Healthcare Services Acquisition Corp (HCARU) Prices Upsized $288M IPO

IPO

Healthcare Services Acquisition Corp (HCARU) Prices Upsized $288M IPO

Healthcare Services Acquisition Corporation announced the pricing of its upsized $288 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol HCARU” Wednesday, December 23.

The new company aims to combine with a technology-enabled healthcare services target with significant white space in home or adjacent markets. Healthcare Services is led by CEO and Chairman David T. Blair alongside President and Director Martin J. Payne, CFO Joshua B. Lynn and COO Tao Tan.

Total SPAC deal count for 2020 year-to-date is now 246 with $81.4 billion in gross proceeds raised. This offering is expected to close on Monday, December 28.


B. Riley Securities, Inc. is acting as sole book-running manager for the offering. Ropes & Gray LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.

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