---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005278"
form_type: "8-K"
ticker: "JBIO"
cik: "0001798749"
company_name: "Jade Biosciences, Inc."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:19:59.954163+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005278
- form_type: 8-K
- ticker: JBIO
- cik: 0001798749
- company_name: Jade Biosciences, Inc.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798749/000155837025005278/0001558370-25-005278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798749/000155837025005278/avte-20250423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005278
- JSON: https://secwatch.observer/filing/0001558370-25-005278.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005278.txt

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