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Talawar Tx SPAC Merger: Biotech PIPE Meets a Cash Clock
SPAC

Talawar Tx SPAC Merger: Biotech PIPE Meets a Cash Clock

Talawar Tx is a biotechnology company developing bispecific antibodies for immunology and inflammatory diseases, and it is going public through a merger with JATT II Acquisition Corp. (JATT). The deal is expected to close in the second half of 2026, with the combined company set to trade as TLWR. The bull case is a large $225 million PIPE backing a focused atopic dermatitis program; the bear case is that the lead asset is still preclinical and redemption risk could still shrink the trust cash.

Jul 5, 20267 MIN
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