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New Deal


Announced

Completed

Apexigen went public via a SPAC merger with Brookline Capital Acquisition in a $205m deal.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

biopharmaceutical company

Merger

Pharmaceuticals

Private

De-SPAC

Reverse Takeover

Friendly

Acquisition

Single Bidder

Completed

Majority

Synopsis

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Apexigen, a biopharmaceutical company, went public via a SPAC merger with Brookline Capital Acquisition, a blank cheque company, in a $205m deal. “We are thrilled to partner with Apexigen to power the next generation of immuno-oncology therapeutics. Apexigen’s validated APXiMAB antibody discovery platform and expanding pipeline hold significant promise across multiple cancer indications with high unmet needs, as well as potential applications beyond oncology. We have great confidence in management’s ability to lead Apexigen through this next phase of growth as a publicly listed company, to reach new inflection points across its pipeline and to drive long-term value for stockholders," Samuel P. Wertheimer, Brookline Capital Chairman and CEO.

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