Renaissance Capital logo

Deep Medicine Acquisition Priced, Nasdaq: DMAQ

Blank check company targeting the healthcare industry (pending: Chijet Motor Company).

Industry: SPAC

Latest Trade: $10.07 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: +0.7%

Industry: SPAC

We are a blank check company. While we may pursue an acquisition or a business combination target in any business or industry, we intend to concentrate our efforts in identifying a target in the healthcare industry with an equity value of approximately $300 million to $1 billion. The healthcare industry, the focus of our company, has been chosen due to the myriad of the opportunities it offers, as well as our deep expertise in it that can be a source of significant competitive advantage. In addition to being the largest sector of the world economy, the healthcare sector is also the fastest growing. This is due to a number of demographic, technological, and economic reasons. The aging global population means that people live longer to develop many “old-age” chronic diseases such as hypertension, heart disease, cancer, and many other diseases. There has been significant progress in the ability to manage these diseases over the last century. In 1970, the probability of dying from a heart attack was over 30%, while today it is less than 5%. Hairy cell leukemia was universally fatal in the late 90’s, while today most patients are cured with the first round of chemotherapy. The pace of innovation in medical science has accelerated due to the increase in global wealth and the available funding for research, better equipment and techniques, and increased sophistication in designing clinical trials.
more less
IPO News for Deep Medicine Acquisition
more
IPO Data
IPO File Date 09/13/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 11.0
Deal Size ($mm) $110
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/26/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 11.0
Deal Size ($mm) $110
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters New York, NY
Founded 2020
Employees 2