Monday, August 25, 2025

Latest

Healthcare SPAC DTRT Health Acquisition Prices US$200 Million IPO

Blank check company DTRT Health Acquisition Corp. (Nasdaq: DTRTU) went public today on the Nasdaq Capital Market. The company is seeking to raise US$200.0 million through its initial public offering.

The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-half of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share. The units will be trading under the symbol “DTRTU” but once the securities are separated, the common shares and the purchase warrants will be trading on the Nasdaq big board under the symbols “DTRT” and “DTRTW”, respectively.

Cantor Fitzgerald & Co. serves as the sole bookrunner for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 3.0 million company units, potentially bringing the offering proceeds to US$230.0 million.

The offering is expected to close on September 7, 2021, subject to customary closing conditions.

The blank check firm, being led by former Addus HomeCare CEO Mark Heaney, intends to focus its search for business combination with firms in the healthcare industry.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Robinhood Covertly Files for US IPO

Fresh from its discomfiting Congressional hearing and onslaught of scrutiny from retail trading fanatics over...

Wednesday, March 24, 2021, 09:42:00 AM

Fintech Firm Blend Labs Seeks US$360 Million In IPO

Blend Labs Inc. announced this morning the launch of its initial public offering on the...

Tuesday, July 6, 2021, 11:20:00 AM

Biotech Firm AN2 Therapeutics Prices US$69 Million IPO

Biopharmaceutical company AN2 Therapeutics, Inc. (Nasdaq: ANTX) began trading on the Nasdaq Global Select Market...

Friday, March 25, 2022, 02:22:00 PM

Renewable Energy SPAC AP Acquisition Prices US$150 Million IPO

Special purpose acquisition company AP Acquisition Corp (NYSE: APCA.U) went public today on the New...

Friday, December 17, 2021, 02:23:00 PM

Fintech SPAC Prime Number Acquisition I Prices US$60 Million IPO

Special purpose acquisition company Prime Number Acquisition I Corp (Nasdaq: PNACU) started trading its securities...

Monday, May 16, 2022, 02:23:00 PM