PASG · Passage BIO, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“As a result, there is substantial doubt about the Company's ability to continue as a going concern within one year after the date that these consolidated financial statements are issued.”View the 10-Q filed Aug 10, 2026
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Passage Bio stockholders approved merger-related Remix share issuance, a 1-for-2 to 1-for-10 reverse split, the 2026 Equity Incentive Plan and 2026 Employee Stock Purchase Plan, merger-related executive compensation arrangements, and a name change to Remix Therapeutics, Inc.
Passage Bio and Remix amended their merger agreement to combine at an assumed exchange ratio of 0.1727, with Passage Bio renamed Remix Therapeutics, Inc. and expected to trade under “RMTX.” A concurrent financing is expected to generate approximately $100.0 million.
Passage Bio proposes mergers making Remix Therapeutics a subsidiary, rename the combined company Remix Therapeutics, and conduct a concurrent financing expected to yield approximately $100.0 million in gross proceeds. Stockholders will vote on November 5, 2026.
Passage Bio and Remix Therapeutics plan a two-step merger, rename the combined company Remix Therapeutics, and launch a concurrent financing expected to generate approximately $100.0 million; Remix stockholders are expected to own approximately 65% of the combined company.