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New Deal


Announced

Completed

Tenzing Acquisition completed the merger with Reviva Pharmaceuticals in a $62m deal.

Financials

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Transaction Value£49m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

pharmaceutical company

Acquisition

Friendly

Pharmaceuticals

Private

clinical stage pharmaceuticals

Merger

De-SPAC

Completed

Reverse Takeover

Synopsis

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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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