Oracle Healthcare Acquisition Corp and Precision Therapeutics Merger Falls Through

Who knows what the Oracle told investors just prior to the vote, but this dog clearly had some fleas on it: Share prices dropped way below cash value in the days leading up to the liquidation announcement. Now, both Precision and Oracle are liquidating, but at least the investors in Oracle will get their money back. Makes locking your cash into a VC/PE fund for 4-5 years, then risking loss when their investments liquidate look pretty silly. LPs: Why not put your cash in a SPAC for 2 years? At least you'll get better downside protection....

"...The Company and Precision Healthcare determined that, due to currently prevailing market conditions, terminating the Merger Agreement was in the best interests of both the Company and PTI, as well as their respective stockholders..."

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