Tango Therapeutics’ $353 Million Merger with BCTG Acquisition Corp.

Goodwin Procter LLP advised Tango Therapeutics on the deal while Wilson Sonsini Goodrich & Rosati represented BCTG Acquisition Corp.

Tango Therapeutics announced its definitive merger agreement with BCTG Acquisition Corp. (Nasdaq: BCTG). The combined company is expected to receive gross proceeds of approximately $353 million at the closing of the transaction.

Tango Therapeutics is a biotechnology company committed to discovering and delivering the next generation of precision cancer medicines.

BCTG Acquisition Corp. is a special purpose acquisition company (SPAC) sponsored by Boxer Capital, a private biotechnology investment fund.

In addition to the approximately $167 million held in BCTG Acquisition Corp.’s trust account (less any redemptions), a group of healthcare investors has committed to participate in the transaction through a common stock PIPE of approximately $186 million at $10 per share. Upon closing of the transaction, the combined company will be named Tango Therapeutics, Inc., and its common stock is expected to be listed on Nasdaq under the ticker symbol “TNGX”.

The Goodwin team included Mitchell Bloom (Picture), William Collins, Laurie Burlingame, Daniel Espinoza, Katherine Hand and Katerina Stavrianidis (Corporate/SPAC), Catherine McCarty and Ioana Davies (IP), Janet Andolina, Kyle Pine and Garret Gaughan (Tax).

The Wilson Sonsini team that served as patent counsel to BCTG Acquisition Corp. in the transaction was led by Julia Minitti and included August Renshaw and Mike Hostetler.
Involved fees earner: Janet Andolina – Goodwin Procter; Mitchell Bloom – Goodwin Procter; Laurie Burlingame – Goodwin Procter; William Collins – Goodwin Procter; Ioana Davies – Goodwin Procter; Daniel Espinoza – Goodwin Procter; Garrett Gaughan – Goodwin Procter; Katherine Hand – Goodwin Procter; Kyle Pine – Goodwin Procter; Catherine McCarty – Goodwin Procter; Katerina Stavrianidis – Goodwin Procter; Michael Hostetler – Wilson Sonsini Goodrich & Rosati; Julia Minitti – Wilson Sonsini Goodrich & Rosati; August Renshaw – Wilson Sonsini Goodrich & Rosati;

Law Firms: Goodwin Procter; Wilson Sonsini Goodrich & Rosati;

Clients: BCTG Acquisition Corp.; Tango Therapeutics Inc;

Author: Martina Bellini