Chardan Healthcare Acquisition Corp. (CHAC.U), the Chardan-backed SPAC focusing on Healthcare companies in North America, priced their $70 million IPO Thursday evening, wrapping up a very active 2018 for SPACs. CHACU, which is being led by senior members of Chardan Capital Markets, should be the final SPAC for the year, bringing 2018’s grand total to 46 SPAC IPOs and $10.72 billion in gross proceeds raised.
The units are expected to begin trading on Friday, December 14th, under the symbol NYSE: CHAC.U.
Congratulations to all.
Chardan acted as sole book-running manager in the offering. Brookline Capital Markets, a division of CIM Securities, LLC acted as co-manager.