Helix Acquisition III, a blank check company formed by Cormorant Asset Management targeting healthcare, raised $150 million by offering 15 million shares at $10. The company had originally planned to raise $125 million by offering 12.5 million shares. Helix Acquisition II is led by CEO and Chair Bihua Chen, founder and Managing Member of healthcare investment firm Cormorant Asset Management. He is joined by CFO and COO Caleb Tripp, the CFO of Cormorant. The SPAC plans to target the healthcare or healthcare-related industries, particularly focusing on the biotech, medtech, and life science sectors.
Read the full article: Cormorant Asset Management’s SPAC Helix Acquisition III Prices Upsized $150M IPO //
Source: https://www.renaissancecapital.com/IPO-Center/News/116379/Cormorant-Asset-Managements-SPAC-Helix-Acquisition-III-prices-upsized-$150-