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New Deal


Announced

Completed

Renovacor went public via a SPAC merger with Chardan Healthcare in a $95m deal.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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De-SPAC

Acquisition

Friendly

United States

cardiovascular diseases treatment

Domestic

Single Bidder

biopharmaceuticals

Pharmaceuticals

Reverse Takeover

Merger

Majority

Completed

Private

Synopsis

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Renovacor, a preclinical stage gene therapy company developing a pipeline of AAV-based gene therapies, went public via a SPAC merger with Chardan Healthcare, a SPAC, in a $95m deal. "We believe Renovacor’s sound development strategy, experienced management team and world-class scientific advisors will position the company for sustained success. We expect the added financial flexibility provided by its public listing and concurrent financing will accelerate the development of Renovacor’s pipeline to create much needed therapies for patients, while potentially generating significant long-term value for stockholders," Jonas Grossman, President and CEO.

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