ARYA Sciences III (ARYB), announced the pricing of their upsized $130 million IPO tonight and the units are expected to begin trading tomorrow, Friday, August 7, under the symbol Nasdaq: ARYB.
The company intends to focus its target search on the life sciences and medical technology sectors and will be led by Adam Stone as CEO and Director. Stone will be joined by Michael Altman as as CFO and director as well as Joseph Edelman, serving as chairman of the Board.
Total SPAC deal count for 2020 year-to-date is now 63 with $25.4 billion in gross proceeds raised. The offering is anticipated to close on Friday, August 7, 2020.
Jefferies and Goldman Sachs are acting as the book running managers for the offering. Kirkland & Ellis serve as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom serving as Underwriter’s Counsel. WithumSmith+Brown, PC, serves as auditor.
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...