NEW YORK – Reed Smith has advised SomaLogic, a global leader in proteomics technology, in its definitive business combination agreement with CM Life Sciences II (NASDAQ: CMIIU), a special purpose acquisition company (SPAC) sponsored by affiliates of Casdin Capital, LLC, and Corvex Management LP. Upon the closing of the transaction, CM Life Sciences II will be renamed and its common stock will be listed on NASDAQ under the ticker symbol SLGC.

Related Professionals: Herbert F. Kozlov Ari Edelman Lynwood E. Reinhardt Jared Kelly Moshe J. Kupietzky Donna Salcedo Katherine E. Geddes Anya Lernatovych Sara A. O’Toole Loevner Brooke C. Dorris James R. Assmann Caroline V. Sandy

The Reed Smith team that guided SomaLogic included Herbert F. Kozlov (partner NY), Ari Edelman (partner, NY), Lynwood E. Reinhardt, (partner, Dallas), Jared Kelly (partner, NY), Moshe J. Kupietzky (counsel, Century City), Donna Salcedo (associate, Century City), Katherine Geddes (associate, Dallas), Anya Lernatovych (associate, Pittsburgh), Sara O’Toole Loevner (associate, Pittsburgh), Brooke C. Dorris (associate, Dallas), James R. Assmann (associate, New York), and Caroline V. Sandy (associate, Dallas).

The combination is expected to provide up to $651 million in cash proceeds to shareholders and SomaLogic, including up to $276 million from CM Life Sciences II’s initial public offering in February, and $375 million from committed equity PIPE funding from investors including Casdin Capital and Corvex Management.

Proceeds from the transaction will provide SomaLogic with additional capital for expansion and growth initiatives, including technology development, new product offerings, and additional health system partnerships.

The transaction was approved by the boards of directors for both CM Life Sciences II and SomaLogic and is subject to the approval of CM Life Sciences II and SomaLogic shareholders and other customary conditions. The transaction is expected to close in the third quarter of 2021.