Helix Acquisition Corp II (HLXB) News & EventsHLXBNews & EventsHelix Acquisition Corp II

Helix Acquisition II retains over 60% of trust account after redemptions

Helix Acquisition Corp. II and TheRas announced that Helix retained approximately $120 million in its trust account, net of redemptions by public shareholders, representing more than 60% of the cash held in trust. The deadline for submitting redemption requests was July 31, 2025. As a result, the transaction is expected to raise an aggregate of approximately $382 million in gross proceeds, including $120 million from Helix's trust account and approximately $261 million from a common stock private placement transaction led by Cormorant Asset Management and including ADAR1 Capital Management, BC Capital, investment funds affiliated with Deerfield Management Company, Enavate Sciences, Eventide Asset Management, Novo Holdings A/S, Octagon Capital, Omega Funds, Paradigm BioCapital Advisors, StemPoint Capital LP, Surveyor Capital, Wellington Management, and another leading mutual fund. Helix and BBOT intend to proceed expeditiously with the closing of the business combination, subject to the satisfaction or waiver of closing conditions.

Helix Acquisition II, BBOT announce effectiveness of registration statement

Helix Acquisition Corp. II and TheRas announced that the registration statement on Form S-4, filed by Helix and BBOT, relating to the previously-announced business combination among Helix, BBOT, and the other parties thereto has been declared effective by the U.S. Securities and Exchange Commission. The extraordinary general meeting of Helix shareholders in connection with the Business Combination will be held on August 4. The proxy statement/prospectus relating to the Extraordinary General Meeting will be mailed to Helix's shareholders of record as of the close of business on the record date of June 30. The parties anticipate that the Business Combination will close in August 2025, subject to satisfaction of the conditions to the closing of the Business Combination.