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Rockley Photonics to go public via SPAC merger

March 22, 2021

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Chip supplier Rockley Photonics has agreed to go public by merging with a blank-check company, SC Health Corp. The deal values the combined company at $1.2 billion. Rockley has raised capital from investors like Applied Ventures, the venture arm of Applied Materials, SIG-I Capital and Morningside Ventures.

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