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NetworkNewsBreaks – KBL Merger Corp. IV (NASDAQ: KBLM) Featured in Seeking Alpha Article Discussing ‘Blockbuster Year for SPACs’

Company: KBL Merger Corp. IV (KBLM)
Category: News

KBL Merger Corp. (NASDAQ: KBLM) (KBL Merger Corp. Rights NASDAQ: KBLMR) (KBL Merger Corp. Warrant NASDAQ: KBLMW), a Special Purpose Acquisition Corporation (SPAC) that previously announced the acquisition of 180 Life Sciences, was featured in a Seeking Alpha news article. The piece discussed a “blockbuster year for SPACs,” indicating that, to date, fiscal year 2020 has seen 127 SPAC IPOs collectively raise over $48.5 billion in proceeds. This represents significantly more than the previous ten years combined. The article covers the process of going public via a SPAC as a cost-effective way to complete a M&A deal in weeks instead of months, as well as an attractive vehicle for biotech companies through providing ready access to capital and much greater public visibility. Seeking Alpha revealed high expectations for the merger of 180 Life Sciences and KBLM before year end, which comes on the heels of successful SPAC mergers of Immatics N.V. (NASDAQ: IMTX) with Arya Sciences; Immunovant Inc. (NASDAQ: IMVT) with Health Sciences Acquisitions Corporation (in 2019); AdaptHealth Holdings (NASDAQ: AHCO) with DFB Healthcare Acquisitions (in 2019); and currently MultiPlan with Churchill Capital Corp III (NYSE: CCXXU). The piece also highlighted DraftKings Inc. (NASDAQ: DKNG) and Skillz (NYSE: FEAC) as large and successful SPACS of the year.

To view the full article, visit https://nnw.fm/gNOty

About KBL Merger Corp. IV

KBL Merger Corp. is a blank check company that raised $115 million with the goal of identifying and acquiring a company with a strong value proposition mainly in the U.S. health care industry. KBL Merger Corp. focused on this industry due to its management’s deep experience in this large, growing segment of the U.S. economy. Marlene Krauss, MD is the CEO of KBL Merger Corp. This is Dr. Krauss’ fourth SPAC in the healthcare space. She has invested more than $1 billion through three institutional venture capital funds, numerous IPOs and three prior SPACS. For more information, visit www.KBLMerger.com.

About NetworkNewsWire

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