HumanCo Acquisition Corp. announced the pricing of its upsized $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “HMCOU” tomorrow, Wednesday, December 9.
The new company aims to combine with a business in the health and wellness space in a high-growth category with durable tailwinds and a mission-driven approach. HumanCo is led by Executive Co-Chairman Jason H. Karp alongside CEO and Director Ross Berman, President Brett Thomas, COO Amy Zipper and Co-Chairman Rohan Oza.
Total SPAC deal count for 2020 year-to-date is now 216 with $72.8 billion in gross proceeds raised. This offering is expected to close on Friday, December 11.
Citigroup Global Markets Inc. is acting as the sole book-running manager of the offering. Ropes & Gray LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.