Further to the announcement by Psyence Group Inc. (Psyence Group) of the closing (Closing) of the business combination of its subsidiary, Psyence Biomedical Ltd. (PBM) with Newcourt Acquisition Corp. (Newcourt) (Business Combination or Spin-Out). Dr. Neil Maresky has assumed the role of CEO of PBM to oversee the Psyence Biomed business and has resigned as CEO of Psyence Group.