Announced
Completed
Financials
Tags
Friendly
Majority
Private
Single Bidder
Acquisition
Merger
United States
life sciences
Biotechnology
clinical stage biotechnology
Domestic
Reverse Takeover
Completed
De-SPAC
Synopsis
Revelation Biosciences, a clinical-stage life sciences company focused on the development of immunologic‑based therapies for the prevention and treatment of disease, went public via a SPAC merger with Petra Acquisition, a special purpose acquisition company, in a $128m deal. "Revelation Biosciences represents an opportunity to dramatically reduce the impact and severity respiratory infections have on our lives. This transaction will provide James and the proven leadership team at Revelation the capital necessary to continue innovating in the world of innate immune system therapeutics and diagnostics – the first step towards a healthier future," Andreas Typaldos, Petra CEO and Chairman.
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