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On May 24, 2021, MSD Acquisition Corp. (Nasdaq: MSDAU) announced that holders of 57,500,000 units from its initial public offering can separately trade the Class A ordinary shares and warrants starting May 20, 2021. Units not separated will continue to trade under the symbol 'MSDAU.' The offering was underwritten by Goldman Sachs and Morgan Stanley, with the SEC declaring the registration statement effective on March 24, 2021. MSD Acquisition Corp. is a special purpose acquisition company aiming for business combinations in various sectors.
MSD Acquisition Corp. has successfully closed its IPO, raising a total of $575 million by offering 57.5 million units priced at $10.00 each. This includes 7.5 million units from the underwriters' over-allotment option. The units commenced trading on Nasdaq under the symbol MSDAU on March 25, 2021. Each unit comprises one Class A ordinary share and one-fifth of a redeemable warrant, allowing the purchase of a Class A share at $11.50. The company aims for mergers or acquisitions in growth sectors like technology and media.
