Monday, October 27, 2025

SPAC Healthcare Capital Secures Shareholder Approval Of US$1 Billion SPAC Merger

Special purpose acquisition company Healthcare Capital Corp. (Nasdaq: HCCC) announced today that it has secured its shareholders’ approval of the proposed business combination with Israeli medical device company Alpha Tau Medical. The transaction values the combined company at a pro forma equity value of US$1 billion, assuming no redemptions take place.

The combined company, expected to operate under Alpha Tau, plans to trade on the Nasdaq under the symbol “DRTS” and “DRTSW” for its shares and warrants, respectively.

With 65.64% of shareholders on record, around 94.57% voted for the proposed merger.

Post-transaction, Alpha Tau shareholders will own 59.3% of the combined firm.

The blank check firm closed its US$275 million IPO in January 2021. According to its prospectus, it intended to pursue a business combination within the healthcare industry.

The Israeli firm focuses on research, development, and potential commercialization of the Alpha DaRT for the treatment of solid tumors.

Healthcare Capital last traded at US$10.08 on the Nasdaq.


Information for this briefing was found via Edgar 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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

SPAC Queen’s Gambit Growth Capital Secures Shareholder Approval Of Merger With Mass Transit Platform Swvl

Special purpose acquisition company Queen’s Gambit Growth Capital (Nasdaq: GMBT) announced on Wednesday that it...

Thursday, March 31, 2022, 02:19:00 PM

PropertyGuru Debuts On NYSE Through A US$1.61 Billion SPAC Merger

Malaysian proptech platform PropertyGuru (NYSE: PGRU) debuted today on the New York Stock Exchange as...

Friday, March 18, 2022, 02:24:00 PM

Healthcare SPAC Healthwell Acquisition Aims To Raise US$250 Million In IPO

Special purpose acquisition company Healthwell Acquisition Corp. I (NASDAQ: HWELU) went public on the Nasdaq...

Wednesday, August 4, 2021, 11:57:00 AM

ESG SPAC GSR II Meteora Acquisition Prices Upsized US$275 Million IPO

Special purpose acquisition company GSR II Meteora Acquisition Corp (Nasdaq: GSRMU) started trading publicly on...

Friday, February 25, 2022, 03:04:00 PM

India-Focused SPAC Vahanna Tech Edge Acquisition Prices US$174 Million IPO

Special purpose acquisition company Vahanna Tech Edge Acquisition I Corp. (Nasdaq: VHNAU) started trading publicly...

Tuesday, November 23, 2021, 02:12:00 PM