Freenome completes business combination with PCSC, begins trading on Nasdaq as FRNM
Freenome Holdings, Inc. completed its business combination with Perceptive Capital Solutions Corp. on July 20, 2026, creating New Freenome, Inc. The combined company began trading on Nasdaq Capital Market under the symbol "FRNM" on July 21, 2026. In connection with the closing, 24,000,000 shares of New Freenome Common Stock were purchased by PIPE investors at $10.00 per share, generating $240.0 million in gross proceeds. New Freenome had 107,446,814 shares outstanding immediately following the business combination closing.
- Business combination closed July 20, 2026; trading commenced July 21, 2026 under symbol "FRNM" on Nasdaq Capital Market
- PIPE investors purchased 24,000,000 shares at $10.00 per share for $240.0 million gross proceeds
- 107,446,814 shares of New Freenome Common Stock issued and outstanding as of closing date
- Roche holds 18,692,767 shares (17.4%) post-closing; RA Capital Management holds 15,367,270 shares (14.3%); Perceptive Life Sciences Master Fund holds 13,314,347 shares (12.4%); Andreessen Horowitz holds 5,571,601 shares (5.2%)
- Board reduced from nine directors to seven directors effective immediately following merger closing
- Aaron Elliott appointed Chief Executive Officer; Linh H. Le appointed Chief Financial Officer; Riley Ennis appointed Chief Product Officer; Cheng-Ho Jimmy Lin appointed Chief Scientific Officer
- Ernst & Young LLP engaged as independent registered public accounting firm; WithumSmith+Brown dismissed as PCSC's prior auditor
- New Freenome ceased to be a shell company upon closing; PCSC successor issuer retained SEC file number 001-42126 and CIK 0002017526
The business combination transition brings Freenome, a cancer screening company, to public markets with $240 million in committed PIPE capital, positioning it to fund product development, regulatory milestones, and commercialization efforts while maintaining a public equity currency for future capital raises and strategic transactions.
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- 8-Kthis filing
Derived from 8-K filed 2026-07-24. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →