Eleusis to Become Public Company in Merger with Silver Spike Acquisition Corp. II (SPKB)
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Psychedelic Science Leader Eleusis to Become Public Company in Merger with Silver Spike Acquisition Corp. II
January 20, 2022 7:21 AM ESTBusiness combination with Silver Spike Acquisition Corp. II (Nasdaq: SPKB) expected to generate gross proceeds of up to $288 million and implies a combined enterprise value of $446 million Eleusis pioneers the development of psychedelic drug candidates in the life sciences space, with the goal of transforming psychedelics into broadly accessible medicines Eleusis designed ELE-Psilo, a proprietary psilocybin-based drug candidate that is formulated for IV infusion and in development for the treatment of depression ELE-Psilo program expected to enter clinical trials in Q2 2022 and to target the pressing need for rapid-acting... More
