Medicus Sciences Acquisition filed with the SEC to offer 8 million units at $10 each in an IPO to raise $80 million. Two investment funds affiliated with the sponsor have agreed to purchase an aggregate of up to $16 million of forward purchase units.
The SPAC is targeting companies in the medical technology sector.
Medicus is led by Dr. Jacob Gottlieb, managing partner and CIO of Altium Capital Management, a healthcare-focused alternative asset manager and affiliate of the SPAC’s sponsor.
The SPAC said it will apply to list on the Nasdaq under MSACU. Read more.
