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Jasper Therapeutics acquires Kira Pharmaceuticals; issues ~9.8M shares and raises $132M PIPE
Jasper issued ~5.2M common shares and ~4.6M convertible preferred shares to Kira shareholders; Kira holders own ~88.73% of pro forma common pre-PIPE.
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Jasper Therapeutics completes all-stock acquisition of Kira Pharmaceuticals and $132M PIPE
Jasper acquires Kira in all-stock deal; pre-deal Jasper holders own ~6.68%, Kira holders ~49.86%, PIPE investors ~43.46% of combined company.
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Jasper Therapeutics receives Nasdaq bid price deficiency notice; 180 days to cure
On June 3, 2026, Nasdaq notified Jasper that its common stock bid price closed below $1.00 for 30 consecutive business days.
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Jasper Therapeutics initiates strategic review including potential sale or wind-down
Board of Directors initiates comprehensive review of strategic alternatives to maximize shareholder value.
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Jasper posts Q4 net loss $9.1M; cash $28.7M; appoints new CEO; reports positive CSU/asthma data
Jeet Mahal named President and CEO to lead next phase of clinical growth.
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Jasper reports 67% complete response at week 12 in additional BEACON CSU patients; dose selected for Phase 2b
67% (4/6) of new BEACON briquilimab patients achieved complete response at week 12; mean UAS7 drop of 31 points.
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Jasper Therapeutics appoints COO Jeet Mahal as CEO; Ron Martell steps down, Thomas Wiggans named Executive Chair
Effective Jan 5, 2026, Jeet Mahal becomes CEO and President; he also joins the Board as Class III director.
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Jasper reports positive ETESIAN asthma data; BEACON investigation clears drug product
Single 180mg briquilimab reduced sputum eosinophils from 10.3% to 2.32% at 6 weeks post-allergen challenge.
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Jasper Q3 net loss $18.7M; BEACON investigation finds no drug quality issues; cash $50.9M
Net loss of $18.7M ($1.13 per share); R&D expense $14.4M, G&A $4.8M.
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Jasper Therapeutics prices $30M public offering, updates BEACON CSU investigation progress
Gross proceeds ~$30M from offering of 11.67M shares + warrants at $2.43/share; closing expected Sept 22.
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Jasper Therapeutics Q2 net loss $26.7M; cuts workforce 50%, probes BEACON lot issue
Net loss of $26.7M ($1.74 per share); cash and equivalents $39.5M as of June 30, 2025.
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Jasper Therapeutics cuts workforce ~50%, halts non-urticaria programs; CMO departs
Workforce reduction of ~50% and halting of all non-chronic urticaria programs.
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Jasper reports 89% complete response in single-dose CSU cohorts, but drug lot issue delays Phase 2b to mid-2026
8 of 9 (89%) patients in 240mg and 360mg single-dose cohorts achieved complete response (UAS7=0).
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Jasper Therapeutics: 92% complete response in 180mg cohort of briquilimab SPOTLIGHT study in CIndU
11 of 12 participants (92%) achieved complete response; 12 of 12 (100%) achieved clinical response within 8-week analysis.
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Jasper Therapeutics Q1 2025 net loss $21.2M; cash $48.8M; briquilimab programs on track
Net loss of $21.2M ($1.41 per share) for Q1 2025; R&D expenses $16.2M, G&A $5.6M.
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Jasper Therapeutics enters $100M ATM equity offering with Jefferies; terminates prior Cantor agreement
Company entered Open Market Sale Agreement with Jefferies LLC to sell up to $100M of common stock.
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Jasper Therapeutics reports FY2024 net loss of $71.3M; briquilimab data positive
Cash and equivalents $71.6M at Dec 31, 2024; net loss $71.3M ($4.89 diluted EPS) for FY2024.
