Ginkgo Bioworks to be taken public by SPAC Soaring Eagle at a valuation of $15 billion [MarketWatch]
Soaring Eagle Acquisition Corp. - Unit (SRNGU)
Company Research
Source: MarketWatch
Shares of Soaring Eagle Acquisition Corp. rallied 2.6% in premarket trading after the special purpose acquisition company (SPAC) announced a merger agreement that will take Boston-based biology building company Ginkgo Bioworks Inc. public at a $15 billion pre-money equity valuation. The deal is expected to provide up to $2.5 billion in cash proceeds. After the deal closes, which is expected to occur in the third quarter of 2021, Soaring Eagle plans to change its name to Ginkgo Bioworks Holdings Inc., and the stock will list under a new ticker symbol. "The magic of biology is that cells run on digital code similar to a computer, except that instead of 0s and 1s it's As, Ts, Cs, and Gs," Ginkgo Chief Executive said Jason Kelly. "Ginkgo's platform makes it easier to program this code, and we are making this platform available to organizations working to solve our most pressing problems. From mRNA vaccines reaching people's arms to combating climate change, the opportunity to work with pr
Show less
Read more
Impact Snapshot
Event Time:
SRNGU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SRNGU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SRNGU alerts
High impacting Soaring Eagle Acquisition Corp. - Unit news events
Weekly update
A roundup of the hottest topics