Leisure Acquisition: Rises on deal to take Ensysce Biosciences public

Ensysce Biosciences

01/02/2021 14:53

** Shares of Leisure Acquisition Corp  LACQ.O  up ~17% at 
$14.50
    ** Leisure Acquisition says it would merge with biotech
Ensysce Biosciences in a deal valuing the company at $207 mln
 urn:newsml:reuters.com:*:nPn1QXtdla
    ** LACQ says Ensysce's existing shareholders would own ~71%
of the combined co's outstanding common stock at closing
    ** Data automotive firm Otonomo, billionaire Tilman
Fertitta's hotel company Fertitta Entertainment, private jet
charter company Wheels Up, electric vehicle firm Microvast and
Nexters Global, owner of mobile game Hero Wars, all announced
SPAC mergers on Monday
    ** LACQ raised $200 mln in its IPO in 2017

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))