Press Release

Morgan Lewis Represents Life Science Biotech Psyence in Business Combination Agreement

Wednesday, January 11, 2023

NEW YORK, ORANGE COUNTY, PHILADELPHIA, January 10, 2023: Morgan Lewis is advising Psyence Group Inc. on US legal matters in connection with a business combination agreement between its wholly owned subsidiary Psyence Biomed Corp. and Newcourt Acquisition Corp. The agreement will result in the parties creating a public company that will leverage natural psilocybin in the treatment of palliative care.

Psyence Group Inc. is a life science biotechnology company, listed on the Canadian Securities Exchange, with a focus on natural psychedelics developed through evidence-based research. Newcourt is a blank-check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

Morgan Lewis partners Todd Hentges, Kevin Shmelzer, and Howard Kenny; of counsel Thurston Hamlette; and associates Paul Lakkis and Randall Bentley are representing Psyence.

For more, read the announcement.