Latham & Watkins Advises Andreessen Horowitz in Connection with Nautilus Biotechnology’s Proposed Merger with Arya Sciences Acquisition Corp III

A corporate team advises the investor in the US$200 million PIPE as part of the SPAC transaction.

February 22, 2021

Nautilus Biotechnology, Inc., a company pioneering a single-molecule protein analysis platform for quantifying the human proteome, and Arya Sciences Acquisition Corp III (Nasdaq: ARYA), a special purpose acquisition company or SPAC, sponsored by Perceptive Advisors, have announced they have entered into a definitive business combination agreement. Upon closing of the transaction, Arya III will redomicile as a Delaware corporation, be renamed Nautilus Biotechnology, Inc. and its common stock is expected to be listed on Nasdaq under the ticker symbol NAUT. In connection to the transaction, a group of premier healthcare investors has committed to invest in a US$200 million common stock PIPE. Investors in the PIPE include lead investor Perceptive Advisors, an affiliate of Arya III’s sponsor, as well as RA Capital Management, Ally Bridge Group, Bain Capital Life Sciences, Franklin Templeton Investments, OrbiMed, Alyeska Investment Group, L.P., Casdin Capital and existing Nautilus Biotechnology shareholders including Andreessen Horowitz, Madrona Venture Group, and Vulcan Capital.

Latham & Watkins LLP represents Andreessen Horowitz in the transaction with a corporate team led by partners Justin Hamill, Ryan Maierson, and Benjamin Potter.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.