Health Sciences Acquisition Corp. Prices $100M SPAC + $15M Over-Allotment
by Kristi Marvin on 2019-05-09 at 9:10pm

Health Sciences Acquisition Corporation (HSACU), announced the pricing of their $100 million SPAC IPO tonight and the units are expected to begin trading tomorrow, May 10th, under the symbol Nasdaq: HSACU.

Additionally, the underwriters have announced that they have fully exercised the over-allotment option to purchase an additional 1,500,000 units.

Health Sciences, which will be focusing on BioPharma and MedTech companies, will be led by Roderick Wong, MD, as President, CEO and Chairman, as well as senior members of RTW investments.

Total SPAC deal count for 2019 year-to-date is now 20 with $4.514 billion in gross proceeds raised. The offering is expected to close on or about May 14th, 2019.

Congratulations to all.

 


Chardan and UBS acted as joint book-running managers.
Loeb & Loeb LLP and Kirkland & Ellis LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.

 

 

Recent Posts
by Nicholas Alan Clayton on 2024-03-29 at 10:52am

Welsbach Technology (NASDAQ:WTMA) has signed a business combination agreement with Evolution Metals, which is developing technology to produce the critical materials and alloys in battery production. Transaction Overview Welsbach has about $23.4 million in its current trust after seeing 71.8% of shares redeemed in earlier extension votes that have pushed its deadline to June 30,...

by Nicholas Alan Clayton on 2024-03-29 at 7:38am

At the SPAC of Dawn On a day when the US markets are closed, there’s always a chance of SPAC actions sliding by as the SEC has left its EDGAR filing system open. Right on cue, Welsbach Technology (NASDAQ:WTMA) filed that it had come to a definitive agreement with battery production technology firm Evolution Metals....

by Nicholas Alan Clayton on 2024-03-28 at 1:35pm

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...

by Nicholas Alan Clayton on 2024-03-28 at 7:47am

At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...

by Nicholas Alan Clayton on 2024-03-27 at 1:31pm

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved