---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-044461"
form_type: "8-K"
ticker: "PCSC"
cik: "0002017526"
company_name: "Perceptive Capital Solutions Corp"
filed_at: "2025-12-05T23:59:59+00:00"
generated_at: "2026-05-16T14:21:32.987884+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# PCSC to merge with Freenome in SPAC deal valuing Freenome at $725M; $240M PIPE

## Summary
- Implied Freenome equity value of $725M; exchange ratio based on that value.
- PIPE financing of $240M (24M shares at $10/share) from Perceptive Advisors affiliate and existing Freenome stockholders.
- Transaction expected to close in first half 2026; subject to shareholder approvals, HSR clearance, and Nasdaq listing.
- Post-closing board of nine directors; Sponsor and certain stockholders subject to 6-month lock-up.
- PCSC will domesticate to Delaware and rename to Freenome, Inc.; PCSC shareholders have redemption rights.

## SEC filing metadata
- accession: 0001140361-25-044461
- form_type: 8-K
- ticker: PCSC
- cik: 0002017526
- company_name: Perceptive Capital Solutions Corp
- filed_at: 2025-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2017526/000114036125044461/0001140361-25-044461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2017526/000114036125044461/ef20060706_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-044461
- JSON: https://secwatch.observer/filing/0001140361-25-044461.json
- Plain text: https://secwatch.observer/filing/0001140361-25-044461.txt

## Key facts
- Material Agreements
  Perceptive Capital Solutions Corp entered into Business Combination Agreement with Freenome Holdings, Inc. (effective 2025-12-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: Freenome Holdings, Inc.
  - Effective: 2025-12-05
  source text: On December 5, 2025, Perceptive Capital Solutions Corp, a Cayman Islands exempted company (“ PCSC ”), StarNet Merger Sub I, Corp., a Delaware corporation and a wholly-owned subsidiary of PCSC (“ Merger Sub I ”), StarNet Merger Sub II, LLC, a Delaware limited liability company and a wholly-owned subsidiary of PCSC (“ Merger Sub II ”), and Freenome Holdings, Inc., a Delaware corporation (“ Freenome ”), entered into a Business Combination Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/2017526/000114036125044461/0001140361-25-044461-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.