Perceptive Capital Solutions Completes $86.25M IPO

New SPAC Perceptive Capital Solutions closed its with a raise of $86.25 million, including the full exercise of the ' over-allotment option. The securities list on the under symbol PCSC.

The SPAC said it intends to focus on the healthcare industry in the United States and other developed countries. The company is led by Chairman Joseph Edelman, CEO Adam Stone, CBO Michael Altman and CFO Sam Cohn.

Edelman is founder, CEO and portfolio manager of Perceptive Advisors.

is sole book-running managers for the offering. The SPAC has granted Jefferies a 45-day option to purchase up to an additional 1.125 million shares to cover over-allotments, if any, at the IPO price. Read more.

Source: Perceptive Capital Solutions Completes .25M IPO