Item 1.01. Entry into a Material Definitive Agreement.

On January 27, 2021, Biotech Acquisition Company (the "Company") consummated its initial public offering (the "IPO") of 23,000,000 units (the "Units"), including 3,000,000 Units issued pursuant to the full exercise of the underwriters' over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share ("Class A Ordinary Share"), and one-half of one redeemable warrant of the Company ("Warrant"), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000.

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company's Registration Statement on Form S-1 (File No. 333-251834) related to the IPO, originally filed with the U.S. Securities and Exchange Commission (the "Commission") on December 31, 2020 (as amended, the "Registration Statement"):





       ?   An Underwriting Agreement, dated January 25, 2021, by and between the
           Company and Cantor Fitzgerald & Co.  ("Cantor"), a copy of which is
           attached as Exhibit 1.1 hereto and incorporated herein by reference.




       ?   A Warrant Agreement, dated January 25, 2021, by and between the Company
           and Continental Stock Transfer & Trust Company, as warrant agent, a
           copy of which is attached as Exhibit 4.1 hereto and incorporated herein
           by reference.




       ?   A Letter Agreement, dated January 25, 2021, by and among the Company,
           its officers, its directors and the Company's sponsor, Biotech Sponsor
           LLC (the "Sponsor"), a copy of which is attached as Exhibit 10.1 hereto
           and incorporated herein by reference.




       ?   An Investment Management Trust Agreement, dated January 25, 2021, by
           and between the Company and Continental Stock Transfer & Trust Company,
           as trustee, a copy of which is attached as Exhibit 10.2 hereto and
           incorporated herein by reference.




       ?   A Registration Rights Agreement, dated January 25, 2021, by and between
           the Company and the Sponsor, a copy of which is attached as Exhibit
           10.3 hereto and incorporated herein by reference.




       ?   An Administrative Support Agreement, dated January 25, 2021, by and
           between the Company and the Sponsor, a copy of which is attached as
           Exhibit 10.4 hereto and incorporated herein by reference.




       ?   A Sponsor Warrants Purchase Agreement, dated January 25, 2021 (the
           "Sponsor Warrants Purchase Agreement"), by and between the Company and
           the Sponsor, a copy of which is attached as exhibit 10.5 hereto and
           incorporated herein by reference.

Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, pursuant to the Sponsor Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 6,000,000 warrants (the "Private Placement Warrants") to the Sponsor at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $6,000,000. The Private Placement Warrants are identical to the Warrants included in the Units sold as part of the Units in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

On January 25, 2021, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the "Amended and Restated Memorandum and Articles of Association") with the Cayman Islands General Registry, effective the same day. The terms of the Amended and Restated Memorandum and Articles of Association are set forth in the Registration Statement and are incorporated herein by reference. A copy of the Amended and Restated Memorandum and Articles of Association is attached as Exhibit 3.1 hereto and incorporated herein by reference.





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Item 8.01. Other Events.

A total of $230,000,000, comprised of $226,000,000 of the proceeds from the IPO (which amount includes $8,650,000 of the underwriter's deferred discount) and $4,000,000 of the proceeds of the sale of the Private Placement Warrants, was placed in a U.S.-based trust account at Morgan Stanley maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes (less up to $100,000 interest to pay dissolution expenses), the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company's initial business combination, (ii) the redemption of any of the Company's public shares properly submitted in connection with a stockholder vote to amend the Company's Amended and Restated Memorandum and Articles of Association (a) to modify the substance or timing of its obligation to redeem 100% of the Company's public shares if it does not complete its initial business combination within 24 months from the closing of the IPO or (b) with respect to any other provision relating to stockholders' rights or pre-initial business combination activity and (iii) the redemption of the Company's public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO, subject to applicable law.

In addition, the 5,750,000 Class B ordinary shares of the Company (the "Founder Shares") held by the Sponsor (prior to the exercise of the over-allotment) included an aggregate of up to 750,000 Founder Shares that were subject to forfeiture by the Sponsor to the extent that the underwriter's over-allotment option was not exercised in full, so that the Sponsor would own 20% of the issued and outstanding shares of all classes of ordinary shares of the Company. Since the underwriter's over-allotment has been exercised in full, there are no longer Founder Shares subject to forfeiture.

On January 25, 2021, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On January 28, 2021, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits

The following exhibits are being filed herewith:





Exhibit No.    Description

1.1             Underwriting Agreement, dated January 25, 2021 by and between the
              Company and Cantor Fitzgerald & Co., as representatives of the several
              underwriters.

3.1             Amended and Restated Memorandum and Articles of Association.

4.1             Warrant Agreement, dated January 25, 2021, by and between the Company
              and Continental Stock Transfer & Trust Company, as warrant agent.

10.1            Letter Agreement, dated January 25, 2021, by and among the Company,
              its officers, its directors and the Sponsor.

10.2            Investment Management Trust Agreement, dated January 25, 2021, by and
              between the Company and Continental Stock Transfer & Trust Company, as
              trustee.

10.3            Registration Rights Agreement, dated January 25, 2021, by and between
              the Company and the Sponsor.

10.4            Administrative Support Agreement, dated January 25, 2021, by and
              between the Company and the Sponsor.

10.5            Sponsor Warrants Purchase Agreement, dated January 25, 2021 by and
              between the Company and the Sponsor.

99.1            Press Release, dated January 25, 2021.

99.2            Press Release, dated January 28, 2021.




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