Century Therapeutics Closes $160M Series C Financing
04 Mar, 2021
– Skyworks Aeronautics announced a $100m investment commitment from GEM Global Yield LLC SCS (“GEM”), the Luxembourg based private alternative investment group.
– Under the agreement, GEM will provide Skyworks Aeronautics with a Share Subscription Facility of up to $100 million for a 36-month term following a public listing of the Skyworks Aeronautics common stock.
– Skyworks Aeronautics will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.
– Concurrent with a public listing of Skyworks Aeronautics shares, Skyworks Aeronautics will issue warrants to GEM to purchase up to 3% of the common stock of the company.