BIOTU

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Biotech Acquisition Co

10.14

0.00 (0.00%)

Last Update: 10 Feb 2023 17:30:00

Yesterday: 10.14

Day's Range: 10.14 - 10.14

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10.14

Biotech Acquisition Co. is a special-purpose acquisition company (SPAC) that was formed in 2020 with the goal of acquiring a biotech or life sciences company. SPACs are blank-check companies that raise capital through an initial public offering (IPO) with the intention of using the funds to acquire a private company and take it public.

Biotech Acquisition Co. is led by CEO and Chairman Kevin Tang, a biotech entrepreneur and investor, and President and CFO Andrew D. Levin, a former partner at Bain & Company. The company raised $300 million in its IPO in August 2020 and is listed on the NASDAQ stock exchange under the ticker symbol "BIOTU."

As of August 2021, Biotech Acquisition Co. has not yet announced a merger target. However, the company has stated that it is targeting a company in the biotech or life sciences sector with a strong management team, innovative technology, and a clear path to commercialization. Once a merger target is announced, shareholders will have the opportunity to vote on whether to approve the merger and become shareholders in the new company.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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