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Medicus Sciences Acquisition Corp. (MSAC) successfully closed its initial public offering (IPO) on February 18, 2021, raising $92 million through the sale of 9,200,000 units at $10.00 each. The IPO included an exercise of the underwriter's over-allotment option to purchase 1,200,000 additional units. Trading commenced on Nasdaq under the symbol MSACU on February 16, 2021. MSAC aims to focus on acquiring companies in the healthcare industry, particularly within medical technology, leveraging support from major investment funds with over $1 billion in gross assets.
Medicus Sciences Acquisition Corp. (MSAC) has priced its initial public offering (IPO) at $10.00 per unit, raising $80 million. The offering consists of 8,000,000 units, each containing one Class A ordinary share, one-ninth of a redeemable warrant, and a contingent right to additional warrants post-business combination. Trading is set to begin on February 16, 2021 under the symbol MSAC.U, with closing anticipated on February 18, 2021. MSAC focuses on acquiring companies within the healthcare sector, particularly medical technology.
