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Press Releases

March 30, 2023

Nelson Mullins Represents Aesther Healthcare Acquisition Corp. in the Closing of Its $750 Million de-SPAC Transaction

WASHINGTON — Nelson Mullins represented Aesther Healthcare Acquisition Corp. (“Aesther”) in connection with the closing of its de-SPAC business combination with Ocean Biomedical (“Ocean”). The resulting company, Ocean Biomedical, Inc., commenced trading on Feb. 15, 2023 on the Nasdaq Capital Market under the symbol “OCEA.” The deal was valued up to $750 million.

The Nelson Mullins team included partner Andy Tucker, senior associate Franco Furmanski, and associate Beatriz Rosa.

Aesther is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Its principals possess public and private market investing experience and operational knowledge to bring value added benefits to Ocean.

Ocean is a biopharma company with an innovative business model that accelerates the development and commercialization of scientifically compelling assets from research universities and medical centers.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

Furmanski focuses on representing domestic and international companies and their principals in connection with a wide range of transactions, primarily merger and acquisition and financing transactions, including project finance, syndicated loans, and debt and securities offerings.

Rosa represents both domestic and international clients from Latin America and Europe in connection with a wide variety of corporate finance transactions, including mergers and acquisitions as well as debt and private equity financings.

View the press release.

Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 1,000 attorneys, policy advisors and professionals with 32 offices in 16 states and Washington, D.C. For more information, go to