Jim Tananbaum, Foresite Capital CEO (Business Wire)

The SPAC boom con­tin­ues to churn out heavy cap­i­tal, as Fore­site prices its $175M blank check com­pa­ny and 2 oth­ers file

Hav­ing re­turned to the SPAC well last month in the hopes of rid­ing last year’s boom, Fore­site’s sec­ond blank check com­pa­ny priced ear­li­er this week.

Known as FS De­vel­op­ment II, the Jim Tanan­baum out­fit an­nounced Wednes­day it had raised $175 mil­lion in an up­sized of­fer­ing, and priced at $10 per share. The pub­lic de­but comes about sev­en months af­ter Tanan­baum launched his first SPAC, and on­ly four months af­ter that SPAC went pub­lic in a re­verse merg­er with Gem­i­ni Ther­a­peu­tics.

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