3 Firms Guide Dutch Biotech Startup's $326M SPAC Merger

By Tom Zanki (July 25, 2022, 8:49 PM BST) -- Cardiovascular disease-focused NewAmsterdam Pharma BV has agreed to go public by merging with special purpose acquisition company Frazier LifeSciences Acquisition Corp. in a deal, guided by three firms, that values the biotechnology startup at $326 million.

Netherlands-based NewAmsterdam will trade on the Nasdaq under the symbol "NAMS" before year's end, if the merger goes through as planned. The agreement calls for infusing NewAmsterdam with $235 million in fresh proceeds through an additional financing round known as a private investment in public equity, or PIPE.

Covington & Burling LLP is representing NewAmsterdam while Goodwin Procter LLP is counseling Frazier LifeSciences. Kirkland &...

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