other material
confidence high
sentiment neutral
materiality 0.50
Jasper Therapeutics confirms CVR terms: $30M milestone if FDA issues Priority Review Voucher for briquilimab by Dec 2028
Jasper Therapeutics, Inc.
- Each share of common stock as of July 16, 2026 (closing date) receives one CVR.
- CVRs entitle holders to pro rata share of $30M if FDA issues Priority Review Voucher for briquilimab on or before Dec 31, 2028.
- If milestone achieved and change of control occurs, payment on earlier of change of control consummation or 90 days after monetization event.
- CVRs are non-transferable, not certificated, not registered with SEC, not listed on any exchange.
- CVRs continue if milestone achieved but monetization not yet occurred; payment due 90 days after monetization.