Renaissance Capital logo

Psyence Biomed (Newcourt Acquisition) Priced, Nasdaq: PBM

Blank check company targeting digital financial services and fintech businesses (completed 1/25/2024).

Industry: SPAC

Latest Trade: $1.16 0.00 (0.0%)

First Day Return: +0.5%

Return from IPO: -88.4%

Industry: SPAC

Newcourt Acquisition is a newly formed blank check company. We intend to concentrate our efforts on identifying digital financial services and financial technology (“fintech”) businesses with exposure to emerging markets, though we may pursue a business combination outside of those industries. If we elect to pursue an investment outside of those industries, our management’s expertise may not be directly applicable to its evaluation or operation, and the information contained in this prospectus regarding that industry might not be relevant to an understanding of the business that we decide to acquire. Our team has global industry knowledge gained from 68 combined years of operating and investing in emerging markets. We believe that our management team, board of directors and strategic advisors’ deep network of contacts and extensive deal execution experience are central to our differentiated acquisition strategy. We will seek to capitalize on the significant investment, technology, financial services, financial technology and banking experience and contacts of our management team, board of directors and advisors to identify, evaluate and acquire a digital financial services or fintech business with exposure to emerging markets.
more less
IPO Data
IPO File Date 03/16/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 22.0
Deal Size ($mm) $220
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/19/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 22.0
Deal Size ($mm) $220
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters Oakland, CA, United States
Founded 2021
Employees 3

Psyence Biomed (Newcourt Acquisition) (PBM) Performance