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Company:
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OMNIAB, INC. (OABI)
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Form Type:
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425
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Filing Date:
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5/5/2022
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CIK:
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0001846253
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Address:
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5980 HORTON STREET
SUITE 600
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City, State, Zip:
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EMERYVILLE, California 94608
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Telephone:
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510-250-7800
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$3.33
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Change:
-0.26 (-7.24%)
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Trade Time:
04:00 PM EST
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Market Cap:
$382.35M
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Description of Business
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We are a blank check company incorporated on February 5, 2021 as a Cayman
Islands exempted company for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities (a "Business Combination").
We have neither engaged in any operations nor generated any revenue to date.
Based on our business activities, the Company is a "shell company" as defined
under the Securities Exchange Act of 1934 (the "Exchange Act") because we have
no operations and nominal assets consisting solely of cash and/or cash
equivalents.
On February 12, 2021, our sponsor, Avista Acquisition LP II, paid $25,000 to
cover certain expenses on our behalf in consideration for the issuance of
5,750,000 Class B ordinary shares, par value $0.0001 per share (the "Class B
ordinary shares"), or approximately $0.004 per share (the "Founder Shares").
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