Healthcare Capital Corp. (HCCC) Adjourns Vote for Alpha Tau Deal Again
by Marlena Haddad on 2022-02-18 at 1:58pm

Healthcare Capital Corp. (NASDAQ:HCCC) announced that it has once again adjourned its special meeting with cancer drug developer Alpha Tau until later today.

The meeting, which was supposed to be held earlier this morning, was convened and then adjourned until 4:00p.m. Eastern Time, this afternon.  HCCC, which adjourned the original meeting on Tuesday, February 15, stated that it still needs additional time to satisfy certain closing conditions.  The SPAC noted on Tuesday that although a sufficient number of stockholders had voted to approve the proposed business combination, not all of the conditions to effect the closing were satisfied.

HCCC is financing the deal with $275 million from its current trust supplemented by a $92 million PIPE at $10 per share. The PIPE drew participation from Yozma, Grand Decade Development, OurCrowd, Medison Group, Regah Ventures and Apax Partners Co-Founders Alan Patricof and Sir Ronald Cohen.

HCCC opened today at $10.20, and spiked to a high of $11.45, but has since dropped to $9.90.

Healthcare Capital originally announced its $650 million deal with Alpha Tau last summer on July 8. Jerusalem-based Alpha Tau is developing unique cancer treatments that utilize alpha radiation to attack tumors with reduced damage to surrounding tissues and cells.


ADVISORS

  • Citigroup is acting as financial advisor to Alpha Tau.
  • Citigroup, Piper Sandler, and Cantor Fitzgerald are acting as joint placement agents on the PIPE.
  • Cantor Fitzgerald is acting as a capital markets advisor to HCC.
  • Value Base M&A Ltd. is also acting as financial advisor on the transaction.
  • Latham & Watkins LLP and Meitar | Law Offices are acting as legal advisors to Alpha Tau.
  • Ellenoff Grossman & Schole LLP and FBC & Co. are acting as legal advisors to HCC.
  • Winston & Strawn LLP is acting as legal advisor to the placement agents.
Healthcare Capital Corp. (HCCC) Adjourns Vote for Alpha Tau Deal Again
Recent Posts
by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

by Nicholas Alan Clayton on 2025-07-11 at 8:24am

At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...

by Kristi Marvin on 2025-07-10 at 8:31am

A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved