Announced
Completed
Financials
Tags
Majority
Single Bidder
United States
pharmaceutical company
Acquisition
Friendly
Pharmaceuticals
Private
clinical stage pharmaceuticals
Merger
De-SPAC
Completed
Reverse Takeover
Synopsis
Tenzing Acquisition, a special purpose acquisition company incorporated in the British Virgin Islands, completed the merger with Reviva Pharmaceuticals, a California-based clinical stage pharmaceutical company, in a $62m deal. "The execution of the merger agreement presents an important milestone and represents a unique opportunity to finance and advance the clinical development of Reviva's innovative therapies, which may improve treatment options for neuropsychiatric and respiratory diseases with high unmet medical needs," Laxminarayan Bhat, Reviva Founder, President and CEO.
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