- The digital treatment developer Pear Therapeutics is taking the SPAC route to go public through a deal expected to provide about $400 million in new funding, representing a pro forma equity value of approximately $1.6 billion.
- The proceeds include $125 million gathered from upsized private investment in public equity, plus $276 million held by Thimble Point Acquisition Corp (NASDAQ:THMA), a blank-check company backed by the Pritzker Vlock Family Office.
- The newly combined Pear Holdings Corp. is expected to begin trading on the NASDAQ under the ticker PEAR.
- Business Combination provides additional investment to invest in the commercialization of Pear’s three FDA-authorized products, advancing Pear’s pipeline of product candidates.
- The deal will conclude in the 2H of 2021.
- Price Action: THMA shares are up 1.80% at $9.88 during the market trading session on the last check Tuesday.
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