Research analysts covering Perceptive Capital Solutions.
Recent press releases and 8-K filings for PCSC.
PCSC and Freenome Announce Business Combination Agreement
PCSC
M&A
New Projects/Investments
- Perceptive Capital Solutions Corp (PCSC) and Freenome Holdings, Inc. announced a definitive business combination agreement to create a publicly listed company focused on blood-based multi-cancer detection.
- The combined company, which will be renamed Freenome, Inc., is expected to be listed on Nasdaq under the ticker symbol FRNM, with the business combination anticipated to be completed in the first half of 2026.
- The transaction includes commitments for a private investment in public equity (PIPE) of approximately $240 million at $10.00 per share, led by Perceptive Advisors and RA Capital.
- Additionally, approximately $90 million is held in PCSC's trust account (assuming no redemptions).
- The Base Equity Value for the transaction is $725,000,000, with a pro forma cash of approximately $493 million and a post-transaction equity value of approximately $1.09 billion (both assuming no redemptions).
3 days ago
Perceptive Capital Solutions Corp Announces Business Combination with Freenome
PCSC
M&A
New Projects/Investments
- Perceptive Capital Solutions Corp (PCSC) and Freenome Holdings, Inc. have entered into a definitive business combination agreement.
- Upon closing, PCSC will redomicile, be renamed Freenome, Inc., and its common stock is expected to be listed on Nasdaq under the ticker symbol FRNM.
- The transaction includes approximately $90 million held in PCSC's trust account and an approximately $240 million concurrent PIPE financing of common stock at $10.00 per share, led by Perceptive and RA Capital.
- The combined company is expected to receive approximately $330 million in proceeds and have a post-transaction equity value of approximately $1.1 billion, assuming no redemptions by PCSC's public shareholders.
- The business combination is expected to be completed in the first half of 2026.
3 days ago
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