Biotech investor Cormorant secures $150M for another SPAC deal

This story was originally published on BioPharma Dive. To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter. Dive Brief: A blank-check entity formed by biotechnology investor Cormorant Asset Management has raised 150millioninaninitialpublicofferingmeanttosupportafuturemergerwithaprivatelyheldcompany.ThespecialpurposeacquisitioncompanyorSPAC,calledHelixAcquisitionCorp.III,sold15millionsharesat150 million in an initial public offering meant to support a future merger with a privately held company. The special purpose acquisition company or “SPAC,” called Helix Acquisition Corp. III, sold 15 million shares at 10 apiece, some 2.5 million more sh ...

Biotech investor Cormorant secures $150M for another SPAC deal - Reportify