Roivant Purchases Silicon Therapeutics
Roivant Sciences has agreed to acquire
Silicon Therapeutics for $450 million in Roivant equity, with additional potential regulatory and commercial milestone payments.
The acquisition of Silicon Therapeutics bolsters Roivant’s targeted protein degradation platform. That platform will be powered by VantAI’s advanced machine learning models trained on proprietary degrader-specific experimental data and by Silicon Therapeutics’ proprietary computational physics capabilities, which help address many of the modality-specific challenges of degrader design and optimization. Integrating Silicon Therapeutics and VantAI will enable Roivant to distinctively capture the power of both computational physics and machine learning-based approaches to drug design; for instance, by incorporating proprietary computational physics simulations as training data for VantAI’s degrader-specific deep learning models.
ReNew Power Announces IPO through Combination with RMG SPAC
ReNew Power Private Limited, an Indian renewable energy producer, and
RMG Acquisition Corporation II have made a business combination agreement which provides an IPO for ReNew on the
Nasdaq Capital Market.
The merged company will be named
ReNew Energy Global PLC and be listed on the Nasdaq under the ticker symbol “RNW.” The transaction will consolidate ReNew’s position in solar and wind power generation in the Indian market, funding medium-term growth opportunities, as well as reducing its level of debt. The leadership of ReNew will remain unchanged, with
Sumant Sinha as chairman and CEO of the merged company, overseeing its strategic growth initiatives and expansion.
ReNew Power, India’s leading renewable energy company, to publicly list through business combination with RMG Acquisition Corporation II in $8 billion transaction 26th February 2021
ANTARA/Business Wire
• ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
• Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions
• Total anticipated proceeds of $1.2 billion, comprised of $855 million, upsized, fully-committed private placement of common stock in ReNew Power (the “PIPE”) and $345 million of gross cash held in trust by RMG II, subject to redemptions; anticipated net primary proceeds of approximately $610 million t
RMG Acquisition Corporation II
ReNew Power, India’s Leading Renewable Energy Company, to Publicly List through Business Combination with RMG Acquisition Corporation II in $8 Billion Transaction
Wednesday, February 24, 2021 6:44PM IST (1:14PM GMT)
New York, United States & New Delhi, India:
ReNew Power, India’s leading renewable energy company, has entered into a definitive business combination agreement with RMG Acquisition Corporation II (“RMG II”); upon closing, the combined entity is expected to be listed on the NASDAQ under the new ticker symbol “RNW”
Pro forma consolidated & fully diluted enterprise value of approximately $8 billion; transaction expected to close in the second quarter of 2021, subject to customary closing conditions
ADIA and Goldman to Get Exit Opportuity with Renew Power swfinstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swfinstitute.org Daily Mail and Mail on Sunday newspapers.