FS Development Corp ($FSDC) To IPO

FS Development Corp ($FSDC) To IPO - Image

FS Development Corp. ($FSDC) ,a warrantless SPAC which is solely focussing on Biotech. 

Jefferies is the sole underwriter for $FSDC. Jefferies don't appear to favour warrants, they were also the underwriter for Therapeutics Acquisition Corp. ($TXAC) who were the first SPAC to offer common shares only, no warrants. 

Could this approach become a future trend for SPACs? Warrantless offerings can certainly reassure common stock investors. 

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