CHP Merger Corp. (CHPMU) Prices Up-Sized $275M SPAC IPO

CHP Merger Corp. (CHPMU), announced the pricing of their up-sized $275 million SPAC IPO last night and the units are expected to begin trading this morning, Friday, November 22nd, under the symbol Nasdaq: CHPMU.

CHP Merger Corp. will be focusing on the healthcare and healthcare related industries and will led by Joseph Swedish, as Chairman, and James Olsen, as CEO and Director.

Total SPAC deal count for 2019 year-to-date is now 55 with $12.66 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, November 26, 2019.

Congratulations to all.

J.P. Morgan, Credit Suisse and Morgan Stanley acted as joint book-running managers for the offering. Ropes & Gray LLP & Schole LLP and Skadden, Arps, Slate, Meagher & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.