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Jasper Therapeutics amends $0.324 warrant tender offer

Jasper states that the warrants have no trading market and are exercisable for common stock at $2.92 per share.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SC TO-I/A

Rhea-AI Filing Summary

Jasper Therapeutics, Inc. (JSPR) amended its cash tender offer to purchase up to 12,345,707 outstanding warrants for $0.324 per warrant, without interest. The warrants are exercisable for common stock at $2.92 per share, and Jasper states that no trading market exists for them. The amendment also removes references to Sections 27A and 21E in its forward-looking-statements disclosure.

Outstanding warrants subject to tender offer Up to 12,345,707 warrants Cash tender offer
Offer purchase price $0.324 per warrant Without interest
Warrant exercise price $2.92 per share Warrants exercisable for common stock
Offer Purchase Price financial
"at a price of $0.324 per Warrant, without interest"
Letter of Transmittal financial
"related Letter of Transmittal and Consent"
A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.
Notice of Guaranteed Delivery financial
"Form of Notice of Guaranteed Delivery"
A notice of guaranteed delivery is a short, written promise used when investors want to sell shares in a tender offer but cannot deliver the physical or electronic share certificates by the offer deadline. It acts like a post-dated IOU: the seller guarantees they will provide the required documents within a short, specified window while still qualifying for the offer’s price and terms. For investors this preserves their right to participate in a deal while giving extra time to complete paperwork, but it also creates a reliance on timely follow-through to receive payment.
exercise price financial
"Warrants exercisable for Common Stock at an exercise price of $2.92 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many JSPR warrants is Jasper Therapeutics offering to buy, and at what price?

Jasper Therapeutics is offering to purchase for cash up to 12,345,707 outstanding warrants for $0.324 per warrant, without interest.

Is there a trading market for JSPR warrants?

Jasper states that there is no trading market for the warrants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

As filed with the Securities and Exchange Commission on October 23, 2026

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 

SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934

(Amendment No. 1)

 

JASPER THERAPEUTICS, INC.
(Name of Subject Company (Issuer))

 

JASPER THERAPEUTICS, INC. (Offeror)
(Names of Filing Persons (Identifying Status as Offeror, Issuer or Other Person))

 

Warrants exercisable for Common Stock at an exercise price of $2.92 per share
(Title of Class of Securities)

 

Jeet Mahal
Chief Executive Officer
Jasper Therapeutics, Inc.
2200 Bridge Pkwy

Suite #102
Redwood City, CA 94065
(650) 549-1400
(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

 

With copies to:
Fahd M.T. Riaz, Esq.
DLA Piper LLP (US)


One Liberty Place
1650 Market Street

Suite 5000

Philadelphia, PA 19103
Tel: (215) 656-3300

 

Check the box if the filing relates solely to preliminary communications before the commencement of a tender offer. ☐

 

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

☐ third-party tender offer subject to Rule 14d-1.

 

☒ issuer tender offer subject to Rule 13e-4.

 

☐ going-private transaction subject to Rule 13e-3.

 

☐ amendment to Schedule 13D under Rule 13d-2.

 

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐

 

If applicable, check the appropriate box(es) below to designate the appropriate rule provision relied upon:

 

☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

 

☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 

 

EXPLANATORY NOTE

 

This Amendment No. 1 (“Amendment No. 1”) amends the Tender Offer Statement on Schedule TO originally filed by Jasper Therapeutics, Inc. a Delaware corporation (the “Company”), on October 7, 2026 (the “Schedule TO”), relating to the tender offer by the Company to purchase for cash up to 12,345,707 of its outstanding Warrants (as defined in the Offer to Purchase) at a price of $0.324 per Warrant, without interest (the “Offer Purchase Price”). The Company’s offer is made upon the terms and conditions in the Amended and Restated Offer to Purchase, dated as of October 23, 2026 (as may be amended or supplemented from time to time, the “Offer to Purchase”), a copy of which is filed as Exhibit (a)(1)(A) to this Schedule TO, and the related Letter of Transmittal and Consent (the “Letter of Transmittal” together with the Offer to Purchase, as each may be amended or supplemented from time to time, constitute the “Offer”).

  

This Amendment No. 1 is being filed, among other things, to amend and supplement Item 2 to the Schedule TO and to amend and restate the Offer to Purchase to remove references to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 in connection with forward-looking statements disclosure.

 

Only those items amended are reported in this Amendment No. 1. Except as amended hereby to the extent specifically provided herein, the information contained in the Schedule TO, the Offer to Purchase, and the other exhibits to the Schedule TO remains unchanged and is hereby expressly incorporated into this Amendment No. 1 by reference. This Amendment No. 1 should be read with the Schedule TO and the Offer to Purchase.

 

Item 2. Subject Company Information. 

 

Item 2 of the Schedule TO is hereby amended and supplemented by adding the following section (c) immediately following section (b) of Item 2 of the Schedule TO:

 

(c) Trading Market and Price. There is no trading market for the Warrants.

 

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Item 12. Exhibits.

 

Exhibit
Number
  Description
(a)(1)(A)   Amended and Restated Offer to Purchase, dated October 23, 2026.
     
(a)(1)(B)*   Letter of Transmittal (including Guidelines of the Internal Revenue Service for Certification of Taxpayer Identification Number on Form W-9).
     
(a)(1)(C)*   Form of Notice of Guaranteed Delivery.
     
(a)(2) – (4)   Not Applicable
     
(a)(5)(i)*   Press Release, dated October 7, 2026, announcing cash tender offer for Jasper Therapeutics, Inc. warrants.
     
(d)(2)   Not Applicable
     
(g)   Not Applicable
     
(h)   Not Applicable
     
107*   Filing Fee Table

 

Item 12(b). Exhibits.

 

Filing Fee Exhibit*

 

Item 13. Information Required by Schedule 13E-3.

 

Not applicable.

 

*Previously filed.

 

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SIGNATURES

 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct.

 

Dated: October 23, 2026

 

  Jasper Therapeutics, Inc.
   
  /s/ Jeet Mahal
  Name: Jeet Mahal
  Title: Chief Executive Officer

 

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