SPAC target Prenetics sinks on US debut
Hong Kong-based genomic and diagnostic testing business Prenetics slumped on its NASDAQ debut, unable to withstand struggling public markets public markets and weak investor appetite for businesses that merge with US-listed special purpose acquisition companies (SPACs).
Prenetics agreed to merge with Artisan Acquisition Corp, a SPAC sponsored by Adrian Cheng, scion of property developer New World Development and managing partner of C Ventures, last year at an enterprise...
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