M&A
confidence high
sentiment neutral
materiality 0.75
enGene closes business combination with SPAC Forbion European Acquisition Corp., becomes public on Nasdaq
enGene Therapeutics Inc.
- New enGene shares and warrants trade on Nasdaq under 'ENGN' and 'ENGNW' starting Nov 1, 2023.
- Approximately 10.4 million FEAC Class A shares were redeemed in connection with the deal.
- Post-combination, Forbion Growth (31.9%), Lumira Ventures (14.4%), and others are top shareholders.
- Company retains enGene's focus on non-viral gene therapies for mucosal tissues, lead candidate EG-70 for NMIBC.
- PIPE financing was consummated alongside the transaction (amount not disclosed in this filing).