Healthwell Acquisition Corp. (HWELU) Prices $250M IPO


Healthwell Acquisition Corp. (HWELU) Prices $250M IPO

Healthwell Acquisition Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “HWELU” Tuesday, August 3.

The new SPAC aims to combine with a healthcare target that has a differentiated product with a sustainable competitive advantage, a robust financial profile, and a scalable platform.  Healthwell is led by CEO Alyssa Rap, President and CFO Tracy Wan, and Co-Chairs Curtis Feeny and George Hornig.

Total SPAC deal count for 2021 year-to-date is now 389. This offering is expected to close on Thursday, August 4.

Jefferies LLC is acting as the sole book-running manager for the IPO. Winston & Strawn LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel.  Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.