Full Press Release Details
Life Sciences, Inc., Sponsored by Affiliates of Casdin Capital and Corvex Management, Announces
Pricing of Upsized $385 Million Initial
York, NY - September 1, 2020 - CM Life Sciences, Inc. (the "Company") announced today that it priced
its initial public offering of 38,500,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market ("Nasdaq")
and trade under the ticker symbol "CMLFU" beginning September 2, 2020. Each unit consists of one share of Class A
common stock and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common
stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A
common stock and warrants are expected to be listed on Nasdaq under the symbols "CMLF" and "CMLFW," respectively.
The Company expects the offering to be consummated on September 4, 2020.
Company, sponsored by affiliates of Casdin Capital, LLC and Corvex Management LP, is led by Chief Executive Officer Eli Casdin
and Chairman Keith Meister. The Company is a blank check company formed for the purpose of effecting a business combination. The
Company intends to focus its search for business combination targets in three separate areas of the life sciences industry that
are often fragmented - life sciences tools, synthetic biology and diagnostics.
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 5,775,000 units at the initial public offering price to cover over-allotments, if any.
offering 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: Prospectus_Department@Jefferies.com.
statements relating to these securities became effective on September 1, 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.
press 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 U.S. Securities and Exchange Commission (the "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.