Announced
Completed
Financials
Tags
De-SPAC
Biotechnology
Domestic
Private
machine learning
Majority
Reverse Takeover
Private Equity
Single Bidder
United Kingdom
artificial intelligence
Friendly
Acquisition
Merger
Completed
Synopsis
BenevolentAI, a clinical-stage AI drug discovery company, went public via a SPAC merger with Odyssey Acquisition in a $1.7bn deal. The transaction includes a c.$152m PIPE from Temasek, AstraZeneca, Ally Bridge Group and Invus. "The combination with Odyssey will allow us to scale our vision and ambition of uniting purposeful technology and cutting-edge science to discover life-changing medicines," Joanna Shields, BenevolentAI CEO.
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