Biotech firm Tevogen Bio will go public in the United States through a blank-check merger that values the combined entity at about $1.2 billion, the companies said on Thursday. The deal with Semper Paratus Acquisition will help Tevogen speed up the development of its COVID-19 therapy, TVGN 489. The
Biotech firm Tevogen Bio will go public in the United States through a blank-check merger that values the combined entity at about $1.2 billion, the companies said on Thursday.
The deal with Semper Paratus Acquisition will help Tevogen speed up the development of its COVID-19 therapy, TVGN 489. The combined company will be named Tevogen Bio Holdings and its shares will trade on the New York Stock Exchange under the ticker symbol"TVGN" after the deal closes, likely in the fourth quarter of 2023.
A special-purpose acquisition company , also known as a"blank-check firm," is a listed entity that merges with a private firm to take it public. Such shell companies help private firms avoid the longer route of an initial public offering for going public. SPACs had largely fallen out of favor after a series of regulatory challenges, but investors have lately showed enthusiasm for startups in the healthcare sector listing via blank-check mergers.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
China's Sichuan Kelun-Biotech opens books for $208 million Hong Kong IPO - term sheetSYDNEY : China's Sichuan Kelun-Biotech Pharmaceutical is looking to raise $208.6 million in a Hong Kong initial public offering, according to a term sheet seen by Reuters.The company is selling 22.44 million shares in a price range of HK$60.60 to HK$72.80 ($7.74-$9.30) each, the term sheet showed.T
続きを読む »
Sierra Leone president re-elected as opposition cries foulFREETOWN: Sierra Leone's President Julius Maada Bio was re-elected to serve a second term with 56.17 per cent of the vote, the head of the electoral commission said on Tuesday (Jun 27), prompting the runner-up to 'categorically reject' the result. Bio's main challenger Samura Kamara, who came second w
続きを読む »
Indian firm used toxic industrial-grade ingredient in cough syrupNEW DELHI: The Indian manufacturer of cough syrups that Uzbekistan said last year had poisoned 19 children used a toxic industrial-grade ingredient rather than the legitimate pharmaceutical version, two sources with knowledge of the matter told Reuters. The company, Marion Biotech, bought the ingredie
続きを読む »
Commentary: Why young graduates should adopt a ‘permanent beta’ mindset in developing their careersI recently had the opportunity to join some local undergraduates in a sharing session and heard their aspirations, hopes and fears as they prepared to enter the workforce.
続きを読む »
Keysight to buy French software firm ESI Group for nearly $1 billionElectronic equipment maker Keysight Technologies said on Wednesday it would acquire a controlling stake in French software firm ESI Group in a 913 million euros ($995.81 million) deal. California-based Keysight will pay 155 euros per ESI share in cash, a 72 per cent premium to its closing price on May 17,
続きを読む »
Salesforce to invest US$4 billion in its UK businessLONDON: Salesforce will invest US$4 billion in its UK business in the next five years, the US software company said on Thursday (Jun 29), thanks to strong demand for digital transformations
続きを読む »