Genetic testing services provider Prenetics, a spinout of City University of Hong Kong, will hold a reverse merger at a $1.25bn valuation.
Prenetics, a China-based genetic testing services spinout from City University of Hong Kong, is set for a reverse merger with special purpose acquisition company Artisan Acquisition Corp.
Prenetics will be valued at approximately $1.25bn through the deal and will take over Artisan’s listing on the Nasdaq Capital Market, which it received through a $399m initial public offering in May this year.
Artisan was founded by Adrian Cheng, CEO of property conglomerate New World Development, and will provide Prenetics…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
