SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

BRIEF-Ginkgo Bioworks To Go Public Through Merger With Soaring Eagle SPAC

05/11/2021 08:15
BRIEF-Ginkgo Bioworks To Go Public Through Merger With Soaring Eagle SPAC

- Soaring Eagle Acquisition Corp SRNG.O:

  • GINKGO BIOWORKS TO BECOME A PUBLIC COMPANY AND EXPAND ITS LEADING PLATFORM FOR CELL PROGRAMMING

  • SOARING EAGLE ACQUISITION CORP - INSTITUTIONAL INVESTORS HAVE COMMITTED $775 MILLION IN AN OVERSUBSCRIBED PIPE

  • SOARING EAGLE ACQUISITION CORP - DEAL VALUES GINKGO BIOWORKS, INC. AT A $15 BILLION PRE-MONEY EQUITY VALUATION

  • SOARING EAGLE ACQUISITION CORP - DEAL IS EXPECTED TO PROVIDE UP TO $2.5 BILLION OF PRIMARY PROCEEDS

  • SOARING EAGLE ACQUISITION CORP - NEW INVESTORS INCLUDE ACCOUNTS ADVISED BY ARK INVESTMENT MANAGEMENT, ARROWMARK PARTNERS, BAIN CAPITAL PUBLIC EQUITY

  • SOARING EAGLE ACQUISITION CORP - EAGLE EQUITY PARTNERS IS CO-SPONSORING THE TRANSACTION WITH BELLCO CAPITAL

  • SOARING EAGLE ACQUISITION CORP - GINKGO EXPECTS TO GENERATE $150 MILLION OF REVENUE IN 2021, REPRESENTING APPROXIMATELY 96% GROWTH FROM 2020

  • SOARING EAGLE ACQUISITION CORP - IN CONNECTION WITH CLOSING OF DEAL, SOARING EAGLE INTENDS TO CHANGE ITS NAME TO GINKGO BIOWORKS HOLDINGS, INC.

  • SOARING EAGLE ACQUISITION CORP - JASON KELLY, CEO OF GINKGO, AND RESHMA SHETTY, PRESIDENT/COO OF GINKGO, WILL CONTINUE TO LEAD COMBINED CO

Source text: [https://bit.ly/2RN2ZQM]

Further company coverage: SRNG.O


(([email protected];))