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New Deal


Announced

Adagio Medical to go public via a SPAC merger with ARYA Sciences Acquisition.

Financials

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

Tags

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United States

Acquisition

De-SPAC

Private

Single Bidder

Biotechnology

Domestic

Majority

Reverse Takeover

Friendly

cardiovascular diseases treatment

Pending

Merger

Synopsis

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Adagio Medical, an innovator in catheter ablation technologies for treatment of cardiac arrhythmias, agreed to go public via a SPAC merger with ARYA Sciences Acquisition, a special purpose acquisition company. Financial terms were not disclosed. "The business combination agreement and Adagio Medical's evolution to a public company is a natural next step in our relationship with Perceptive Advisors and other investor groups who have long supported Adagio Medical's innovations aimed to improve the efficacy of cardiac ablations," Olav Bergheim, Adagio Medical President and CEO.

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