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Thursday, January 25, 2024

Equity Corporate Actions Alert #2024 - 37
(UPDATED: Closing completed) Information Regarding the Business Combination of Newcourt Acquisition Corp (NCAC/W/U) & Psyence Biomedical Ltd.

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  • Industry Announcement

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The business combination of Newcourt Acquisition Corp (NCAC/W/U) & Psyence Biomedical Ltd. became effective today, January 25, 2024. As a result of the business combination, the Class A Ordinary Shares, Warrant, and Unit of Newcourt Acquisition Corp (NCAC/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Newcourt Acquisition Corp Class A Ordinary Shares
CUSIP#: G6448C103
Symbol: NCAC
Last Trading Date: January 25, 2024
Marketplace Effective Date for Suspension: January 26, 2024
Merger Consideration: One (1) Psyence Biomedical Ltd. Common Share (PBM) for each share held.

Company Name/Issue: Newcourt Acquisition Corp Warrant
CUSIP#: G6448C129
Symbol: NCACW
Last Trading Date: January 25, 2024
Marketplace Effective Date for Suspension: January 26, 2024
Merger Consideration: One (1) Psyence Biomedical Ltd. Warrant expiring 1/25/2029 (PBMWW) for each warrant held.

Company Name/Issue: Newcourt Acquisition Corp Unit
CUSIP#: G6448C111
Symbol: NCACU
Last Trading Date: January 25, 2024
Marketplace Effective Date for Suspension: January 26, 2024
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be domiciled in Canada and will list its Common Shares on the Nasdaq Global Market and its Warrants on Nasdaq Capital Market. The details are as follows:

Company Name/Issue: Psyence Biomedical Ltd. Common Shares
CUSIP#: 74449F100
Symbol: PBM
Marketplace Effective Date: January 26, 2024

Company Name/Issue: Psyence Biomedical Ltd. Warrant expiring 1/25/2029
CUSIP#: 74449F118
Symbol: PBMWW
Marketplace Effective Date: January 26, 2024

If you would like to register as a market maker in PBM or PBMWW, contact Nasdaq Trading Services at +1 212 231 5100.


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