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Orion Biotech Opportunities Corp. has successfully closed its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, raising a total of $200 million. The units began trading on Nasdaq under the symbol 'ORIAU' on May 13, 2021. Each unit consists of one Class A ordinary share and one-fifth of a redeemable warrant, with full warrants priced at $11.50 each. The company aims to pursue mergers and acquisitions in the biotechnology and life sciences sectors, leveraging the expertise of its management team and affiliations with MSD Partners and Panacea.
Orion Biotech Opportunities Corp. announced its initial public offering (IPO) of 20 million units at $10.00 each, totaling $200 million. Trading will commence on Nasdaq under the symbol 'ORIAU' on May 13, 2021. Each unit includes one Class A ordinary share and one-fifth of a redeemable warrant, with each whole warrant allowing purchase of a Class A share at $11.50. The offering is expected to close on May 17, 2021, and Cantor Fitzgerald is the sole book-running manager. The registration statement was effective as of May 12, 2021, with no assurances of completion.
