In tandem with its $100 million IPO, the biopharma-focused SPAC said it has an agreement with sponsor Jiya Holding Company for the sponsor to buy 500,000 shares of Class A common stock at $10 per share, resulting in proceeds of $5 million. Read more.
Related Posts
Achari Ventures I Amends Prospectus on $176M Vaso Deal
The merger was announced in December at a pro forma equity value of approximately $176 million. The merger consideration will be payable solely in new shares of stock, with each share being valued at $10.
Relativity Acquisition Wants Another Year to Work on SVES Deal
The deal had a pro forma enterprise value of $707.25 million when announced a year ago.
BYTE to Restate Financials for Changes in Warrants Accounting
BYTE raised $300 million in a March IPO target companies in the Israeli technology industry.
Oxus Acquisition Wants 6 More Months to Complete Borealis Deal
Borealis is a food technology company that has developed a high quality, affordable, sustainable and highly nutritious range of plant-based, ready-to-eat meals, the company said.