FVAM News

5:01 Acquisition, a blank check company formed by 5AM Ventures, raised $80 million by offering 8 million shares at $10. Unlike an ordinary SPAC, the company did not offer warrants that would become exercisable following completion of the initial business combination. The company is led by Co-CEOs Andrew Schwab and Kush Parmar, who both serve as Managing...read more

5:01 Acquisition, a blank check company formed by 5AM Ventures, filed on Friday with the SEC to raise up to $80 million in an initial public offering. The San Francisco, CA-based company plans to raise $80 million by offering 8 million shares at $10. Unlike an ordinary SPAC, the company is not offering warrants that would become exercisable following completion...read more