Social Capital Suvretta Holdings Corp. III
General Information | |
Business: | (Note: This is a SPAC or blank-check IPO consisting of Class A ordinary shares – and NOT units. The typical SPAC or blank-check IPO is a unit offering of stock and warrants to buy stock. Up to 5 percent of the stock in this offering was made available to retail investors by underwriter SoFi Securities on its online trading platform, SoFi, the prospectus says.) This is the third biotech-focused blank-check company or SPAC created by the partnership of Chamath Palihapitiya, the founder and current Managing Partner of Social Capital, and Kishan (a/k/a Kishen) Mehta, the Portfolio Manager of the Averill strategy at Suvretta. Mr Palihapitiya is the chairman and the CEO of this SPAC, along with the other three SPACs under the Social Capital Suvretta name. Mr. Mehta is the president and a director of all four Social Capital Suvretta SPACs. (Incorporated in the Cayman Islands) We intend to focus our search for a target business operating in the biotechnology industry and within the “organ space” subsector. This subsector concentrates on developing therapies to treat non-oncology diseases of the major organs – the heart, the lungs, the liver, the kidneys and the pancreas, including diabetes. (Note: Social Capital Suvretta Holdings Corp. III upsized its SPAC IPO at pricing on June 29, 2021, to 22 million Class A ordinary shares, up from 20 million shares in the prospectus, at $10 each to raise $220 million.) |
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 2850 W. Horizon Ridge Parkway, Suite 200 Henderson, NV 89052 |
Phone Number | (650) 521-9007 |
Web Address | |
View Prospectus: | Social Capital Suvretta Holdings Corp. III |
Financial Information | |
Market Cap | $276.0mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | DNAC |
Exchange | NASDAQ |
Shares (millions): | 22.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $220.0 mil |
Manager / Joint Managers | Morgan Stanley |
CO-Managers | SoFi Securities |
Expected To Trade: | 6/30/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |