Montes archimedes acquisition corp
This includes up to $411M currently held in MAAC's trust account, as well as a concurrent $200M common stock private investment in public equity, or "PIPE," priced at $10.00 per share. Upon closing of the transaction, outstanding shares and warrants of MAAC will be exchanged for newly issued shares and warrants of Roivant Sciences, which is expected to be listed on Nasdaq under the new ticker symbol "ROIV." The transaction is expected to deliver up to $611M of gross proceeds to fund discovery and development programs. ( MAAC), a special purpose acquisition company sponsored by Patient Square Capital, announced that they have entered into a definitive business combination agreement. Roivant Sciences, a biopharmaceutical and healthcare technology company, and Montes Archimedes Acquisition Corp. Sources familiar with the matter also told CNBC's David Faber that the deal is targeting a valuation of 22 times estimated EBITDA of $320M, with the PIPE investment potentially reaching $2B, sources told CNBC. One of their sources said a transaction could value the combined entity at more than $7.5B, which would include "a meaningful injection" from a private investment in public equity, or PIPE, deal. announced that they have entered into a merger agreement.īloomberg's Gillian Tan and Crystal Tse reported that luxury gym operator Equinox has held talks to go public by merging with Social Capital Hedosophia Holdings Corp. Alternatively, email editorial-team (at) SPAC news this week, gym operator Equinox is said to be in talks to go public via one of Chamath Palihapitiya's special purpose acquisition companies, while Roivant Sciences and Montes Archimedes Acquisition Corp. Have feedback on this article? Concerned about the content? Get in touch with us directly. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.
This article by Simply Wall St is general in nature.
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This may not be consistent with full year annual report figures. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated.
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So take a peek at this free free list of interesting companies. Of course this may not be the best stock to buy. Every company has them, and we've spotted 1 warning sign for Montes Archimedes Acquisition you should know about. But to understand Montes Archimedes Acquisition better, we need to consider many other factors. It's always worth thinking about the different groups who own shares in a company. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With a 43% ownership, the general public have some degree of sway over Montes Archimedes Acquisition. It might be worth checking if those insiders have been buying recently. It is great to see insiders so invested in the business.
Insiders own US$100m worth of shares in the US$500m company. It seems insiders own a significant proportion of Montes Archimedes Acquisition Corp. However, on some occasions too much power is concentrated within this group. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders.
Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Insider Ownership Of Montes Archimedes Acquisition Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 18 shareholders, meaning that no single shareholder has a majority interest in the ownership.