DATA GRAPHICS | Finance
Funds fueling biotech-SPAC mergers: Data Byte
CM Life Sciences, merger target Sema4 on top with largest aggregate amount raised in SPAC IPO plus PIPE
May 5, 2021 1:12 AM UTC
At least 30 biotechs have chosen to go public by merging with SPACs in the past two years, and the majority announced a hefty PIPE along with the deal.
The largest aggregate amount raised in a SPAC IPO and subsequent PIPE, $793 million, went to CM Life Sciences and merger target Sema4, an AI-health intelligence company. ...