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Adagio speeds up financing rhythm with $42M SPAC deal

The slow pace of financing in med-tech appears to have stimulated cardiac arrhythmia technology developer Adagio Medical Inc. to turn to a special purpose acquisition company (SPAC) in a type of deal that has all but vanished in the last year. The company signed an agreement with Arya Sciences Acquisition Corp. IV to combine in a reverse merger deal that will result in Adagioโ€™s listing on Nasdaq under โ€œADGM.โ€
Adagio Medical Inc Arya Sciences Acquisition Corp Adagio Medical Arya Sciences Acquisition Bioworld Medtech Adagio Medical Inc

The inside story on Perceptive Advisors' SPAC strategy

Perceptive Advisors Healthcare and biotech specialist Perceptive Advisors has raised four SPACs, and completed three deals. The firms chief investment officer Adam Stone walked Insider through their SPAC strategy. The firm has taken Immatics, Cerevel Therapeutics, and Nautilus Biotechnology public via SPACs. Compared to the average SPAC sponsor, Perceptive Advisors track record has been phenomenal.ย  Less than...
Adam Stone Arya Sciences Acquisition Franklin Templeton Perceptive Advisors Cerevel Therapeutics Nautilus Biotechnology

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