Full Press Release Details
Development Corp., Sponsored by Foresite Capital, Announces Pricing of Upsized $105 Million Initial Public Offering
CA - August 12, 2020 - FS Development Corp. (the "Company") announced today that it priced its initial
public offering of 10,500,000 shares of Class A common stock at $10.00 per share. The shares will be listed on The Nasdaq Capital
Market and trade under the ticker symbol "FSDC" beginning August 12, 2020. The Company expects the offering to be
consummated on August 14, 2020.
sponsored by Foresite Capital, is led by President and CEO Jim Tananbaum. The Company is a blank check company formed for the
purpose of effecting a business combination with one or more businesses in the biotechnology sector.
LLC is serving as the sole book runner for the offering. The Company has granted the underwriter a 45-day option to purchase up
to an additional 1,575,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any.
is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn:
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email:
statements relating to these securities became effective on August 11, 2020. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.
release contains statements that constitute "forward-looking statements," including with respect to the initial public
offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed
on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements
are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the Securities
and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes after the date of this release, except as required by law.