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Ibere Pharmaceuticals announced the commencement of separate trading for its Class A ordinary shares and redeemable warrants from April 19, 2021. This follows the completion of their initial public offering on March 2, 2021, where they sold 13,800,000 units at $10.00 each, raising $138 million. The units will continue to trade under the symbol 'IBERU', while the Class A shares and warrants will trade under 'IBER' and 'IBERW', respectively. No fractional warrants will be issued upon separation, and holders must contact their brokers to separate the units.
Ibere Pharmaceuticals announced the successful closing of its initial public offering (IPO) of 13,800,000 units at $10.00 per unit, yielding gross proceeds of $138 million. The IPO included the full exercise of the underwriter's over-allotment option for 1,800,000 units. Trading began on the NYSE under the ticker symbol 'IBERU' on February 26, 2021. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, which can be converted into a share at $11.50. The Company aims to pursue acquisition opportunities primarily within the pharmaceutical and life sciences sectors.
Ibere Pharmaceuticals priced its upsized initial public offering at $10.00 per unit, totaling $120 million. The offering consists of 12,000,000 units, with each unit including one Class A ordinary share and half a redeemable warrant, which can be exercised for one share at $11.50. Trading on the NYSE starts today under the ticker symbol IBERU. The Company plans to focus on acquisition opportunities in the pharmaceutical and life sciences sectors. Underwriters have a 45-day option to purchase an additional 1,800,000 units.
