Genetic testing services provider Prenetics, a spinout of City University of Hong Kong, will hold a reverse merger at a $1.25bn valuation.

Prenetics, a China-based genetic testing services spinout from City University of Hong Kong, is set for a reverse merger with special purpose acquisition company Artisan Acquisition Corp. Prenetics will be valued at approximately $1.25bn through the deal and will take over Artisan’s listing on the Nasdaq Capital Market, which it received through a $399m initial…

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