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Stock impact report

Chardan Acts as M&A Advisor in Health Sciences Acquisitions Corporation Completed Merger with Immunovant

BiomX Inc. COmmon Stock (PHGE) 
Company Research Source: PR Newswire
NEW YORK, Dec. 19, 2019 /PRNewswire/ -- Chardan Capital Markets, LLC ("Chardan") announced today that its client, Health Sciences Acquisitions Corporation ("HSAC"), successfully completed its merger on December 18, 2019 with Immunovant Sciences Ltd. ("Immunovant"), a clinical-stage biopharmaceutical company focused on enabling normal lives for patients with autoimmune diseases. The shares of common stock, units, and warrants of the combined company are expected to begin trading today on the NASDAQ under the symbols IMVT, IMVT.U, and IMVT.WS, respectively.Chardan acted as lead book runner in the initial public offering of HSAC, a special purpose acquisition company sponsored by RTW Investments that raised aggregate gross proceeds of $115 million, including exercise of the over-allotment for the IPO. "From the start, HSAC was a unique SPAC in that it had been majority held by healthcare-sector investors since IPO," said George Kaufman, Partner and Head of Investment Banking at Chardan. Show less Read more
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