EBAC

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European Biotech Acquisition Corp

11.27

+0.08 (+0.71%)

Last Update: 03 Mar 2023 00:00:00

Yesterday: 11.19

Day's Range: 0. - 0.

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11.27

European Biotech Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 with the aim of acquiring one or more companies in the biotechnology sector in Europe. The company is led by a team of experienced biotech professionals and investors, including CEO Dr. Anders Hinsby, who has over 25 years of experience in the biotech industry.

The company raised $100 million in its initial public offering (IPO) in March 2021, with the intention of using the funds to identify and acquire a target company in the biotech sector. European Biotech Acquisition Corp is listed on the Nasdaq stock exchange under the ticker symbol EBACU.

As a SPAC, European Biotech Acquisition Corp has a limited lifespan and must acquire a target company within a specified timeframe or return the funds to its investors. Once a target company is acquired, the SPAC will be merged with the target company, allowing it to become publicly traded without going through the traditional IPO process.

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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