Insider Buying: CM Life Sciences II (OTCMKTS:CMIIU) Major Shareholder Purchases $2,650,000.00 in Stock

CM Life Sciences II Inc. (OTCMKTS:CMIIU) major shareholder Circle 2 Sponsor Corp Columbus purchased 265,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $2,650,000.00. Following the completion of the purchase, the insider directly owned 265,000 shares in the company, valued at $2,650,000. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CM Life Sciences II Trading Up 0.1%

OTCMKTS:CMIIU opened at $10.00 on Friday. CM Life Sciences II Inc. has a 52-week low of $9.98 and a 52-week high of $10.02. The business’s fifty day moving average is $11.05 and its 200 day moving average is $11.16.

About CM Life Sciences II

CM Life Sciences II, Inc is a special purpose acquisition company (SPAC) incorporated in Delaware in February 2021. The company’s units trade on the OTC market under the ticker CMIIU. As a blank‐check company, CM Life Sciences II seeks to identify and acquire one or more businesses in the life sciences industry, including biotechnology, biopharmaceuticals, medical devices and related areas.

The company raised capital through its initial public offering in mid-2021, issuing public units each comprising one share of Class A common stock and a fraction of a warrant.