SRNG Stock, DNA: 14 Things to Know About Ginkgo Bioworks and the Soaring Eagle SPAC Merger

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SRNG Stock, DNA: 14 Things to Know About Ginkgo Bioworks and the Soaring Eagle SPAC Merger: The stock of Ginkgo Bioworks (NYSE: DNA) will begin trading today as the business completes its merger with Soaring Eagle Special Purpose Acquisition Company (SPAC) (NASDAQ: SRNG).

SRNG Stock, DNA: 14 Things to Know About Ginkgo Bioworks and the Soaring Eagle SPAC Merger

SRNG Stock

Let’s examine all the information that investors require regarding DNA stock and the SPAC transaction.

  • First off, as a result of the SPAC transaction, the stock symbol for SRNG will change to DNA.
  • Additionally, it will move from the Nasdaq Exchange to the New York Stock Exchange as a result.
  • The SPAC merger was given the green light on Tuesday, and the new shares will begin trading today.
  • Ginkgo Bioworks will receive $1.6 billion in total payouts upon terminating the SPAC transaction.
  • It also establishes the company’s valuation at $16 billion.
  • A biotech startup called Ginkgo Bioworks is developing a strategy to enable cell programming.
  • The business wants to make programming for cells as simple as programming for computers.

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  • It was established in 2008 and is based in Boston, Massachusetts.
  • Eli Baker, Jeff Sagansky, and Harry E. Sloan established Soaring Eagle as a SPAC.
  • It was established with the intention of locating an appropriate merger partner to go public.
  • Ginkgo Bioworks kept its present management group after the SPAC merger.
  • For its Board of Directors, there are modifications.
  • Harry Sloan, the CEO of Soaring Eagle, will also join the board of directors.
  • The new Board of Directors of the combined company will also include a number of additional people.

SRNG stock was up 10.2% as of Friday morning.

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SRNG Stock, DNA: 14 Things to Know About Ginkgo Bioworks and the Soaring Eagle SPAC Merger

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