Surrozen Files 2024 10-K, Details Bi Deal & Warrants
Ticker: SRZNW · Form: 10-K · Filed: Mar 31, 2025 · CIK: 1824893
| Field | Detail |
|---|---|
| Company | Surrozen, Inc./De (SRZNW) |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, collaboration, warrants, financials
TL;DR
Surrozen's 2024 10-K is out. Bi deal in '22, warrants placed March '25. Check financials.
AI Summary
Surrozen, Inc. filed its 2024 10-K on March 31, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly Consonance-HFW Acquisition Corp., is involved in biological products. Key events include a collaboration and license agreement with Bi in October 2022 and a private placement involving pre-funded warrants on March 31, 2025.
Why It Matters
This filing provides investors with a comprehensive overview of Surrozen's financial health and strategic partnerships for the fiscal year 2024, including significant events like the Bi collaboration and recent warrant placements.
Risk Assessment
Risk Level: medium — The company's involvement in biological products and past name changes suggest potential volatility and the need for careful financial scrutiny.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the 10-K filing.)
- 2025-03-31 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Surrozen, Inc. (company) — Filer of the 10-K
- Consonance-HFW Acquisition Corp. (company) — Former name of Surrozen, Inc.
- Bi (company) — Partner in a collaboration and license agreement
- 2024-12-31 (date) — Fiscal year end
- 2025-03-31 (date) — Filing date of the 10-K
- October 2022 (date) — Date of collaboration and license agreement with Bi
- March 31, 2025 (date) — Date of private placement involving pre-funded warrants
FAQ
What was the nature of the collaboration and license agreement with Bi?
The filing mentions a 'CollaborationAndLicenseAgreementWithBi' dated between October 1, 2022, and October 31, 2022, but specific details of the agreement's terms are not provided in this excerpt.
What are 'PreFundedWarrants' and when were they issued?
Pre-funded warrants were part of a private placement that occurred on or about March 31, 2025, as indicated by the 'us-gaap:SubsequentEventMember' and 'us-gaap:PrivatePlacementMember' tags.
What is the significance of the 'RestructuringExpenses' mentioned?
The filing references 'RestructuringExpenses' in relation to the URL 'http://www.surrozen.com/20241231#RestructuringExpenses', suggesting these were a factor in the company's financial reporting for the fiscal year 2024.
When did Surrozen, Inc. change its name from Consonance-HFW Acquisition Corp.?
The date of the name change from Consonance-HFW Acquisition Corp. to Surrozen, Inc. was September 15, 2020.
What is Surrozen's Standard Industrial Classification (SIC) code?
Surrozen, Inc.'s SIC code is 2836, categorized under 'BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES)'.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding Surrozen, Inc./DE (SRZNW).