---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004511"
form_type: "8-K"
ticker: "JBIO"
cik: "0001798749"
company_name: "Jade Biosciences, Inc."
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T19:49:37.222965+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aerovate announces $67.6-69.6M cash dividend range for proposed merger; stockholder vote April 16

## Summary
- Cash dividend expected $67.6-69.6M in aggregate, based on estimated net cash prior to merger closing.
- As of April 4, 2025, 28,985,019 shares of common stock outstanding.
- Stockholders vote on merger at special meeting scheduled for April 16, 2025 at 9:00 a.m. ET.
- Closing expected no later than April 30, 2025, subject to stockholder approval and other conditions.
- Dividend expected to be a return of capital, not characterized as dividend for tax purposes.

## SEC filing metadata
- accession: 0001558370-25-004511
- form_type: 8-K
- ticker: JBIO
- cik: 0001798749
- company_name: Jade Biosciences, Inc.
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798749/000155837025004511/0001558370-25-004511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798749/000155837025004511/avte-20250407x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004511
- JSON: https://secwatch.observer/filing/0001558370-25-004511.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004511.txt

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