Regenerative Tissue Developer Humacyte Going Public Via SPAC
Alpha Healthcare Acquisition (NASDAQ: AHAC), a special purpose acquisition company (SPAC), is being acquired by privately held Humacyte in a reverse-merger. Humacyte is a world leader in the field of regenerative medicine. The deal is expected to close in the second quarter; the new company will trade on the NASDAQ under the ticker "HUMA."
Alpha Healthcare Acquisition CEO Rajiv Shukla previously ran Constellation Alpha Capital, the SPAC that took DermTech public in 2019. Over the last year, shares of DermTech have run up 444%. For his new SPAC, Shukla investigated 95 companies before finally settling on Humacyte, according to an article in Fierce Biotech. It was "by far the best option," he said.
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Source Fool.com
