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CM Life Sciences II Inc. (Nasdaq: CMIIU) announced that holders of its units can trade shares of Class A common stock and redeemable warrants separately starting April 15, 2021. These will trade under the symbols 'CMII' for stock and 'CMIIW' for warrants, while unseparated units will continue under 'CMIIU.' Brokers must contact Continental Stock Transfer & Trust Company for separation. This move is designed to capitalize on opportunities within the life sciences sector, although investors should be aware of the risks associated with forward-looking statements.
CM Life Sciences II Inc. has successfully closed its initial public offering of 27,600,000 units at $10.00 per unit, including 3,600,000 units from the underwriter's over-allotment option. Each unit comprises one share of Class A common stock and one-fifth of a redeemable warrant, which can be exercised at $11.50 per share. The units began trading on Nasdaq under the symbol CMIIU on February 23, 2021. The company plans to focus on business combinations in life sciences tools, synthetic biology, and diagnostics.
CM Life Sciences II Inc. has priced its initial public offering at $10.00 per unit, totaling 24,000,000 units, expected to commence trading on Nasdaq under the symbol 'CMIIU' on February 23, 2021. Each unit includes one share of Class A common stock and one-fifth of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The offering is anticipated to close on February 25, 2021. Jefferies LLC acts as the book runner, with a 45-day option for over-allotments up to 3,600,000 units. The company's focus is on life sciences, particularly in tools, synthetic biology, and diagnostics.
