Roivant Sciences to Combine with Montes Archimedes Acquisition Corp. (MAAC) and Go Public as ROIV

May 3, 2021

Roivant Sciences entered into a definitive business combination agreement with Montes Archimedes Acquisition Corp. (MAAC), a SPAC sponsored by Patient Square Capital, to take Roivant public on Nasdaq under the ticker ROIV. The transaction is expected to provide up to $611 million of gross proceeds (including a $200 million PIPE) to fund discovery and development programs and extend Roivant's operating runway through mid-2024.

Buyers
Montes Archimedes Acquisition Corp. (MAAC), Patient Square Capital, Fidelity Management & Research Company LLC, Eventide Asset Management, Suvretta Capital, Palantir Technologies, RTW Investments, LP, Viking Global Investors, Sumitomo Dainippon Pharma, SB Management (a subsidiary of SoftBank Group Corp.)
Targets
Roivant Sciences
Industry
Biotechnology
Location
New York, United States
Transaction Type
Buyout

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