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Peak Bio Co., Ltd. has successfully completed its business combination with Ignyte Acquisition Corp., set to trade under the new ticker symbol PKBO on NASDAQ starting November 2, 2022. The special meeting approving the merger took place on October 25, 2022. Peak Bio, focused on oncology and inflammatory disease therapeutics, aims to leverage its clinical-stage pipeline, including the neutrophil elastase inhibitor PHP-303, which is progressing towards Phase II trials. The combined entity is expected to enhance its market presence and operational capabilities.
Ignyte Acquisition Corp. (NASDAQ: IGNYU) announced that on or about March 12, 2021, holders of its IPO units can trade shares of common stock and warrants separately on the Nasdaq. The common stock will trade under the symbol "IGNY" and warrants under "IGNYW." Units not separated will continue to trade under "IGNYU." Ignyte is a blank check company aimed at merging with businesses, focusing on the life sciences, biotechnology, and healthcare sectors. EarlyBirdCapital managed the IPO completed in February 2021.
Ignyte Acquisition Corp. (NASDAQ: IGNYU) successfully closed its IPO of 5,750,000 units at $10.00 each, raising $57.5 million. The offering included a 750,000-unit over-allotment option. Each unit comprises one share of common stock and one-half warrant, with shares trading under IGNYU beginning January 28, 2021. EarlyBirdCapital, Inc. managed the offering. Ignyte, a blank check company, aims to merge with businesses in life sciences, biotechnology, and healthcare sectors. Forward-looking statements are subject to risks and uncertainties.
Ignyte Acquisition Corp. (NASDAQ:IGNYU) has priced its initial public offering of 50 million units at $10.00 each, set to trade on Nasdaq starting January 28, 2021. Each unit includes one share of common stock and one-half warrant at $11.50 per share. EarlyBirdCapital, Inc. is the sole book runner, with an option for underwriters to purchase an additional 750,000 units. The company aims to merge with targets in life sciences, biotechnology, and healthcare sectors. A registration statement was declared effective on January 27, 2021.
