---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-100069"
form_type: "8-K"
ticker: "KRRO"
cik: "0001703647"
company_name: "Korro Bio, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:03:53.694287+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Korro Bio raises ~$70M in PIPE led by Deep Track Capital; pro-forma cash ~$236M

## Summary
- PIPE of 1,249,283 shares at $56.00 each for gross proceeds of ~$70M.
- Pro-forma cash and equivalents ~$236M, including existing $166.4M as of 12/31/23.
- Lead investor Deep Track Capital; participants include Atlas, Blue Owl, NEA, Rock Springs, Tri Locum.
- Proceeds to fund Phase 1/2 trial of KRRO-110 in AATD, expected completion in 2026.
- Regulatory filing for first-in-human study of KRRO-110 anticipated H2 2024; interim readout H2 2025.

## SEC filing metadata
- accession: 0001193125-24-100069
- form_type: 8-K
- ticker: KRRO
- cik: 0001703647
- company_name: Korro Bio, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703647/000119312524100069/0001193125-24-100069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703647/000119312524100069/d803577d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-100069
- JSON: https://secwatch.observer/filing/0001193125-24-100069.json
- Plain text: https://secwatch.observer/filing/0001193125-24-100069.txt

## Key facts
- Material Agreements
  Korro Bio, Inc. entered into Subscription Agreement with a number of institutional accredited investors valued at approximately $70.0 million (effective 2024-04-17).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: a number of institutional accredited investors
  - Value: approximately $70.0 million
  - Effective: 2024-04-17
  source text: On April 17, 2024, we entered into a subscription agreement with a number of institutional accredited investors pursuant to which we agreed to sell and issue in a private placement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703647/000119312524100069/0001193125-24-100069-index.htm

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