Pear Therapeutics goes public in SPAC deal

June 30, 2021
Last Updated:
June 30, 2021
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by Danielle Bradnan
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The $1.6 billion deal will make Pear Therapeutics (now Pear Holdings Corp.) one of the first digital therapeutics companies to go public. The SPAC merger will allow Pear to go on with commercialization and expansion plans that have struggled since the relationship with Novartis Pharmaceuticals became strained. Going public will likely increase the company's funding opportunities beyond the more traditional investments made in digital therapeutics by pharma players and will improve its image in the healthcare world. As a relatively new market player heralding a technology that only received FDA approval in 2018, Pear needs as much image support as possible – and this merger will help it on both the funding potential and legitimacy fronts.

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