Blank-check CM Life Sciences II up 20% on deal to take SomaLogic public

Inflection Point Acquisition VII

29/03/2021 12:54

** Shares of Keith Meister-backed special purpose
acquisition co (SPAC)  CMIIU.O  surge 20% to $14 premarket 
    ** SPAC to take protein analysis co SomaLogic public; deal
values SomaLogic at $1.23 bln  urn:newsml:reuters.com:*:nL4N2LR2L8
    ** Deal also includes investment from SB Management, a
subsidiary of SoftBank Group Corp  9984.T , and accounts advised
by Cathies Wood's Ark Invest
    ** CMIIU is backed by Meister's Corvex Management LP and
investor Eli Casdin's Casdin Capital
    ** SPAC went public in a $276 mln IPO in February

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