Vir­tu­al­ly un­known mR­NA up­start rides SPAC to Nas­daq with a $1.5B val­u­a­tion as RA-backed neu­ro play­er prices IPO

Ed­i­tor’s note: In­ter­est­ed in fol­low­ing bio­phar­ma’s fast-paced IPO mar­ket? You can book­mark our IPO Track­er here.

Just a few days af­ter EQRx an­nounced its in­tent to merge with Eli Cas­din’s third blank check com­pa­ny, an­oth­er SPAC deal is wrapped up and ready for Nas­daq.

RNA tech firm Green­Light Bio­sciences will re­verse merge its way to the pub­lic mar­ket, the com­pa­ny an­nounced Tues­day morn­ing, net­ting the biotech a rough­ly $1.5 bil­lion val­u­a­tion. Green­Light will merge with the SPAC En­vi­ron­men­tal Im­pact Ac­qui­si­tion Corp., which is backed by Canac­cord Ge­nu­ity Group and Hud­son Bay Cap­i­tal Man­age­ment, and will get $207 mil­lion from the SPAC as well as $105 mil­lion in PIPE fi­nanc­ing.

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