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New Deal


Announced

Completed

Ensysce Biosciences went public via a SPAC merger with Leisure Acquisition in a $207m deal.

Financials

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Transaction Value£151m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

biotech

Acquisition

United States

Merger

Domestic

Biotechnology

Private

Single Bidder

Reverse Takeover

Friendly

De-SPAC

Completed

Synopsis

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Ensysce Biosciences, a clinical-stage biotech company, went public via a SPAC merger with Leisure Acquisition, a special purpose acquisition company, in a $207m deal. “The completion of our merger with LACQ is an extraordinary milestone for our company, our employees, and our shareholders. Crucially, we are led by our highly qualified and experienced board and leadership team that is committed to developing safer prescription drug options for both prescribers and patients. Our board and management team’s experience, extensive relationships and access to the public capital markets position us well for the future and we look forward to creating long-term value for all stakeholders," Lynn Kirkpatrick, Ensysce CEO.

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