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Perceptive Capital Solutions Corp (PCSC0.00%) has filed its annual report on Form 10-K filing for the fiscal year ended December 31, 2024.
The company, incorporated on March 22, 2024, is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
As of December 31, 2024, the company had $88,654,397 held in trust, intended for the completion of its initial business combination.
The company reported net income of $1,910,392 for the period from March 22, 2024, through December 31, 2024, primarily from interest income on cash and investments held in the trust account.
The company has not yet identified any potential target businesses and does not expect to generate operating revenues until the completion of its initial business combination.
Perceptive Capital Solutions Corp's management team includes Joseph Edelman as Chairman, Adam Stone as CEO, and Michael Altman as Chief Business Officer.
The company is targeting acquisitions in the healthcare industry, particularly in the life sciences and medical technology sectors.
The annual report outlines various risk factors, including the company's lack of operating history, potential conflicts of interest, and competition for business combination opportunities.
The report also details the company's management structure, governance policies, and compensation arrangements for its executives and directors.
Perceptive Capital Solutions Corp emphasizes its commitment to completing an initial business combination within 24 months from the closing of its initial public offering, which occurred on June 13, 2024.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Perceptive Capital Solutions Corp annual 10-K report dated March 19, 2025. To report an error, please email earnings@qz.com.