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BioWorld - Sunday, May 25, 2025
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Home » On the SPAC track: Slowdown continues with Ross/Aprinoia sputter
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On the SPAC track: Slowdown continues with Ross/Aprinoia sputter

Aug. 24, 2023
By Lee Landenberger and Karen Carey
The first special purpose acquisition company (SPAC) merger announced in 2023 has fallen apart. Aprinoia Therapeutics Inc. and Ross Acquisition Corp. II mutually agreed to call off the merger that had been valued at $280 million. The failed deal is part of a larger trend that has gained momentum in the past year as a struggling economy and tighter U.S. SEC restrictions dampened SPAC deals.
BioWorld BioWorld MedTech Deals and M&A Neurology/psychiatric Diagnostics

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