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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. ...