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tim00mike

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tim00mike

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Monday, 05/03/2021 8:12:10 AM

Monday, May 03, 2021 8:12:10 AM

Post# of 3535
Rockley Photonics

Sensor maker Rockley Photonics to go public in $1.2B SPAC deal

https://www.fiercebiotech.com/medtech/sensor-maker-rockley-photonics-to-go-public-1-2b-spac-deal

Chipmaker Rockley Photonics has announced plans to go public to raise funds for its wearable sensor platform designed to continuously monitor multiple biomarkers such as blood glucose levels, hydration, blood pressure and body temperature.

Through a deal with publicly traded SC Health Corp., a blank-check special purpose acquisition company, or SPAC, Rockley will reemerge on the New York Stock Exchange under the ticker "RKLY" in a transaction listed with a pro forma enterprise value of $1.2 billion.

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