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Intelligent Medicine Acquisition Corp. (NASDAQ: IQMDU) has successfully closed its upsized initial public offering of 20,700,000 units at $10.00 per unit. This includes 2,700,000 units purchased by Cantor Fitzgerald through an over-allotment option. The units began trading on the Nasdaq on November 5, 2021. Each unit consists of one share of common stock and one-half of a redeemable warrant, with whole warrants priced at $11.50 per share. The Company aims to pursue business combinations primarily in the life sciences sector, targeting firms that leverage AI and big data for drug discovery.
Intelligent Medicine Acquisition Corp. (NASDAQ: IQMDU) announced the pricing of its upsized initial public offering of 18,000,000 units at $10.00 each, with trading expected to begin on November 5, 2021. Each unit consists of one share of common stock and one-half of a redeemable warrant, with each whole warrant entitling the holder to purchase one full share at $11.50. The offering is projected to close on November 9, 2021. The company aims to focus on life science businesses utilizing AI and big data for drug discovery, with Cantor Fitzgerald as the sole book running manager for the offering.
