Arya Sciences Acquisition Corp III, a healthcare-focused blank check company sponsored by Perceptive Advisors, has debuted its IPO after pricing its 13 million shares at $10 per share. The stock began trading August 7, 2020 on the NASDAQ under the ticker symbol “ARYA.” Jefferies and Goldman Sachs are the underwriters.
NEW YORK, NY, Aug. 06, 2020 (GLOBE NEWSWIRE) — ARYA Sciences Acquisition Corp III (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 13,000,000 Class A ordinary shares at a price of $10.00 per share. The Class A ordinary shares will be listed on The Nasdaq Capital Market and trade under the ticker symbol “ARYA” beginning on August 7, 2020.
While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries. The Company intends to focus on target businesses with valuations of $300 to $500 million or more and that have the potential to be $1 billion or more market capitalization companies. The Company is led by Chairman Joseph Edelman, Chief Executive Officer Adam Stone, Chief Financial Officer Michael Altman and Chief Business Officer Konstantin Poukalov.
Jefferies LLC and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,950,000 Class A ordinary shares to cover over-allotments, if any, at the initial public offering price.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com; or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: (212) 902-1171 or email: Prospectusemail@example.com.
The registration statements relating to the securities became effective on August 6, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is expected to close on August 11, 2020, subject to customary closing conditions.