The company is a SPAC – a Special Purpose Acquisition Company with the goal of getting within a specified period of time Acquire a European late-stage growth company from the technology sector. At the start of trading, the shares were quoted at 11.15 euros, the issue price was 10.00 euros. A SPAC is a shell company without its own operational business.
The aim is to raise capital through a listing and use the proceeds to take over a non-listed company within a limited period of time and to bring it to the stock exchange indirectly. After completion of the transaction, the acquired company was listed on the stock exchange indirectly via SPAC.
The input from gabb Neue Aktien for http://www.boerse-social.com/gabb from February 22nd)
1. DAX Frankfurt Viola Grebe, (© Viola Grebe) >> Open on photaq.com
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Evotec is a drug discovery and development company that drives approaches to the development of new pharmaceutical products through research alliances and development partnerships with pharmaceutical and biotechnology companies, academic institutions, patient organizations and venture capital companies.
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