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DA32 Life Science Tech Acquisition Corp. has successfully closed its initial public offering, selling 20,000,000 shares of Class A common stock at $10.00 each. The shares commenced trading on Nasdaq under the ticker symbol DALS on July 28, 2021. The company, sponsored by Deerfield, ARCH, and Section 32, is led by CEO Steven Kafka. DA32 aims to pursue business combinations in the life science technology sector, leveraging the experience of its seasoned management team and board. The offering includes an over-allotment option for underwriters to purchase an additional 3,000,000 shares.
DA32 Life Science Tech Acquisition Corp. announced the pricing of its initial public offering (IPO) of 20 million shares of Class A common stock at $10.00 per share. The shares will be listed on Nasdaq under the ticker symbol 'DALS', with trading commencing on July 28, 2021, and closing expected on July 30, 2021. Sponsored by Deerfield Management, ARCH Venture Partners, and Section 32, the company aims to merge with life sciences technology firms. J.P. Morgan and Cowen are joint bookrunners, with an option for underwriters to purchase 3 million additional shares.
Forward-looking statements caution the potential uncertainties surrounding the IPO.