Phoenix Biotech Acquisition Looks to Put 3 More Months on the Clock

Phoenix Biotech Acquisition in a proxy filing seeks shareholder approval for a deadline extension in monthly increments from July until Oct. 3, if necessary.

The SPAC in December mutually terminated a $136 million deal with Intrinsic Medicine.

Phoenix Biotech raised $155 million in an October 2021 IPO with plans to target healthcare or healthcare related industries in the United States and Europe, especially life sciences companies. Read more.

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