Brief: Psyence Announces Business Combination Between Wholly Owned Subsidiary Psyence Biomed Corp
09/01/2023 23:17
Jan 9 (Reuters) - Psyence Group Inc PSYG.CD :
* PSYENCE ANNOUNCES BUSINESS COMBINATION BETWEEN WHOLLY
OWNED
SUBSIDIARY PSYENCE BIOMED CORP. AND NASDAQ LISTED NEWCOURT
ACQUISITION CORP
* PSYENCE GROUP INC - UPON CLOSING OF BUSINESS COMBINATION,
PSYENCE BIOMED WOULD EXPECT TO RECEIVE A MINIMUM OF USD$20
MILLION OF CASH HELD IN TRUST
* PSYENCE GROUP INC - BUSINESS COMBINATION REFLECTS A
PRE-MONEY
EQUITY VALUE OF USD$50 MILLION FOR PSYENCE BIOMED
Source text for Eikon: ID:nGNX527Vpg
Further company coverage: PSYG.CD
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