Immatics N.V. (NASDAQ: IMTX; “Immatics”), today announced the completion of its business combination with Arya Sciences Acquisition Corp. (NASDAQ: ARYA; or “Arya”), a special purpose acquisition company (SPAC) sponsored by Perceptive Advisors. Today, Immatics N.V. will commence tradingits sharesunder the symbol “IMTX” and its warrants under the symbol “IMTXW”on theNasdaq Capital Market.
Immatics Announces Completion of Business Combinationand Listing on NASDAQ
Immatics Appoints Cedrik Britten as Chief Medical Officer
Immatics Biotechnologies GmbH today announced that Cedrik Britten, MD, has been appointed as Chief Medical Officer (CMO) effective June 1, 2020. Trained as a physician, Cedrik Britten will join Immatics with more than a decade of experience in clinical development including his most recent position as Vice President and Head of the Oncology Cell Therapy Research Unit at GlaxoSmithKline. He will be responsible for the management and global development of Immatics’ clinical pipeline.
Immatics Announces Business Combination with Arya Sciences
Upon successful completion of the business combination, Immatics will receive up to approximately $148 million of cash held within Arya’s trust account. Leading institutional investors commit $104 million of cash through a common stock private investment in public equity (“PIPE”) led by Perceptive Advisors and other top-tier US healthcare investors. Immatics shareholders, Arya shareholders and PIPE investors will hold shares in the newly formed company with the name Immatics N.V. that is expected to be listed on NASDAQ under the ticker symbol “IMTX”. Business combination completion is expected in the second quarter of 2020