The Latest SPAC News and Rumors: November 22, 2021
Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: Betsy Cohen’s new SPAC plans to raise $220 million and EQRx partners with Abdul Latif Jameel Health
Betsy Cohen’s new SPAC aims to raise $220 million via U.S. IPO
FTAC Emerald Acquisition Corp, backed by banking and fintech entrepreneur Betsy Cohen, said on Monday it plans to raise up to $220 million through an IPO in the United States.
The blank-check company, known earlier as Emerald ESG Acquisition Corp, is offering 22 million units at $10 each, it said in a filing.
READEQRx Announces Partnership Agreement with Abdul Latif Jameel Health to Commercialize Lead Oncology Programs in Middle East, Turkey, and Africa
EQRx, a new type of pharmaceutical company committed to developing and delivering important new medicines to patients at radically lower prices, today announced a strategic collaboration agreement with Abdul Latif Jameel Health, part of international diversified family business Abdul Latif Jameel.
Through the agreement, Abdul Latif Jameel Health will become EQRx’s regulatory and commercial partner for aumolertinib and sugemalimab, if approved, in selected markets throughout the Middle East region, as well as in Turkey and all of Africa.
In August 2021, EQRx announced a proposed combination with CM Life Sciences III (Nasdaq: CMLTU) to accelerate its growth.
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