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New Deal


Announced

Completed

GreenLight Biosciences went public via a SPAC merger with Environmental Impact Acquisition in a $1.2bn deal.

Financials

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Transaction Value£866m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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De-SPAC

Friendly

Venture Capital

Merger

Private Equity

Single Bidder

Biotechnology

public health

agricultural chemicals

biotechnology company

United States

Acquisition

Majority

Private

Reverse Takeover

Completed

Domestic

Synopsis

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GreenLight Biosciences, an integrated life sciences company, went public via a SPAC merger with Environmental Impact Acquisition in a $1.2bn deal. Investors in PIPE include 2G Ventures, Cormorant Asset Management, Morningside Venture Investments, Hudson Bay Capital, BNP Paribas, The Jeremy and Hannelore Grantham Environmental Trust, Continental Grain Company, Pura Vida Investments, Xeraya Capital, and MLS Fund II. “We believe that GreenLight’s breakthrough platform can create advanced therapies, vaccines, and crop-protection products that address—quickly, directly, and specifically—some of the most significant problems facing the world today. Going public through this partnership will accelerate development and commercialization by enabling us to attract the talent, purchase the tools, scale our manufacturing infrastructure, advance regulatory approvals, and develop further the science necessary to address some of humanity’s most pressing challenges," Andrey Zarur, GreenLight Co-Founder and CEO.

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