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Isleworth Healthcare Acquisition Corp. (NASDAQ: ISLEU) announced that its units will automatically separate on March 29, 2021, allowing common stock (ISLE) and redeemable warrants (ISLEW) to trade independently. Each unit comprises one share of common stock and one-half of a redeemable warrant, with warrants entitling holders to purchase shares at $11.50 each. Note that fractional warrants will not be issued, potentially resulting in a loss for unit holders. This separation requires no action from unit owners. Isleworth targets healthcare companies in North America and Europe for future business combinations.
Isleworth Healthcare Acquisition Corp. (NASDAQ: ISLEU) successfully closed its initial public offering (IPO) on March 2, 2021, raising $207 million by selling 20,700,000 units at $10.00 each, including the full exercise of the underwriters' over-allotment option. Trading began on the Nasdaq Capital Market on February 25, 2021. Each unit comprises one share of common stock and one-half of a redeemable warrant, with whole warrants exercisable at $11.50 per share. Isleworth targets merger opportunities in the healthcare sector, focusing on North America and Europe.
