Liquidity Events
AUM Biosciences to merge with US-based SPAC Mountain Crest
AUM Biosciences, a clinical-stage biotechnology company headquartered in Singapore, promoted by non-resident Indian (NRI) entrepreneur Vivek Doshi, is going public through a merger with Mountain Crest Acquisition Corp V, a Nasdaq-listed special purpose acquisition company (SPAC). The transaction, expected to close in the first quarter of 2023, reflects a pre-money valuation of USD 400 million for AUM Biosciences and will see around USD 69 million in gross proceeds.
From the Venture Intelligence PE-VC Deal Database: In Oct-21, Everstone had invested USD 27 million in AUM Biosciences
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