Cayman Islands,11 February 2021 – Ogier’s Cayman Islands team has advised on Arya Sciences Acquisition Corp III’s business combination with Nautilus Biotechnology.
Nautilus, a pioneering start-up mapping human proteins, is expected to receive $350 million in proceeds through the merger with Arya III, a special purpose acquisition company (SPAC) sponsored by Perceptive Advisors. This includes a $200 million fully committed PIPE led by Perceptive Advisors and other top-tier healthcare investors.
As a result of the business combination, Arya III will re-domicile as a Delaware corporation and be renamed Nautilus Biotechnology Inc, and its common stock is expected to be listed on Nasdaq under the ticker symbol NAUT.
The transaction values Nautilus Biotechnology Inc at an implied equity value of $900 million and the combined company is expected to have an initial market capitalization of approximately $1.3 billion.
Ogier’s team was led by partner Angus Davison and senior associate Michael Robinson.
Angus said: “This was a significant transaction for Arya and we’re very happy to have worked on it with them. The growing popularity of SPACS looks set to continue into 2021 and Ogier’s global equity capital markets team has demonstrated significant experience in advising on the establishment and the listing of SPACS, as well as advising on their subsequent business combination transactions.”
Disclaimer: The content of the above information is sourced (or provided), in entirety or in parts from an external source and the content may or may not be edited. The Wealth Today shall not be held liable for damages arising out of any action taken with respect to the use or consumption of information or service published above or anywhere else on the website. This website does not guarantee the accuracy, views, opinions or any promises expressed in the above news.
If you find any errors or discrepancies in the above information, you can write to us at email@example.com.