First Digital Health Acquisition Files for $175M IPO

First Digital Health Acquisition registered with the SEc to offer 17.5 million units at $10 each. A unit consists of one share of Class A common stock and one-half of a warrant.

The sponsor, First Digital Health Sponsor, has committed to purchase an aggregate of up to 10.75 million warrants for $1 each. Initial stockholders currently hold about 5.03 million shares of Class B common stock.

The new SPAC will target companies in the healthcare technology, healthcare technology-enabled services, or digital health subsectors. 

Co-CEO Justin Dearborn is former CEO of Tribune Publishing. Co-CEO Jonathan Phillips is managing director and head of private equity for FTCP in Illinois.

William Blair is sole book-running manager of the offering.

First Digital Health intends to apply for a listing on the NYSE under the symbol FDHAU. Read more.

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