Healthcare Capital Corp. (HCCCU) Prices Upsized $240M IPO


Healthcare Capital Corp. (HCCCU) Prices Upsized $240M IPO

Healthcare Capital Corp. announced the pricing of its $240 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “HCCCU” Friday, January 15.

The new company aims to combine with a healthcare business with a focus on digital and telehealth, life sciences,  and innovative medical devices. Healthcare Capital is led by Chairman Dr. David Milch, CEO William Johns and CFO Philip A. Baseil.

Total SPAC deal count for 2021 year-to-date is now 50 with $13.2 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

Cantor Fitzgerald & Co. is serving as sole bookrunner. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.