Avista Public Acquisition Corp. II closes $230M IPO, $235.75M in trust

OmniAb, Inc.

IPO of 23M units at $10/unit, including full over-allotment of 3M units.
Gross proceeds $230M; private placement of 8.23M sponsor warrants grossed $12.35M.
Total $235.75M placed in trust account for future business combination.
Company targets healthcare industry for initial business combination.
Sponsor and officers entered into lock-up, registration, and other standard agreements.

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