BCTG Acquisition Corp. announced the pricing of its upsized $145 million IPO this morning and its shares are expected to begin trading today, Thursday, September 3rd, under the symbol Nasdaq: BCTG.
The new SPAC intends to focus on companies in the biotechnology space and will be led by Aaron I. Davis as Chairman and CEO, with Christopher Fuglesang, Ph.D., J.D. serving as President and Director. Michael Beauchamp will also serve as CFO and Treasurer while Andrew Ellis, M.D., J.D. serves as COO and Secretary.
Total SPAC deal count for 2020 year-to-date is now 84 with $33.9 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, September 8, 2020.
SVB Leerink is serving as the sole book runner for the offering. Loeb & Loeb LLP and Kirkland & Ellis, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...