ARCA sets special dividend at $1.613/share for Oruka merger; ex-date Aug 29

Oruka Therapeutics, Inc.

Special cash dividend of $1.613 per share payable on Aug 28 to holders of record Aug 26.
Ex-dividend date set for Aug 29 due to dividend exceeding 25% of stock price; due bill period Aug 25-28.
Merger with Oruka Therapeutics expected to close Aug 29; combined company to trade as ORKA on Nasdaq Global Market.
Reverse stock split at 1-for-12 effective Sept 3, 2024, after merger close.

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