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.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.