secwatch.observer — SEC 8-K summary
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Issuer:     Gazelle Parent, Inc. (OBX)
CIK:        0002130606
Form:       8-K/A
Filed at:   2026-08-14T20:29:52+00:00
Accession:  0001193125-26-352388
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Obsidian completes merger with Galera, closes $350M PIPE; H1 net loss $45.5M
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- Merger closed July 31, 2026; Obsidian and Galera now subsidiaries of Gazelle Parent, Inc.
- Concurrent PIPE financing raised ~$350M gross proceeds, funding operations for next 12 months.
- H1 2026 net loss $45.5M; R&D expenses $37.3M, down from $44.1M YoY.
- Cash, equivalents, and marketable securities $34.4M at June 30, 2026 (pre-PIPE).
- Lead candidate OBX-115 in Phase 2 for melanoma and Phase 1 for NSCLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2130606/000119312526352388/0001193125-26-352388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2130606/000119312526352388/obx-20260731.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-352388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer