Welcome to our dedicated page for Bioplus Acquisition news (Ticker: BIOSU), a resource for investors and traders seeking the latest updates and insights on Bioplus Acquisition stock.
BioPlus Acquisition Corp. (BIOSU) is a company that recently terminated its business combination agreement and plan of reorganization with Avertix Medical, Inc. The company intends to liquidate and return funds to shareholders. BIOSU was formed to pursue business combinations in the healthcare industry across the U.S., EU, Israel, and Australasia.
The company's sponsor has agreed to waive its redemption rights. Shareholders are expected to receive approximately $10.79 per share upon redemption of Public Shares. Warrants will expire worthless, with no redemption or liquidation rights. BIOSU's focus on healthcare opportunities highlights its commitment to seeking potential mergers or acquisitions in the industry.
BioPlus Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 20 million units at $10.00 each. The units will begin trading on Nasdaq on December 3, 2021, under the ticker symbol BIOSU. Each unit comprises one Class A share and one-half of a redeemable warrant, which allows the purchase of one Class A share at $11.50. The securities will eventually trade separately under BIOS for shares and BIOSW for warrants. The company focuses on the life sciences sector for its business combinations.
BioPlus Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 20 million units at $10.00 per unit, set to trade on Nasdaq under the symbol BIOSU starting December 3, 2021. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant allowing the purchase of one share at $11.50. The company aims to pursue mergers or acquisitions primarily within the life sciences sector, with Cantor Fitzgerald & Co. as the sole book-running manager for this offering.
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