MSD Acquisition Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
MSD Acquisition Corp. (the "Company") today announced the closing of its initial public offering ("IPO") of 57,500,000 units at a price of $10.00 per unit, including 7,500,000 units issued pursuant to the underwriters' full exercise of the option to purchase additional units. Total gross proceeds from the offering were $575,000,000, before deducting underwriting discounts and commissions and other offering expenses. The Company's units began trading on The Nasdaq Capital Market (the "Nasdaq") under the symbol "MSDAU" on March 25, 2021.