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Bellevue Life Sciences Acquisition Corp (BLACU) is a blank check company that has recently entered into a business combination agreement with OSR Holdings Co., Ltd. Following the transaction, OSR Holdings will become a subsidiary of BLAC and will focus on developing innovative biomedical therapies. OSR Holdings operates in the biopharmaceutical and medical device sectors with subsidiaries including Vaximm for cancer immunotherapy, Darnatein for osteoarthritis treatment, and RMC for medical device distribution. The business combination aims to enhance OSR Holdings' global presence in the healthcare industry by leveraging BLAC's resources and expertise.
Bellevue Life Sciences Acquisition Corp. (BLACU) announced holders of its 6,900,000 initial public offering units can separately trade shares of common stock, warrants, and rights starting March 17, 2023. The 900,000 units sold through the underwriters' over-allotment option are also included in this announcement. The separated shares will trade under the symbols BLAC, BLACW, and BLACR on Nasdaq. This follows the registration statement's effectiveness by the U.S. SEC on February 9, 2023. The company, a blank check entity, aims to focus on acquiring businesses in the healthcare sector.
Bellevue Life Sciences Acquisition Corp. (BLACU) announced the full exercise of the over-allotment option by underwriters on February 17, 2023. This resulted in the purchase of an additional 900,000 units at $10.00 each, culminating in total gross proceeds of $69,000,000. The total issuance now stands at 6,900,000 units, which will trade on Nasdaq as BLACU. Each unit comprises one share of common stock, a redeemable warrant at $11.50, and a right to receive one-tenth of a share upon the completion of a business combination. The Company primarily targets mergers and acquisitions in the healthcare sector.
Bellevue Life Sciences Acquisition Corp. (NASDAQ: BLACU) announced the successful closing of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, raising $60 million. The units began trading on Nasdaq on February 10, 2023. Each unit consists of one share of common stock, one redeemable warrant, and one right for a fraction of a share upon a future business combination. The offering includes a 45-day option for underwriters to purchase an additional 900,000 units. The registration statement was declared effective by the SEC on February 9, 2023, and the company plans to focus on acquiring businesses in the healthcare sector.
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