Avista Public Acquisition Corp. II shareholders approve OmniAb business combination; ~97% of public shares redeemed

OmniAb, Inc.

All proposals approved at Oct 24 meeting including business combination, domestication, governance, director elections.
21.7M Class A shares redeemed at ~$10.32/share ($224M total), leaving limited trust cash; Sponsor backstops redemptions.
Sponsor to receive ~8.7M shares & ~1.4M warrants for $86.7M backstop, plus $15M private placement for 1.5M shares & 1.67M warrants.
Post-close board elected: Matthew Foehr, Jennifer Cochran, Sarah Boyce, Sunil Patel, John Higgins, Carolyn Bertozzi, Joshua Tamaroff.
2022 Incentive Award Plan (14% of diluted shares) and ESPP (1.5% of diluted shares) approved, effective upon deal close.

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