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Friday, November 3, 2023

Equity Corporate Actions Alert #2023 - 638
(UPDATED) Information Regarding the Business Combination and Change of Control of Frequency Therapeutics, Inc.(FREQ) & Korro Bio, Inc.

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The business combination of Frequency Therapeutics, Inc. (FREQ) & Korro Bio, Inc. resulting in a Change of Control, closed today, Friday, November 3, 2023. As a result, Frequency Therapeutics, Inc.(FREQ) will undergo a one-for-fifty (1-50) reverse stock split along with a change of corporate name, symbol and CUSIP number. Further, pre-merger shareholders of record on November 2, 2023 will receive one (1) non-transferable Contingent Value Right (CVR) for each share held. The CVR distribution will not be quoted EX. These changes will be effective at the open of business on Monday, November 6, 2023.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Frequency Therapeutics, Inc. Common Stock
New Company Name & Issue Type: Korro Bio, Inc. Common Stock
Current CUSIP: 35803L108
New CUSIP: 500946108
Current Symbol: FREQ
New Symbol: KRRO
Ratio of Reverse Split: 1 for 50
Marketplace Effective Date: Monday, November 6, 2023

If you would like to register as a market maker in KRRO, contact Nasdaq Trading Services at +1 212 231 5100.

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