Bombax Healthcare Acquisition Files for $50M IPO

Bombax Healthcare Acquisition registered to foffer 5 million units to be priced at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.

The SPAC expects to target a business in the healthcare industry or a healthcare-related sector.

Bombax is led by CEO and President Jeffrey Yam, an executive director at Integrated Capital Limited, a Hong Kong-based multi-strategy private investment firm.

Underwriter JonesTrading Institutional Services has an option to purchase up to an additional 750,000 units to cover over-allotments, if any.

Bombax said it has applied for a Nasdaq listing but has not yet selected a ticker symbol. Read more.

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