Helix Acquisitions Borrows $150K for Working Capital

Cormorant Asset Management, an affiliate of certain officers and directors of Helix Acquisitions, loaned the SPAC $150,000 for working capital purposes, according to a regulatory filing. The non-interest bearing loan is not convertible and would not be repaid if the SPAC fails to complete a merger, except to the extent it may have funding separate from its trust.

The SPAC is in a pending merger with MoonLake Immunotherapeutics in a deal valued at $620 million. Read more.

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