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Growth Signals: Sema4 Navigates Precision Medicine with $500M SPAC

Growth Signals: Sema4 Navigates Precision Medicine with $500M SPAC Founder and CEO Eric Schadt, PhD, discusses the genomic and clinical data company’s approach to ‘health intelligence’ with GEN Edge. July 26, 2021 Eric Schadt, PhD, Sema4’s Founder and CEO, says his company’s going public through a just-completed $500 million SPAC deal will enhance its competitiveness as it strives to offer more holistic precision medicine solutions for health systems and biopharmas. The company employs just over 1,000 people. [Sema4] Share Sema4 has signaled its intent to grow into a juggernaut of precision medicine by going public. The company has raised about $500 million through a business combination completed with CM Life Sciences, a Special Purpose Acquisition Company (SPAC) sponsored by affiliates of noted life sciences investor Eli Casdin’s Casdin Capital and Corvex Management, a hedge fund manager and investment advisor founded by CM’s former chairman Keith A. Meister . .

Fusion und Börsengang beflügeln Lucid Motors

(Bild: dpa, Jason Szenes/Archiv) 26.07.2021 23:39 Uhr Andreas Knobloch Ein gelungenes Debüt feierte das Luxus-Elektroauto-Startup Lucid Motors am Montag an der Technologiebörse Nasdaq in New York. Die Aktien des in saudischem Besitz befindlichen und in Kalifornien ansässigen Startups legten am ersten Handelstag kräftig zu. Zuvor war eine Fusion mit dem SPAC-Unternehmen Churchill Capital IV über die Bühne gegangen. Dabei erhielt Lucid rund 4,5 Milliarden US-Dollar frisches Kapital, das in den Ausbau der Fabriken investiert werden soll. SPAC steht für Special Purpose Acquisition Company und bezeichnet Unternehmen, die Kapital sammeln, um sich später mit einem privaten Unternehmen zusammenzuschließen oder es zu übernehmen.

Lucid Motors Will Rock The Stock Market This Week

Want to buy a piece of the pie? It s been a topic of conversation for quite some time and the big day will supposedly happen this coming week. Lucid Motors has announced that the Special Purpose Acquisition Company (SPAC) merger between it and Churchill Capital Corp IV has been approved by stockholders. Beginning sometime this week, Lucid Motors will begin trading on the NASDAQ under the ticker symbol LCID. The EV automaker start-up announced last February its plans to go public sometime in the second half of this year. It s remained true to its word. The deal is expected to give Lucid a cash injection of about $4.4 billion. The money will be invested to expand its Arizona factory so that the Lucid Air luxury sedan can finally come to market. The Lucid Gravity SUV could debut sometime in 2022.

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