Frazier Lifesciences Acquisition Corporation

Frazier Lifesciences Acquisition Corporation

FLAC
Frazier Lifesciences Acquisition CorporationUS flagNASDAQ Capital Market
9.87
USD
+0.28
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

FRC

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Growth Rates

FRC

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Quarterly Revenue

FRC

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Quarterly Earnings Per Share

FRC

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Quarterly Dividends Per Share

FRC

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Shell Companies
Address
Two Union Square Seattle WA United States of America 98101
IPO Date
Feb 8, 2021
Business
Frazier Lifesciences Acquisition Corporation (FLAC) operates as a blank check company focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or entities in the biotechnology sector; it offers no independent products or services beyond its special purpose acquisition structure. Incorporated in 2020 as a Cayman Islands exempted company and headquartered in Seattle, Washington, FLAC targets healthcare and lifesciences opportunities globally, leveraging the expertise of its sponsor, an affiliate of Frazier Healthcare Partners. In November 2022, FLAC completed its initial business combination with NewAmsterdam Pharma Company N.V., a clinical-stage biopharmaceutical firm developing obicetrapib, a next-generation CETP inhibitor for cardiovascular disease; the merger provided approximately $470 million in pro forma cash, resulted in a $326 million enterprise value, and led to the combined entity's Nasdaq listing under tickers NAMS and NAMSW, with FLAC units separating into ordinary shares and warrants.