EDGAR·FLOW

Passage BIO, Inc. — Form 8-K

Filed September 2, 2026 · analyzed by the 8-K Agent
8-K — Neutral significance 75/100
What the filing says
Passage Bio, Inc. and Remix Therapeutics, Inc. executed an amended and restated merger agreement dated September 2, 2026 (amending the original June 24, 2026 agreement). The transaction contemplates a two-step merger in which Merger Sub merges with Remix (with Remix as surviving corporation), followed immediately by Remix merging into Merger Sub II. Key terms: Remix equity valued at $226M, Passage equity at $20M; concurrent financing of at least $99.929M; Remix shareholders to receive Remix Merger Shares calculated via allocation percentages tied to aggregate valuation; Passage Net Cash target of $5M (with deficiency/surplus adjustments); Remix Convertible Notes conversion, Remix Preferred Stock conversion, and assumption of Remix options/warrants all contemplated pre-closing. Both boards recommend approval; stockholder votes required from both parties.
Why this rating

Amended merger agreement reaffirms material business combination (~$246M aggregate pre-financing valuation vs ~$25M Passage market cap) with refined terms and concurrent financing commitment; represents substantial change of control and capital structure for Passage, but amendment signals deal continuity rather than new risk; significance driven by scale relative to company size, not event novelty.

Price action (we called it neutral)
at our read · unknown
$4.61
+10 min · unknown
$4.61 ▲ 0.00%
+30 min · unknown
$4.61 ▲ 0.00%
+1 hr · unknown
$4.61 ▲ 0.00%
+4 hrs
pending

Quotes via Yahoo Finance at capture time; sessions other than regular hours are labeled. Not investment advice. How accurate are our calls? →

View original filing on SEC.gov ↗ PASG · stock on Yahoo Finance ↗

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EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.