Biotech Acquisition Company, a publicly traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics, Inc. (“Blade”), a biopharmaceutical company based in South San Francisco, Calif., announced the postponement of BAC’s extraordinary general meeting of shareholders (the “Extraordinary Meeting”) originally scheduled to be held on June 3, 2022. The Extraordinary Meeting has been postponed until a to-be determined later date. Once the new date of the Extraordinary Meeting has been determined, a notice setting forth the date, time and location for the Extraordinary Meeting will be distributed to the shareholders of BAC.
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The Extraordinary Meeting will be held to vote on the proposals described in BAC’s definitive proxy statement, filed with the Securities and Exchange Commission (the “SEC”) on May 9, 2022, as supplemented by a Prospectus Supplement dated May 23, 2022 relating to the previously announced proposed business combination with Blade.
The record date for the determination of shareholders entitled to vote at the Extraordinary Meeting, including all adjournments thereof, remains March 28, 2022. The BAC Board of Directors continues to recommend that shareholders vote in favor of the proposals.
As of the date of this press release, a sufficient number of BAC’s shareholders have voted to approve the proposed business combination. The postponement of the Extraordinary Meeting is intended to permit more time to satisfy all conditions necessary to effect the closing of the proposed Business Combination.
BAC shareholders who have any questions or who need assistance voting their shares may contact BAC’s proxy solicitor, Morrow Sodali LLC, by calling (800) 662-5200 (or banks and brokers can call collect at (203) 658-9400) or by emailing.
Biotech Acquisition Company raised $230 million in its initial public offering in January 2021. The Class A ordinary shares and warrants of BAC trade on the Nasdaq Capital Market under the symbols “BIOT” and “BIOTW,” respectively. BAC is a blank check company, incorporated as a Cayman Islands exempted company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. BAC believes that a business combination with a company focused on the healthcare sector will complement the background and expertise of SPRIM Global Investments, a global investment firm in the life sciences and healthcare industries, which is an affiliate of BAC and of several members of the management team behind BAC. BAC is led by Dr. Michael Shleifer, its CEO and chairman.