USHG Acquisition Corp. (HUGSU) Prices $250M IPO


USHG Acquisition Corp. (HUGSU) Prices $250M IPO

USHG Acquisition Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “HUGSU,” on Thursday, February 25.

The new company aims to combine with a culture-driven consumer or technology company with a clear vision and strategy. USHG is led by Chairman Danny Meyer, CEO Adam D. Sokoloff and CFO Tiffany F. Daniele.

Total SPAC deal count for 2021 year-to-date is now 173. This offering is expected to close on Monday, March 1.

Goldman Sachs & Co. LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. American Stock Transfer & Trust Company is acting as trustee.