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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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Tags:
Private Equity,
Venture Capital
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