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Avista Public Acquisition Corp. II was a special purpose acquisition company (SPAC) formed to acquire or merge with a healthcare-focused business. It completed its $230 million IPO in August 2021 and focused on effecting a business combination in the healthcare sector. In 2022, it completed a merger with OmniAb, Ligand Pharmaceuticals’ antibody discovery platform, resulting in OmniAb, Inc. becoming an independent publicly traded company and Avista Public Acquisition Corp. II ceasing to exist as a standalone entity. Avista Public Acquisition Corp. II had no operations, revenues, or clinical assets of its own.
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