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Helix Acquisition II Priced, Nasdaq: HLXB

Blank check company formed by Cormorant Asset Management targeting healthcare.

Industry: SPAC

Latest Trade: $10.34 0.00 (0.0%)

First Day Return: +1.9%

Return from IPO: +3.4%

Industry: SPAC

We are a blank check company. While we may pursue a business combination target in any business or industry, we intend to focus on healthcare or healthcare related industries, which can benefit from the expertise and capabilities of our management team in order to create long-term shareholder value. Our sponsor is an affiliate of Cormorant, a leading life sciences focused investment firm with over $2 billion in assets under management as of December 31, 2022. Our Chairperson and Chief Executive Officer, Bihua Chen, founded Cormorant and is the managing member of Cormorant. Since its inception in 2013, Cormorant has focused on the healthcare industry and invests, throughout their growth cycle, in companies that discover and develop therapeutic drugs or medical technology. Cormorant is an active life-science investor with investments in over 100 privately held, life science-focused companies over this period. Of these investments, over 50 have completed initial public offerings. Notable successes include Prometheus Biosciences, Inc., Turning Point Therapeutics, Inc., and MyoKardia, Inc., each of which has been acquired for more than $4 billion. Other notable successes include BridgeBio Pharma Inc. and Apellis Pharmaceuticals Inc., each of which is a public company with a market capitalization greater than $1 billion.
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IPO Data
IPO File Date 01/18/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 16.0
Deal Size ($mm) $160
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/08/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 16.0
Deal Size ($mm) $160
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Leerink Partners
Company Data
Headquarters Boston, MA, United States
Founded 2021
Employees 3

Helix Acquisition II (HLXB) Performance