CA Healthcare Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Wednesday, January 27, 2021 under the ticker symbol “CAHCU.” Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on the Nasdaq under the symbols ‘‘CAHC’’ and ‘‘CAHCW,’’ respectively.
The offering is expected to close on Friday, January 29, 2021, subject to customary closing conditions.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search in the healthcare industry, specifically healthcare services, healthcare information technology, care management, medical distribution, behavioral health, medical devices, diagnostics, pharma services, health and wellness, and specialty pharmacy.
The Company is led by Chairman and Chief Executive Officer Larry J. Neiterman (most recently serving as the Chief Operating Officer of Deloitte Global Consulting) and President and Chief Financial Officer Jeffrey H. Barnes (most recently serving as the Chief Executive Officer of Philips Canada), in conjunction with members of Covington Associates and Pleasant Bay Capital Partners.
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