TMPMU News

2020’s SPAC mania is showing signs of fatigue. A record-shattering 168 blank check IPOs have raised $57 billion this year, more proceeds than the past 10 years combined. Another 64 SPACs are on file.  Yet in the past month, 14 SPACs have priced downsized...read more

Turmeric Acquisition, a blank check company formed by MPM Capital targeting the biotech industry, raised $85 million by offering 8.5 million units at $10. The company originally planned to offer 10 million units before decreasing the unit offering on Tuesday. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. The...read more

Turmeric Acquisition, a blank check company formed by MPM Capital targeting the biotech industry, lowered the proposed deal size for its upcoming IPO on Tuesday. The Cambridge, MA-based company now plans to raise $85 million by offering 8.5 million units at $10. The company had previously filed to offer 10 million units at the same price. Each unit still consists of one share...read more

Turmeric Acquisition, a blank check company formed by MPM Capital targeting the biotech industry, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Cambridge, MA-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at...read more