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Jasper reports positive BEACON data: 240mg dose shows UAS7 drop of 26.6, 100% complete response at 8 weeks
Mean UAS7 change of -26.6 at 8 weeks in 240mg single-dose cohort (N=3); all patients achieved Complete Response (UAS7=0).
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Jasper Therapeutics Q3 net loss $18.6M, reports positive CIndU data, discontinues LR-MDS
Net loss $18.6M ($1.24 diluted EPS); cash $92.5M at Sept 30, 2024.
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Jasper reports 93% clinical response rate in SPOTLIGHT study of briquilimab in CIndU
14 of 15 patients (93%) achieved clinical response; 10 of 12 (83%) in 120mg cohort had complete response.
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Jasper Therapeutics reports FY2023 net loss of $64.5M; cash runway through Q3 2025 on $50M Feb 2024 offering
Net loss for FY2023: $64.5M ($6.18 diluted EPS); Q4 net loss $16.6M ($1.50 diluted EPS).
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Jasper Therapeutics prices $50M underwritten offering of 3.9M shares at $12.95/share
Gross proceeds ~$50M from 3,900,000 shares of common stock at $12.95 per share.
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Jasper Therapeutics reports Q3 2023 net loss of $17.5M; highlights IND clearance for briquilimab in CSU
Net loss of $17.5M ($0.16 per share); R&D expenses $14.8M; G&A expenses $4.5M.
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Jasper appoints Thomas G. Wiggans as Chairperson; William Lis to retire in Dec 2023
Thomas G. Wiggans joins Board as Class II director and Chairperson effective Nov 1, 2023.
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Jasper Therapeutics receives Nasdaq bid price deficiency notice; must regain compliance by Apr 15, 2024
Notice from Nasdaq: common stock bid price below $1.00 for 30 consecutive business days.
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Jasper Therapeutics receives FDA IND clearance for Phase 1b/2a study of briquilimab in chronic spontaneous urticaria
FDA cleared IND for Phase 1b/2a repeat dose study of subcutaneous briquilimab in CSU patients.
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Jasper Therapeutics announces positive Phase 1b data for briquilimab in Fanconi Anemia; all 3 patients engrafted
All three Fanconi Anemia patients treated with briquilimab achieved full donor engraftment and full blood count recovery.
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Jasper Therapeutics receives FDA guidance for briquilimab in CSU; IND filing and first patient dose expected in H2 2023
FDA provided guidance on the proposed program for briquilimab for chronic spontaneous urticaria (CSU).
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Jasper Therapeutics Q1 net loss widens to $14.3M; de-prioritizes AML/MDS Phase 3
Net loss of $14.3M in Q1 2023 vs $2.2M in Q1 2022, driven by increased R&D and warrant liability changes.
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Jasper Therapeutics FY2022 net loss $37.7M; expands briquilimab to chronic urticaria, raises $101.4M
FY2022 net loss $37.7M vs $30.6M in 2021; R&D $34.6M, G&A $16.6M.
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Jasper Therapeutics reports Phase 1 briquilimab data: all 12 patients engrafted; appoints Vishal Kapoor to board
Appointed Vishal Kapoor to board effective Feb 16, 2023; he is Partner at Avego Management and received option for 109,383 shares at $1.83.
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Jasper Therapeutics reports positive briquilimab data: 3 SCD patients achieve 100% donor chimerism
First two sickle cell disease patients achieved 100% donor myeloid chimerism at Day 100; third at Day 30.
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Jasper Therapeutics closes $103.5M public offering of 69M shares at $1.50/share
Closed underwritten offering of 69,000,000 shares at $1.50, including 9M option shares.
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Jasper Therapeutics prices $90M public offering of 60M shares at $1.50 per share
Offering of 60M shares of common stock at $1.50/share; gross proceeds ~$90M before expenses.
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Jasper Therapeutics regains Nasdaq minimum bid price compliance
Received Nasdaq letter on Jan 18, 2023 confirming full compliance with Listing Rule 5550(a)(2).