BRIEF-Aerovate Therapeutics And Jade Biosciences Announce Merger Agreement-February 2024-www.financetom.com

BRIEF-Aerovate Therapeutics And Jade Biosciences Announce Merger Agreement

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BRIEF-Aerovate Therapeutics And Jade Biosciences Announce Merger Agreement

Nov 3, 2024 3:31 PM

Oct 31 (Reuters) - Aerovate Therapeutics Inc ( AVTE ):

* AEROVATE THERAPEUTICS AND JADE BIOSCIENCES ANNOUNCE MERGER

AGREEMENT

* AEROVATE THERAPEUTICS INC ( AVTE ) - JADE SECURES $300 MILLION IN

PRIVATE

INVESTMENT

* AEROVATE THERAPEUTICS INC ( AVTE ) - STOCKHOLDERS TO OWN 1.6% OF

COMBINED

COMPANY

* AEROVATE THERAPEUTICS INC ( AVTE ) - TOM FROHLICH TO LEAD COMBINED

COMPANY AS CEO

* AEROVATE THERAPEUTICS INC ( AVTE ) - TO DECLARE $65 MILLION CASH

DIVIDEND

TO STOCKHOLDERS

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