Aerovate moves special dividend payment to April 28, contingent on merger close

Jade Biosciences, Inc.

Special cash dividend of $2.40/share ($69.6M aggregate) record date April 25, payment moved to April 28.
Payment is conditioned upon closing of merger with Jade Biosciences, expected April 28.
Closing requires Nasdaq Capital Market listing approval for combined company.
Merger agreement was previously disclosed on October 30, 2024; transaction structure unchanged.

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