Spindletop Health Acquisition priced its IPO of 20 million units at $10 each. Units are expected to begin trading today on the Nasdaq under SHCAU. Each consists of one share and one-half of a redeemable warrant.
When the securities begin separate trading, stock and warrants will list under SHCA and SHCAW.
The SPAC intends to focus on identifying, acquiring and building an undervalued, growth-oriented company in the healthcare services sector.
Barclays and Stifel, Nicolaus are joint book-running managers. The underwriters may opt to purchase up to 3 million additional units to cover any over-allotments. Read more.
