); EQ shares priced between $2.70 and $4.50.","Equillium assumes $15M Metacrine debt from K2 HealthVentures; retires its own $10M Oxford/SVB facility.","Acquisition includes MET642, a Phase 2-ready oral FXR agonist for ulcerative colitis; strategic partner sought.","Preston Klassen (Metacrine CEO) appointed to Equillium board; no Metacrine employees retained. Closing late 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-238883","json":"https://secwatch.observer/filing/0001193125-22-238883.json","markdown":"https://secwatch.observer/filing/0001193125-22-238883.md","text":"https://secwatch.observer/filing/0001193125-22-238883.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1746466/000119312522238883/0001193125-22-238883-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1746466/000119312522238883/d336866d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T15:35:41.267254+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}