PIPV Capital SPAC Ibere Pharmaceuticals goes public

Ibere Pharmaceuticals, a blank check company formed by PIPV Capital, has raised $120 million for its IPO after pricing its 12 million shares at $10 per share.

Ibere Pharmaceuticals, a blank check company formed by PIPV Capital, has raised $120 million for its IPO after pricing its 12 million shares at $10 per share. The stock went public February 26, 2021 on the New York Stock Exchange under the ticker symbol “IBERU.” Raymond James & Associates Inc is the sole underwriter.

PRESS RELEASE

PHILADELPHIA, Feb. 26, 2021 /PRNewswire/ — Ibere Pharmaceuticals (the “Company”) announced today that it priced its upsized initial public offering of 12,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and will begin trading today, Friday, February 26, 2021, under the ticker symbol “IBERU”. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “IBER” and “IBERW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Although the Company may pursue an acquisition opportunity in any business or industry, it intends to focus on opportunities in the pharmaceutical and life sciences industries.

Raymond James & Associates, Inc. is acting as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,800,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate, 1-800-248-8863, prospectus@raymondjames.com.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”) on February 25, 2021. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.