Korro Bio and Frequency Therapeutics to Merge

July 14, 2023

(24/7 MARKET NEWS) – Frequency Therapeutics, Inc. (NASDAQ:FREQ) and Korro Bio, Inc. reported, this morning, that they entered into a definitive merger agreement to combine the companies in an all-stock transaction. The combined company is expected to have cash balance of approximately $170 million at close, which is expected to provide cash runway through several value-creating milestones and into 2026, and focus on the advancement of Korro Bio’s portfolio of RNA editing programs.

Frequency Therapeutics is trading at $0.58, up $0.18 (+45.00%), up 3.56M premarket shares traded.

Its 52-week range is $0.3258 to $5.59. If it can trade above $1, on stronger trading volume, it has a gap to the $4 level.

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