CHW Acquisition Corp. (CHWA) Prices Upsized $110M IPO

CHW Acquisition Corp. announced the pricing of its upsized $110 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CHWAU” today, August 30.

The new SPAC intends to combine with a consumer-related business, specifically within health and wellness, that has accelerated in growth due to the coronavirus pandemic. CHW is led by President Paul Norman, Co-CEOs Jonah Raskas and Mark Grundman, and CFO Stephen Katchur.

Total SPAC deal count for 2021 year-to-date is now 417. This offering is expected to close on Wednesday, September 1.

Chardan is acting as sole book running manager of the offering. Reed Smith LLP is serving as Issuer’s Counsel with Proskauer Rose LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.