NEW YORK, May 24, 2021 /PRNewswire/ -- MSD
Acquisition Corp. (Nasdaq: MSDAU) (the "Company" or
"us") announced that, commencing May
20, 2021, holders of the units sold in the Company's initial
public offering of 57,500,000 units, completed on March 29, 2021, may elect to separately trade the
Class A ordinary shares and warrants included in the units. Those
units that are not separated at the election of the holder will
continue to trade on the Nasdaq Stock Market LLC ("Nasdaq") under
the symbol "MSDAU," and the Class A ordinary shares and warrants
that are separated will trade on the Nasdaq under the symbols
"MSDA" and "MSDAW," respectively. Holders of the units will need to
have their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate the
units into Class A ordinary shares and warrants.
The units were initially offered by the Company in an
underwritten offering. Goldman Sachs & Co. LLC and Morgan
Stanley & Co. LLC acted as the book running managers for the
offering. A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission (the "SEC") on March 24,
2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About MSD Acquisition Corp.
MSD Acquisition Corp. is a newly incorporated special purpose
acquisition company formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization,
or similar business combination. The Company is led by its founders
Gregg Lemkau, the Chief Executive
Officer of MSD Partners and former Co-Head of the Investment
Banking Division at Goldman Sachs, and John
Phelan, the Co-Founding Partner and Chief Investment Officer
of MSD Partners and MSD Capital. MSD Partners is an investment
adviser established in 2009 by partners of MSD Capital, which is
the private investment firm that was established in 1998 to
exclusively manage the capital of Michael
Dell, the Chairman and Chief Executive Officer of Dell
Technologies, and his family. As of December
31, 2020, MSD Capital and MSD Partners collectively manage
over $19 billion. Michael Dell is the Company's Strategic Advisor
and will be a resource in its pursuit of an initial business
combination.
MSD Acquisition Corp. may pursue an investment in any business
industry or sector, and plans to leverage its deal experience,
investment track record, and expertise across various
growth-oriented sectors, including technology and media. The
Company believes its affiliation with MSD Partners, the experience
and network of its management team and Strategic Advisor, and the
access to its board members' expertise will be attractive to
potential target businesses and will enable it to identify and
execute a successful business combination.
For more information, please visit
www.msdacquisitioncorp.com or contact:
Todd Fogarty or Anntal Silver
Kekst CNC
212-521-4854 or 212-521-4849
MSDAcquisition@kekstcnc.com
Forward-Looking Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company's registration statement and prospectus relating to the
Company's initial public offering filed with the SEC. Copies are
available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE MSD Acquisition Corp.