ARYA Sciences Acquisition Corp IV Announces Pricing of $130 Million Initial Public Offering

Rhea-AI Summary

ARYA Sciences Acquisition Corp IV has priced its initial public offering of 13,000,000 Class A ordinary shares at $10.00 each, to be traded under the ticker symbol ARYD on Nasdaq starting February 26, 2021. The company intends to focus on the healthcare sector, targeting businesses valued at $300 to $500 million, aiming for a market cap of $1 billion or more. The offering includes an option for underwriters to purchase an additional 1,950,000 shares. The expected closing date is March 2, 2021, subject to customary conditions.

Positive

• Initial public offering priced at $10.00 per share, attracting investor interest.
• Focus on healthcare sector enhances potential for growth in a high-demand industry.
• Targeting companies with a valuation between $300 million to $500 million indicates strategic investment opportunities.

Negative

• The success of the IPO is contingent on market conditions and investor appetite.
• Forward-looking statements indicate uncertainty regarding the use of net proceeds and completion of the offering.

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- ARYA Sciences Acquisition Corp IV (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 13,000,000 Class A ordinary shares at a price of $10.00 per share. The Class A ordinary shares will be listed on The Nasdaq Capital Market and trade under the ticker symbol “ARYD” beginning on February 26, 2021.

While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries. The Company intends to focus on target businesses with valuations of $300 to $500 million or more and that have the potential to be $1 billion or more market capitalization companies. The Company is led by Chairman Joseph Edelman, Chief Executive Officer Adam Stone, Chief Financial Officer Michael Altman and Chief Business Officer Konstantin Poukalov.

Goldman Sachs & Co. LLC and Jefferies LLC are serving as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,950,000 Class A ordinary shares to cover over-allotments, if any, at the initial public offering price.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (212) 902-1171 or email: Prospectus-ny@ny.email.gs.com; or Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.

The registration statement relating to the securities was declared effective on February 25, 2021 by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is expected to close on March 2, 2021, subject to customary closing conditions.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Michael Altman
Chief Financial Officer of ARYA Sciences Holdings Corp IV
(646) 205-5300
arya4@perceptivelife.com

FAQ

What is the initial public offering price for ARYA Sciences Acquisition Corp IV?

The initial public offering price is set at $10.00 per share.

When will ARYA Sciences Acquisition Corp IV shares start trading?

Shares will begin trading on Nasdaq under the ticker symbol ARYD on February 26, 2021.

Which industry is ARYA Sciences Acquisition Corp IV focusing on for acquisitions?

ARYA Sciences is focusing on the healthcare industry.

What is the expected close date for the IPO of ARYA Sciences Acquisition Corp IV?

The offering is expected to close on March 2, 2021.

How many shares are being offered in the IPO of ARYA Sciences Acquisition Corp IV?

The IPO includes 13,000,000 Class A ordinary shares.