Biotech Acquisition Company and Blade Therapeutics Announce Definitive Merger Agreement

NEW YORK and SOUTH SAN FRANCISCO, Calif., Nov. 8, 2021 /PRNewswire/ --

Biotech Acquisition Company (Nasdaq: BIOT) ("BAC"), a publicly traded special purpose acquisition company affiliated with SPRIM Global Investments, and Blade Therapeutics, Inc. ("Blade"), a biopharmaceutical company based in South San Francisco, Calif., announced today that they have entered into a definitive merger agreement. Upon the closing of the transaction, which is anticipated to occur in the first quarter of 2022, the combined company will be renamed Blade Biotherapeutics, Inc., and is expected to be listed on Nasdaq under the symbol "BBTX." Blade and BAC's joint investor presentation to discuss the proposed merger can be accessed via webcast by clicking here.