Korro Bio, Frequency Therapeutics Enter Definitive Merger Agreement To Combine In An All-stock Transaction; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Korro Bio and Frequency Therapeutics have entered into a definitive merger agreement to combine in an all-stock transaction. The combined company will focus on the advancement of Korro Bio's portfolio of RNA editing programs and will operate under Korro Bio, Inc. It will apply to trade on Nasdaq under the ticker symbol 'KRRO'.
July 14, 2023 | 10:32 am
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Frequency Therapeutics is merging with Korro Bio in an all-stock transaction. The combined entity will trade under the ticker 'KRRO'.
The merger could potentially impact Frequency Therapeutics' stock as it will cease to exist under its current ticker. However, the financial terms of the deal are not disclosed, making it difficult to predict the exact impact on the stock price. The focus on RNA editing programs could be seen as a positive development, but the market's reaction will depend on the perceived value of these programs.
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