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New Deal


Announced

Completed

Celularity went public via a SPAC merger with GX Acquisition in a $1.25bn deal.

Financials

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Transaction Value£920m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Merger

Private

Single Bidder

Majority

Friendly

Domestic

Biotechnology

United States

biotechnology company

De-SPAC

Reverse Takeover

Completed

Synopsis

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Celularity, a biotechnology company, went public via a SPAC merger with GX Acquisition, a special purpose acquisition company, in a $1.25bn deal. “We are excited to see Celularity take this very important next step in its evolution as a transformative biotechnology company by becoming a publicly-traded company, listed on The Nasdaq Capital Market under the symbol “CELU”. This step will enable Celularity to continue to leverage the company’s commercial and clinical-stage assets to treat diseases of high unmet need, like cancer, infectious diseases and degenerative diseases,” Dean C. Kehler, GX Acquisition Co-Chairman and CEO.

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