Healthcare SPAC Future Health ESG Prices US$200 Million IPO

Blank check company Future Health ESG Corp. (Nasdaq: FHLTU) 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 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 “FHLTU” but once the securities are separated, the common shares and the purchase warrants will be trading on the Nasdaq big board under the symbols “FHLT” and “FHLTW”, respectively.

Canter 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 company’s offering comes just days after a fellow healthcare SPAC DTRT Health Acquisition Corp. (Nasdaq: DTRT) closed its own IPO for the same target proceeds and managed by the same bookrunner.

The offering is expected to close on September 14, 2021, subject to customary closing conditions.

The blank check firm intends to focus its search for business combination with “scale-up stage operating companies that leverage modern data science to make healthcare more effective, personalized, and cost-efficient” and keeping the alignment of these target firms’ environmental, social, and governance goals with the company’s own.


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

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Asset Manager TPG Prices US$1 Billion IPO

Private equity firm TPG Inc. (Nasdaq: TPG) began trading on the Nasdaq Global Select Market...

Thursday, January 13, 2022, 02:22:00 PM

LNG Firm Excelerate Energy Launches IPO

Liquefied natural gas company Excelerate Energy is looking to go public on the New York...

Tuesday, April 5, 2022, 02:21:00 PM

OLX Founder-Led Tech SPAC Global Technology Acquisition Closes US$200.0 Million IPO

Special purpose acquisition company Global Technology Acquisition Corp. I (Nasdaq: GTACU) closed on Monday its...

Tuesday, October 26, 2021, 02:07:00 PM

Nasdaq Stops Chinese Firms’ IPOs While Probe On Stock Rallies Ensues

The Nasdaq has halted the preparations for at least four small Chinese companies’ initial public...

Monday, October 24, 2022, 01:33:00 PM

Shein Files For IPO, Recently Valued At $66 Billion

Shein, the globally recognized online fashion company founded in China, has confidentially filed for an...

Tuesday, November 28, 2023, 07:44:12 AM