Orion Acquisition Corp. (OHPAU) Prices Upsized $360M IPO

Orion Acquisition Corp. announced the pricing of its upsized $360 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “OHPAU,” Tuesday, March 2.

The new company aims to combine with a healthcare target with a durable revenue base and a track record for developing innovative products. Orion is led by CEO and CFO Beau Garverick alongside Chairman Kenneth A. Burdick.

Total SPAC deal count for 2021 year-to-date is now 191. This offering is expected to close on Thursday, March 4.

Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continentlal Stock Transfer & Trust Company is acting as trustee.