Senior Connect Acquisition Corp I announced the pricing of its upsized $360 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SNRHU” tomorrow, Friday, December 11.
The new company aims to combine with a target focused on senior health and living including potentially financial and legacy services in addition to direct care. Senior Connect is led by CEO and Chairman Richard T. Burke alongside President and Director Isaac Applbaum, CFO and Director Ryan Burke and EVP of M&A Steven Schwartz.
Total SPAC deal count for 2020 year-to-date is now 227 with $76.6 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.
Citigroup Global Markets Inc. is acting as the sole book-running manager for the offering. White & Case LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.