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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