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home / news releases / FSDC - Foresite Capital's second SPAC FS Development II raised $175M in IPO trades today

FSDC - Foresite Capital's second SPAC FS Development II raised $175M in IPO trades today

FS Development Corp.
FS Development II (FSDC) has priced its upsized initial public offering of 17.5M Class A common stock (from 10M) at $10/share.Shares will begin trading today on Nasdaq.Offering is expected to close on February 19.Underwriters' over-allotment is an additional 2.625M shares.SPAC inetnds to focus on business combination with one or more businesses in the biotechnology and life sciences sector.Foresite's previous SPAC, FS Development, went public in August 2020 and has a pending merger agreement with AMD biotech Gemini Therapeutics.

For further details see:

Foresite Capital's second SPAC FS Development II raised $175M in IPO, trades today
Stock Information
Company Name: FS Development Corp.
Stock Symbol: FSDC
Market: NASDAQ
Website: geminitherapeutics.com
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